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
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This week was a good one for 3D print companies, with the leaderboard total rising a very healthy five percent overall. Strangely, this didn’t follow the pattern of the markets in general, which were flat or slightly down this week.
The big news of the week was that Stratasys shareholders rejected the proposed merger with Desktop Metal in a special vote. This puts the company back to the drawing board as far as strategic acquisitions and mergers go.
In addition to Stratasys and Desktop Metal, 3D Systems and Nano Dimension have also been in play, both attempting to take over Stratasys in a series of rejected bids. With the elimination of the Desktop Metal merger possibility, what happened?
Stratasys leapt upwards almost ten percent this week, no doubt because shareholders saw more value in NOT proceeding with the Desktop Metal merger.
Desktop Metal was mostly flat this week, as it seems the market sees them proceeding as normal.
3D Systems was up almost nine percent, just behind Stratasys. However, as of this writing Stratasys remains 43% larger than 3D Systems. I still wonder who should be buying who in this struggle.
Nano Dimension, which had bowed out of the Stratasys takeover battle a few weeks ago, jumped upwards five percent. This was possibly partly due to the removal of the Desktop Metal merger, opening up a very slight possibility of them resuming their takeover efforts. In addition, the company announced a new venture into large language models, which could be quite interesting.
Velo3D had a strange up and down week. Their shares dropped abruptly in mid-week as the company announced some executive changes. However, by week’s end the company’s valuation recovered and kept going up, yielding a ten percent gain on the week.
FATHOM dropped seven percent this week, likely due to the implementation of their 20-to-1 reverse stock split. The company’s share value had plummeted so far that it fell below US$1, the minimum allowed on the stock exchange. To recover from this they combined shares. This was required, but was seen negatively by investors, apparently.
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.