Leaderboard: The Biggest Player in 3D Printing as of February 4, 2024


0

Which 3D print company is the biggest this week?

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.

Market capitalization, colloquially known as “market cap”, holds significant importance.

Often, people might contemplate whether it’s essential to keep an eye on these enterprise’s weekly performance, specifically those whose value only surfaces when their stocks get sold. Nonetheless, it’s crucial to understand that unforeseen incidents, both positive and adverse, often occur causing volatility in the company’s valuation. And that’s why this weekly chronicle exists, to keep track of such dynamic changes.

An important disclaimer to note – our list may not include all the large-scale 3D printing firms. Since some of these companies are privately held (like EOS), it’s impossible to verifiably calculate their actual size. Additionally, some companies, such as HP and Siemens, have extensive 3D printing departments but function as a part of even larger conglomerates. Therefore, deducing a precise size of their 3D printing operations becomes complex.

Let’s now examine the 3D printing companies included in this week’s list.

3D Printing Leaderboard

RANK COMPANY CAP CHG
1 Xometry 1,615 +150
2 Protolabs 950 -11
3 Stratasys 924 +2
4 3D Systems 642 -33
5 Nano Dimension 625 +23
6 Materialise 337 -8
7 Desktop Metal 201 -5
8 Markforged 129 -18
9 Velo3D 65 -8
10 Massivit 40 +9
11 FATHOM 30 -0
12 Titomic 19 -2
13 Freemelt 19 -1
14 Steakholder Foods 14 +2
15 Shapeways 13 -2
16 AML3D 12 -1
17 voxeljet 9 -1
18 Sygnis 5 +0
19 Aurora Labs 5 -1
20 Sigma Additive Solutions 2 -0
TOTAL 5,657 +96

3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]

This week saw lopsided results. While the overall market went up a percent or so, the leaderboard total rose almost two percent. However, this was almost entirely due to one company’s movement.

That company would be Xometry, the current board leader. The company rose over ten percent this week. There were no particular announcements causing this, but rather it is a continuation of their gradual recovery to previous levels. About a year ago their valuation fell precipitously, but since then they’ve continued to rise and remain at the top of the board.

Notwithstanding Xometry, Massivit and Steakholder Foods are two companies that performed admirably this week. Massivit, a large format 3D printing specialist based in Israel, just threw its 2023 financials into the ring. The war in Gaza didn’t seem to impede the company’s growth; they marked a 25% increase in their scale. This was well-received by investors, leading to a nearly 28% surge in the company’s valuation this week.

Steakholder Foods, a company that’s paving the way in 3D bioprinting realistic “steaks” using cultivated meat cells, also saw a gain. The purchase of over $6 million in American Depository Shares was announced by the company this week as a strategic move to attract US investors. Consequently, the company’s valuation climbed over twelve percent.

There were no dramatic shifts for most other businesses, they either retained the status quo or took a dip. The notable mentions among these are Velo3D and Markforged. The departure of Velo3D’s founder seems to have set off a domino effect, causing the company’s value to shrink by eleven percent. Markforged also slumped by twelve percent. As a result of its dwindling share price, the company has received warnings from the stock exchange and might have to merge shares to inflate the price. This is oftentimes associated with a lower valuation, consistent with what we’ve observed.

Closing this update, we direct our attention to the three companies that were part of takeover hijinks earlier in the year: 3D Systems, Nano Dimension, and Stratasys. There is currently an active bid from Nano Dimension to buy Stratasys.

Nano Dimension rose this week by almost four percent. This positions their evaluation just barely behind 3D Systems: only US$17M lower. It is entirely feasible that next week their valuation could surpass that of 3D Systems’.

Stratasys continues to be larger than either, boasting a 44% lead over 3D Systems.

Upcoming Changes

BigRep disclosed their intentions to go public through the SPAC approach, so we can expect to see them on the leaderboard soon.

One enterprise catching my eye recently is ICON, an establishment rooted in Texas specializing in 3D construction printing. Having attracted significant attention from investors, it has raised an astounding near half-billion dollars. It’s highly likely that discussions about transitioning toward public markets are in the works. Such a shift could potentially place them amongst the top contenders in our industry leaderboard.

A potential candidate for going public would be another industry player, VulcanForms. This firm boasts an advanced 3D metal printing process, currently holding a private valuation surpassing US$1B. Making a shift toward public markets could propel their valuation even higher.

For anyone out there privy to any other publicly traded 3D printing firms yet to make it on our leaderboard, we would love to learn about them!

Other Key Players in the Industry

While we’ve been following the public companies, don’t forget there are a number of private companies that aren’t listed on any stock exchange. These privately-held companies probably have high value, it’s just that we can’t ascertain exactly what it is at any moment. The suspected larger companies are EOS, Carbon and Formlabs.

Perhaps someday some of them will feature on our major players list.

Related Companies

Finally, there are a number of companies that are deeply immersed in the 3D print industry, but their involvement is only a minor part of their overall operations. Therefore, it’s not justifiable to place them on the lists above because we can’t really pinpoint their actual 3D print activities.

Original source

Source

“Why did the 3D printer go to therapy? Because it had too many layers of unresolved issues!”


Like it? Share with your friends!

0
GCode-Guru

Meet the mastermind behind NozzleNerds.com: GCode-Guru, a 3D printing wizard whose filament collection rivals their sock drawer. Here to demystify 3D tech with a mix of expert advice, epic fails, and espresso-fueled rants. If you've ever wondered how to print your way out of a paper bag (or into a new coffee cup), you're in the right place. Dive into the world of 3D printing with us—where the only thing more abundant than our prints is our sarcasm.

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format