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, carries significant importance.
One may think that there’s no need to keep a weekly check on these companies as their value only becomes evident when stocks are sold. However, occasional events happen to companies that cause their value to either rise or fall, and this weekly post is where we document such instances.
It’s important to note that our list here doesn’t cover all major 3D print companies. Some 3D print companies aren’t publicly traded, thus, we can’t get an official figure of their actual size, such as EOS. Others, like HP or Siemens, have huge 3D printing divisions, but they are part of much larger businesses making it difficult to determine the actual size of their 3D printing operations.
Let’s observe the 3D printing companies included in this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Protolabs | 920 | +25 |
| 2 | Xometry | 820 | -15 |
| 3 | Stratasys | 810 | -17 |
| 4 | Nano Dimension | 617 | -75 |
| 5 | 3D Systems | 592 | +8 |
| 6 | Materialise | 312 | +19 |
| 7 | Desktop Metal | 290 | +44 |
| 8 | Markforged | 167 | +14 |
| 9 | Velo3D | 115 | -23 |
| 10 | Massivit | 42 | -2 |
| 11 | Titomic | 41 | +12 |
| 12 | FATHOM | 32 | +0 |
| 13 | Freemelt | 18 | +6 |
| 14 | Steakholder Foods | 16 | -0 |
| 15 | Shapeways | 13 | +1 |
| 16 | AML3D | 11 | +0 |
| 17 | voxeljet | 6 | 0 |
| 18 | Aurora Labs | 6 | -0 |
| 19 | Sygnis | 5 | -1 |
| TOTAL | 4,832 | -3 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw a basically flat week for the leaderboard, but with several very notable ups and downs among the participants.
On the positive side, we have Freemelt, the Swedish maker of a metal 3D printing system. Recently the company has strategically moved into the production space from prototyping, opening up many commercial possibilities.
That seems to be paying off, as the company announced a major deal with Saab Dynamics for defense applications. This announcement more than likely fired up investors significantly, as the company’s valuation popped this week by almost 55%. That’s quite significant, and the company subsequently held an extraordinary meeting to issue new shares. It seems this company is set for growth.
Another riser this week was Titomic, the Australian manufacturer of a metal 3D printer. This company’s stock price has been incredibly volatile in past months, with absolutely staggering rises — and falls. The volatility was such that the Australian exchange formally asked the company for an explanation — twice! In both cases, the answer was “we don’t know.”
Regardless of how and why it’s happening, Titomic’s valuation is much larger than it was last year. This week it rose by almost 39%, another huge jump. However, they did announce the sale of ten systems to the Royal Netherlands Army. Ten systems might not sound like a lot, but for expensive metal 3D printers that’s quite a large sale. This may be part of the reason for the jump this week.
Desktop metal rose 18% this week, with news of a program for dentists that allows for easy sign-up and adoption of 3D print technology. The program appears to work much like a manufacturing network, except that it has dental labs doing the printing instead of manufacturers. This certainly deepens the company’s push into the dental market and clearly was a hit with investors.
On the opposing part of the ledger, we see Nano Dimension which saw an eleven percent decrease this week. This decrease is intriguing, especially as they had earlier reported record revenues and remarkable organic growth. Nevertheless, the valuation of Nano Dimension appears to be linked to their ventures with Stratasys and 3D Systems the previous year, making it uncertain what could be transpiring.
After weeks of consistent increase, Velo3D experienced a 16% decrease this week. This company is well-known for its volatility in valuation, a pattern that appears to have resurfaced.
Upcoming Modifications
BigRep disclosed its intentions to become a public entity through the SPAC pathway, which indicates we should see them on the leaderboard soon.
One company I’m intrigued by is ICON, a 3D construction printer maker based in Texas. This privately-funded company has procured nearly half a billion dollars in funding. It’s plausible they’re considering transitioning to public trading. If this is the case, they’re likely to be a high-ranking member of our leaderboard.
VulcanForms is another company that, logically, should consider going public. They’re a manufacturing service that utilises sophisticated metal 3D printing technology. They currently have a private valuation exceeding US$1B, which could potentially raise even higher if they decide to go public.
The company voxeljet could potentially depart from our leaderboard since it has announced its intention to delist from the stock market due to financial struggles.
If you’re aware of any other public 3D printing companies that deserve a spot 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
Ultimately, there exists a multitude of businesses that greatly participate in the 3D printing sector, however this involvement represents only a tiny section of their overall functions. Therefore, it’s not justifiable to include them in the aforementioned lists, because we cannot accurately identify their actual 3D printing roles.
Read More: Exploring the Giants of 3D Printing as of March 31, 2024 - 3D Printing News