The Leading Giants in 3D Printing as of January 14, 2024

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.

Simply put, “market cap” is rather significant.

Monitoring these businesses on a weekly basis might seem unnecessary since their worth is only realized when shares are sold. However, companies occasionally experience events that lead to their valuation fluctuating. This weekly post keeps track of such changes.

It’s worth noting that not every major 3D printing business is included in our list. For instance, we can’t determine the actual size of private 3D printing companies like EOS. Others, like HP or Siemens, have sizable 3D printing divisions but they form part of much larger entities, making their specific 3D printing operations indeterminate.

Now, let’s examine the 3D printing firms featured in this week’s list.

3D Printing Leaderboard

This week saw a four percent drop in the leaderboard total, which was quite contrary to the overall markets, which rose a percent or two. In particular, the tech-heavy NASDAQ rose 2.6%, and the 3D print companies tend to exaggerate that movement. However, this week things just all dropped, signaling the rising disconnect between the 3D printing industry and investors.

Leaderboard topper Xometry dropped almost eight percent, most likely due to profit taking after a spectacular rise in the past few weeks that saw the company in the first position.

Stratasys, a company currently facing several acquisition proposals, experienced a minor decline, which was less than the overall market average. Insight suggests that shareholders anticipate a more profitable outcome from the ongoing acquisition bids.

The company showing interest in acquiring Stratasys is Nano Dimension. Interestingly, Nano Dimension has dipped by more than three percent this week, exceeding the fall of Stratasys. The implications of this on Nano Dimension’s acquisition strategy remain unclear.

Previously, 3D Systems also expressed its interest in acquiring Stratasys, however, they have witnessed a tremendous eight percent fall this week. Even though they are not participating in the bidding this time, the difference between Stratasys and 3D Systems is visibly increasing. At the time of scripting this piece, Stratasys had grown to be 36% larger than 3D Systems.

After the exit of the founder and former CEO, Benny Buller, Velo3D continues to plummet. The past week saw nearly a ten percent fall in the valuation of the company.

Titomic experienced a nine percent decline, a drop I had certainly been expecting. The company has seen an unaccounted for ascent in valuation over recent times, and it now appears that someone has decided to trade the stock at its new high.

Foreseen Alterations

BigRep has unveiled their intention to make their company public through the SPAC method, meaning we may soon see them rise in the rankings.

An organization that has begun to catch my interest is ICON. This firm, located in Texas and specialising in construction 3D printer manufacturing, is privately owned. It has managed to collect an impressive near half a billion dollars in investments. Given this figure, it’s foreseeable that talks about moving to public trading could be in the near future. Such a transition would likely see them becoming a frontrunner in 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.

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.

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