Which 3D print company is the biggest this week? [Image by Stefan Keller from Pixabay]
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 to 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” holds significant importance.
It might seem unnecessary to track these companies weekly since their true value becomes apparent only when stocks are traded. Yet, sporadic events can rapidly alter a company’s market valuation, and these weekly updates aim to track such fluctuations.
It’s important to note that our compilation doesn’t encompass every major 3D printing entity. Some, such as EOS, aren’t publicly traded, which makes it tough to gauge their actual market size. Others, including HP and Siemens, operate extensive 3D printing segments that are part of broader conglomerates, obscuring the true scope of just their 3D printing operations.
Let us now explore the 3D printing companies featured in this week’s roundup.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Protolabs | 816 | +32 |
| 2 | Xometry | 727 | -22 |
| 3 | Stratasys | 631 | +27 |
| 4 | Nano Dimension | 573 | -29 |
| 5 | 3D Systems | 550 | +80 |
| 6 | Materialise | 300 | +5 |
| 7 | Desktop Metal | 162 | -23 |
| 8 | Markforged | 88 | +3 |
| 9 | Titomic | 61 | -1 |
| 10 | Velo3D | 42 | -2 |
| 11 | Massivit | 24 | -2 |
| 12 | Aurora Labs | 19 | +5 |
| 13 | AML3D | 18 | +2 |
| 14 | Steakholder Foods | 11 | -1 |
| 15 | Freemelt | 8 | -0 |
| 16 | Shapeways | 7 | +0 |
| 17 | Sygnis | 4 | -0 |
| TOTAL | 4,040 | +75 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw healthy rises, with our leaderboard jumping almost two percent in value. That’s a good change from previous weeks of doom, and beat the markets overall gains.
3D Systems experienced a significant jump of 17% in their stock value this week. The surge is evident from the dramatic chart changes. But what triggered this rise on June 4th?
On that date, 3D Systems unveiled details concerning their expansion plans in the dental sector. For a long time, the company has served the dental industry by offering various products and services. Their recent press release highlighted the introduction of new technology, materials, compliance with regulatory standards, and a well-defined strategy focused on the dental market.
The dental sector has proven lucrative for various 3D printing firms, with many steadily converging on this niche. 3D Systems, however, is intensifying its focus in this area, as evidenced by their announcement of a substantial deal worth nearly a quarter billion US dollars to manufacture dental aligners, a move that undoubtedly contributed to the rise in their market valuation this week.
Stratasys also saw an increase, albeit a smaller one at 4.5%. This rise was likely a corrective response following a rather tepid financial report the previous week. Although Stratasys launched a new program named “OpenAM” for their Fortus series, it was not anticipated to significantly impact the firm’s overall market value.
Nano Dimension experienced a nearly 5% decrease this week, likely due to the financial results announced on June 3, which indicated higher margins but declining revenues. The report also highlighted efforts to manage cash burn rates. Interestingly, this news was not well-received by investors, leading to a drop in the company’s valuation. However, like its counterpart Stratasys, there is potential for recovery next week.
AML3D saw an impressive 15% increase this week. The company has been gaining traction over the last few months as the industry recognizes the potential of its advanced metal 3D printing technology.
Similarly, Aurora Labs, another Australian firm specializing in metal 3D printing, saw its stock increase by 33% this week. This jump is attributed to advancements in finalizing the development of their large-scale metal printing technology.
Lastly, the narrative shifts to Desktop Metal, which saw its market value fall by over twelve percent this week. This decline was largely driven by the announcement of a reverse stock split on Friday.
In this process, shares will undergo a 10-1 consolidation on June 10th, effectively aiming to multiply the individual share price by a factor of ten. However, the market often reacts unpredictably to such moves. In anticipation, investors may reassess the stock’s worth downward. Such a strategy is often adopted when stock prices dwindle, as stock exchanges maintain minimum price requirements.
Upcoming Changes
BigRep has revealed its intentions to become a publicly traded company using the SPAC methodology, which means it will likely join the ranks of notable public entities soon.
Another entity capturing my attention is ICON, the Texas-based firm specializing in construction 3D printing. As a privately-owned entity, ICON has secured nearly half a billion in investments. With such substantial financial backing, it seems probable that discussions about going public could be forthcoming, potentially positioning it prominently in market standings.
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.
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.
Read More: Ranking the Titans of 3D Printing as of June 9, 2024 - 3D Printing News