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
|Sigma Additive Solutions
This week saw very good market conditions, with the market indices rising between one to three percent. The 3D companies on the leaderboard exaggerated this effect with a combined jump of a massive five percent. Great news!
Xometry rose sharply, up 14% over the week. This is certainly the result of positive financials released the other week. Xometry demonstrated consistent growth, and also shows investor confidence in the contract manufacturing industry powered by 3D printing technology. Xometry now sits at the top of the leaderboard once again, a spot they held for some time earlier this year.
3D Systems also grew eleven percent this week, showing continued confidence in their cost cutting plans. I suspect the upward movement may also have something to do with lingering effects of their ill-fated attempt to take over Stratasys, which bent everyone’s stock price in strange directions.
As for Stratays, they remain ahead of 3D Systems, but only barely: eight percent. This is quite the catchup for 3D Systems, which surprisingly dipped far below Stratasys’ valuation during the height of the takeover rumors.
Markforged suffered a notable loss in value this week, to the tune of ten percent. This is due to poor financials, which showed both revenue and margin were down from last year. In addition, the company’s stock price has dropped below the threshold for the stock exchange, which has put the company on notice. This will necessitate Markforged performing a reverse stock split to raise the stock price back to proper levels. All that news is not particularly positive, so investors acted accordingly.
Finally, AML3D rose another 20% this week, most likely due to continuing news from the company about new contracts with major buyers. They seem to be quite successful in attracting business to their metal 3D printing technology, and investors seem to be recognizing that.
BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
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.
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.