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
|20||Sigma Additive Solutions||11||0|
This week saw pretty lousy results. While some markets were mostly flat, tech stocks suffered quite badly this week due to fears of inflation, global events and more. As is customary, 3D print stocks took these trends in an exaggerated fashion.
Overall the leaderboard’s total dropped three quarters of a billion dollars, over seven percent. Most companies tracked suffered minor losses of 1-6 percent, with a few tanking “extra” hits.
One of them was first place Xometry, which dropped over eleven percent in value, which corresponds to US$305M. That amount is greater than the value of all but eight other companies on the leaderboard, to put it in perspective. There was no particular news from Xometry to trigger this drop, but the company has been steadily rising for quite some time.
My suspicion is that some investors holding the high-flying Xometry stock decided to take some profits while the stock is high and before it dips too low from general market fears. It wasn’t a big deal because Xometry is still far and away the first position on the leaderboard, with a value that is still more than the next two companies combined.
Another company losing value this week was Velo3D. This is quite an interesting company: they have tremendously interesting technology that is ready to explode in several industries. In spite of that promise, investors seem to have been cool on the company for unknown reasons for some time. However, in recent weeks the stock finally began rising. But then it dropped over 14% in value this week. Why? I suspect it’s the same reason as Xometry’s drop: investors taking profits in a market they see as shaky, from a company that’s recently seen a rise. In addition, Velo3D is to announce their quarterly results on November 8th, and perhaps some investors feared bad results and wanted their money out early in case that possibility occurred. However, there is no indication Velo3D will present bad results, and it’s very possible they may post excellent results.
Finally, Aurora Labs saw a big rise of 16%. The Australian company that’s working on a large-scale metal 3D printing process did not post any particular news items that might have caused this rise. However, as a small-cap company, volatility is expected.
A company set to appear was Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ. However, that deal has been suspended so we’re wondering what the company’s next steps might be.
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.