Top Players in the 3D Printing Industry as of December 24, 2023


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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.

In simpler terms, “market cap” holds a significant importance.

One might consider it insignificant to keep a check on these firms weekly since their worth is realized only when stocks are sold. Nonetheless, certain events can lead to either an increase or decrease in their value. Hence, we keep a tab on such instances in our weekly posts.

It’s important to note that our list does not comprise every influential 3D printing firm. This is due to the fact that not every 3D printing company is publicly traded, rendering us incapable of knowing their exact size, EOS, for instance. Additionally, companies like HP or Siemens have large 3D printing units, yet are part of bigger corporations which makes it further challenging to gauge the true size of their 3D printing undertakings.

Let’s now examine the 3D printing companies that have made it to this week’s list.

3D Printing Leaderboard

RANK COMPANY CAP CHG
1 Xometry 1,567 +208
2 Protolabs 1,014 +39
3 Stratasys 907 +34
4 3D Systems 829 -27
5 Nano Dimension 608 +3
6 Materialise 397 +15
7 Desktop Metal 246 +8
8 Markforged 143 +4
9 Velo3D 115 +1
10 FATHOM 30 -1
11 Massivit 31 +2
12 Titomic 23 -3
13 Freemelt 18 -1
14 AML3D 15 +0
15 Steakholder Foods 14 -1
16 Shapeways 14 +0
17 voxeljet 11 -0
18 Aurora Labs 5 -1
19 Sygnis 5 +0
20 Sigma Additive Solutions 2 -0
TOTAL 5,994 +282

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

This week saw notable gains once again, with the leaderboard leaping upwards by almost five percent. While most markets rose by less than a percent, it seems that investors looked on the 3D companies favorably. On the other hand, it could be a bit of a recovery after some pretty damaging drops throughout the year.

On yet another hand, most of this week’s gains were focused on one company, and that would be Xometry. The company has been at the top of the leaderboard for a couple of weeks now, and even a slight movement is noticeable.

This week they surged by 15%, accounting for more than US$200M of the US$282M increase in this week’s leaderboard total. Indeed, Xometry is the main source of this week’s growth.

While Xometry didn’t release any specific official news to catalyze this movement, I surmise that the firm is still in a recovery phase following a sudden drop earlier in the year. Currently, they have a US$500M padding separating them from the second-place holder, Protolabs.

This week saw a twelve percent decline for Titomic, which on first glance might appear substantial. However, the firm’s valuation has unaccountably rocketed by more than 100% in the recent weeks. This abrupt surge even garnered formal inquiries from the Australian Stock Exchange. However, the company didn’t offer any explanations. This week’s “mere” twelve percent fall in valuation is presumably due to those cashing in on the unexpected surge in value.

In the end, the competition between Stratasys and 3D Systems continues to be close. This week, Stratasys maintained a slightly higher valuation, and the gap somewhat widened. Stratasys added nearly four percent, while 3D Systems registered a three percent decline.

Why the difference? There might be a correlation with an atypical declaration made by Stratasys. It appears the particular shareholder rights framework they created amidst the climax of the takeover drama earlier this year was due to expire. This declaration initiates a new series of rights created to thwart any aggressive takeovers.

In basic terms, it means that should any individual or party acquire more than 15% of the company’s shares, a set of regulations are put into action. Among various rules, it gives existing shareholders the option to purchase additional shares at a minimal cost, and compels the potential buyer to engage directly with the Stratasys board of directors. Some might label this as a “poison pill” to deter undesirable takeovers.

Investors might have noticed this declaration and subsequently granted Stratasys an increase in value this week.

The question remains, why would Stratasys introduce these new regulations? The conjecture is that they anticipate more unwelcome takeover bids in the coming future.

Right on cue, Nano Dimension announced a new campaign to buy out Stratasys shares. More details to follow on Monday.

Upcoming Changes

BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.

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 firm that may logically choose to go public is VulcanForms, a manufacturing firm that utilizes advanced metal 3D printing techniques. Currently, they hold a private valuation of over US$1B, a figure that could increase if they decide to go public.

Do you know of other publicly-traded 3D printing firms that should be included on our leaderboard? Please inform us!

Others in The Industry

While following public companies, don’t overlook the numerous private companies that are not listed on any stock exchange. Although these privately-owned firms may hold substantial value, there’s no way to accurately determine their worth at any given time. Companies like EOS, Carbon, and Formlabs are suspected to be among the larger ones.

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.

Original source

Source

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


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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.

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