Which 3D print company is the biggest this week? [Source: 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 expected to publish their financial reports, as well as have a presence on stock markets. From there, we can determine the total value of their company by multiplying the current share price by the quantity of shares in circulation. This figure is known as the market capitalization, and it reflects the company’s current valuation.
Market capitalization is a useful measurement for comparing companies since it can assist the company in expanding its capabilities. For instance, shares could be used as security for a loan. Such tactics could generate money that the company could use to finance new ventures.
In other words, “market cap”, as it is commonly referred to, is quite significant.
One might presume that it’s not crucial to keep an eye on these companies every week, since their value is only recognized when their stocks are sold. But there are events that happen to companies from time to time that cause their value to fluctuate, and this weekly post is where we monitor such occurrences.
Do keep in mind that our list does not contain all major 3D printing companies. Unfortunately, not all 3D printing companies are publicly traded, hence we cannot definitively determine their actual size, for instance EOS. There are others too, like HP or Siemens, which have substantial 3D printing divisions, but these are part of much larger enterprises and we cannot determine the actual size of their 3D printing operations.
Now, let’s examine the 3D printing companies featured in this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Protolabs | 894 | +19 |
| 2 | Xometry | 836 | +38 |
| 3 | Stratasys | 827 | -3 |
| 4 | Nano Dimension | 691 | -38 |
| 5 | 3D Systems | 584 | -23 |
| 6 | Materialise | 292 | -4 |
| 7 | Desktop Metal | 246 | +36 |
| 8 | Markforged | 153 | +3 |
| 9 | Velo3D | 138 | +25 |
| 10 | Massivit | 43 | +1 |
| 11 | FATHOM | 31 | +2 |
| 12 | Titomic | 30 | +3 |
| 13 | Steakholder Foods | 16 | -0 |
| 14 | Shapeways | 12 | +1 |
| 15 | Freemelt | 11 | -2 |
| 16 | AML3D | 11 | +0 |
| 17 | Aurora Labs | 6 | +1 |
| 18 | voxeljet | 6 | +2 |
| 19 | Sygnis | 6 | -0 |
| TOTAL | 4,835 | +62 |
This week was mostly flat, with the leaderboard tweaking upwards just over one percent. That’s not much, but better than the catastrophic losses of recent weeks.
Velo3D rose an amazing 23% this week. This continues a trend that’s been evident with the company for the past several weeks. This may have something to do with the installation of a new CEO — it could also be a continuation of Velo3D’s highly volatile valuation patterns.
Desktop Metal’s stock saw a rise of 17% this week, triggered by the announcement of a new dental subscription service. This spike could be attributed to investors turning their focus to the potentially lucrative dental sector, where 3D printing companies have witnessed significant success. Moreover, Desktop Metal’s continuous attempts to penetrate this market might also be fueling this upswing. Another possible reason could be a gradual recovery from the valuation drop post a failed merger attempt with Stratasys last year.
Although Xometry’s stock rose by 5%, it still is not as remarkable considering their significant drop in value at the end of February. Despite a 5% rise sounding promising, the company’s valuation is still much lower than it was a few weeks ago. However, this small boost did catapult Xometry to the second place on the leaderboard.
The Australian company, Titomic, observed a peculiar 10% surge in their valuation this week. This is part of a series of unexplainable fluctuations in their stock price. Even the company’s management appears clueless about the exact reason behind these unpredictable market movements.
At the bottom of the leaderboard is voxeljet, which recently expressed its plans to pull out from public trading. Facing severe financial constraints, this decision doesn’t come as a surprise. In the coming weeks, the company is likely to vanish from the leaderboard.
Reflecting on the three amigos, Nano Dimension, 3D Systems and Stratasys, they found themselves in a fierce corporate conflict in the recent past where the only result was a dramatic swing in valuations. As we unfold events of this week, we find Stratasys still leading, having around 20% edge over Nano Dimension. In a close race, Nano Dimension stands to be approximately 18% bigger than 3D Systems this week.
Anticipated Developments
BigRep has recently declared plans of going public through the SPAC route, predicting their imminent appearance on the leaderboard.
My keen interest has been drawn towards ICON, a construction 3D printer manufacturer based out of Texas. This privately-held firm has been accumulating significant investment almost nearing half a billion dollars. Given the hefty investment, it is likely that they would opt for transitioning to public markets at some stage, which could land them at or very close to the top of our leaderboard.
Another firm that might make sense to go public is VulcanForms. This is a manufacturing service that utilises a sophisticated metal 3D printing technique. They’re presently privately valued at over US$1B, and going public could even increase that value.
voxeljet is likely to drop from our leaderboard as the company has announced their intention to withdraw from the stock market because of financial issues.
If there are other 3D printing companies that are publicly traded and should be added to our leaderboard, let us know!
Others In The Industry
While we’ve been tracking the progress of public companies, there is an array of private firms that do not make their presence known on any stock exchange. Despite being privately-owned, these companies are assumed to hold considerable value, though, it’s unclear precisely what that value is. Larger private enterprises such as EOS, Carbon and Formlabs are part of this elusive group.
One day, we might just witness some of them rise to prominence and join our list of significant players.
Related Companies
In conclusion, numerous companies are actively involved in the 3D printing industry, albeit this involvement constitutes only a small segment of their overall operations. As such, it wouldn’t be appropriate to categorize them alongside the companies mentioned above because their true 3D printing activities remain relatively unknown.
Read More: The Biggest Player in 3D Printing as of March 24, 2024 - 3D Printing News