Once again we take a look at the valuations of the major 3D printing companies over the past week.
Publicly traded companies are required to post their financial reports, as well as appear on stock markets. From there we can calculate the total value of their company by multiplying the current stock price by the number of outstanding shares. This number is the market capitalization, and represents the current valuation of the company.
It’s a great number of compare companies, as the market capitalization can be leveraged to provide more capabilities for the company. Shares could, for example, be used as collateral for a loan. That and similar maneuvers could generate cash with which the company might undertake new projects.
In other words, “market cap”, as it is known, is quite important.
You might think it’s not important to monitor these companies each week, as their value is realized only when stocks are sold. However, events happen to companies occasionally that cause their value to rise and fall, and this weekly post is where we track such things.
Note that our list here does not include all major 3D print companies. Not all 3D print companies are publicly traded, and thus we cannot officially know their true size, such as EOS. Others, like HP or Siemens, have very large 3D printing divisions, but are part a much larger enterprises and we cannot know the true size of their 3D printing activities.
Let’s take a look at the 3D printing companies on this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Bright Laser | $2,529 | +127 |
| 2 | Farsoon | $2,154 | +40 |
| 3 | Xometry | $1,415 | +150 |
| 4 | Proto Labs | $916 | +80 |
| 5 | Stratasys | $694 | +11 |
| 6 | Nano Dimension | $362 | -3 |
| 7 | Materialise | $317 | +12 |
| 8 | 3D Systems | $273 | +10 |
| 9 | Titomic | $201 | +2 |
| 10 | AML3D | $49 | +1 |
| 11 | Aurora Labs | $16 | +2 |
| 12 | Massivit | $7 | -0 |
| 13 | Sygnis | $5 | +0 |
| 14 | Freemelt | $3 | -0 |
| 15 | Steakholder Foods | $3 | -0 |
| TOTAL | $8,943 | +431 |
This week saw major markets rise by two to three percent, recovering somewhat from tariff shocks to economic systems. The leaderboard reacted positively, rising about five percent this week.
As usual, there were some gaining more than others.
Xometry rose nearly twelve percent on relatively positive news from their latest financials, while rival Proto Labs also rose nine percent, again due to positive results. In fact, Proto Labs beat the estimates slightly, so I am surprised they were not even higher this week.
Aurora Labs, the small Australian manufacturer of metal powder bed laser 3D printers, rose almost 19% this week. There was no specific news this week from the company, but previously they announced a new program to produce metal micro gas turbine engines for military drones, including what seems to be a near-turnkey setup for customers. They also issued a report detailing their successes in the past year, including multiple contracts with the Australian military. This information seems to have caught the attention of investors.
One company that dropped this week, which is unusual due to the overall market rise, was Nano Dimension. They fell almost one percent in value. The company recently underwent a significant change in leadership — and strategy. Gone are the days of endless acquisitions of other 3D print companies, and instead they are focusing on making efficient use of their resources.
To that end, they announced that some of the acquired technologies, namely those from Admatec, DeepCube, Fabrica, and Formatec. This is in addition to their previous announcement of identifying strategic ways forward for the Desktop Metal acquistion. It’s quite disappointing to see the end of these technologies, although it is always possible Nano Dimension may sell them to others. On the other hand, Nano Dimension believes it has significant value with the Markforged assets, which include notable software and cloud services that could be leveraged with their other technologies.
One other company I want to discuss today is Steakholder Foods, which has been bouncing around the bottom of the leaderboard for quite some time. This company 3D prints edible steaks from organic material, and in the past had good reviews of their products.
The company has been dropping in value virtually every week since we started tracking them back in 2021. At that time the company value was near US$80M, and later reached US$108M. Today, the company’s value is less than US$3M, a drop of over 95%.
This is eerily similar to the pattern we’ve previously observed with several other companies. Companies that are no longer on the leaderboard. Steakholder Foods issued a statement in February indicating they were attempting to sell ADS (American Depositary Shares) in the US to a venture capital firm. However, they haven’t issued any information on whether that transaction completed. Steakholder Foods is a company to watch in the next while.
While no longer on the leaderboard, there has been a significant development at voxeljet. The German company had been on the leaderboard for several years until financial challenges forced them to depart some time ago. This week the company announced their restructuring plan failed to be approved by shareholders, placing them in a delicate spot. The company was then rescued by its major creditor, an “affiliate of Anzu”, which basically cancelled the company’s debt in exchange for control of the company. As part of this maneuver, the existing shareholders, who voted down the original plan, are removed:
“The restructuring plan also provides for a simplified reduction of the share capital of voxeljet AG to zero. The implementation will result in the exclusion of the current shareholders of voxeljet AG without compensation.”
Ouch!
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
Others In The Industry
While we’ve been following the public companies, don’t forget there are a number of private companies that don’t appear on any stock exchange. These privately-held companies likely have significant value, it’s just that we can’t know exactly what it is at any moment. The suspected bigger companies include EOS, Carbon and Formlabs.
Perhaps someday some of them will appear on our major players list.
Related Companies
Finally, there are a number of companies that are deeply engaged in the 3D print industry, but that activity is only a small slice of their operations. Thus it’s not fair to place them on the lists above because we don’t really know where their true 3D print activities lie.
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