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 | Xometry | $6,716 | +1348 |
| 2 | Farsoon | $3,759 | +478 |
| 3 | Bright Laser | $3,215 | +116 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $1,591 | -57 |
| 6 | Creality | $1,279 | -241 |
| 7 | Stratasys | $561 | -31 |
| 8 | Materialise | $428 | +4 |
| 9 | 3D Systems | $295 | -167 |
| 10 | Velo3D | $180 | -31 |
| 11 | Titomic | $107 | -1 |
| 12 | 6K Additive | $86 | -4 |
| 13 | AML3D | $40 | -5 |
| 14 | Aurora Labs | $21 | +1 |
| 15 | Massivit | $7 | -1 |
| 16 | Sygnis | $6 | +0 |
| 17 | Freemelt | $4 | -2 |
| 18 | Steakholder Foods | $0 | +0 |
| TOTAL | $20,753 | +1406 |
This week saw western markets generally fall this week, with the tech-heavy NASDAQ falling almost four percent! Most of that was fallout from the finally-over US election, where the needle of governance shifted in a way that investors felt would not be as good for their companies. Meanwhile, the Shanghai index was actually up a full percent.
This extraordinary week in the stock market had a number of big winners (and the opposite) on our leaderboard.
The clear winner was most definitely Xometry, which rose a whopping 25%. That’s extraordinary for the company at the top of the leaderboard. They reported record revenue, which was up an astonishing 40% over the previous year. They had many other good financial signals, including a 43% gain in their marketplace revenue, profit almost hitting US$100M, etc. Investors rewarded the company accordingly.
I believe they are now the highest valuation company we’ve ever had on the leaderboard. Their gain this week alone was more than the value of two thirds of the leaderboard companies, to put it in perspective.
Farsoon also came out quite well, gaining 15% this week. That’s after several weeks of declining valuations. It seems that this was the result of very good financial reports, which showed their revenue (+28%) and profit (+34%) were both up sharply, the conclusion of a substantial shareholder selling off their shares, and finally the company’s chair suggesting a stock buyback. That all combined to drive up a very good week for Farsoon.
But that’s about it for the good news.
3D Systems valuation fell a huge 36% this week. While the company announced quite reasonable financial results, they also announced a strange deal involving convertible notes that were due in 2030. These were traded in for 2031 notes, along with some cash and shares. Investors seemed to view this as a strong negative signal, triggering the sell off and valuation drop.
Velo3D fell 15%, but as usual, there was no particular reason for this, as far as I can tell. Velo3D is often volatile, and that includes this week.
Creality fell 16% this week, even though the Hong Kong Exchange made out quite well. There was no particular news for this, but it seems that the drop this week coincided with a major block of shares being sold, and their K3 announcement. It could be that investors were “selling the news”, or in other words getting out when the hype was highest.
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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