When people think about 3D printing companies, most often big name players such as 3D Systems (NYSE:DDD), Proto Labs (NYSE:PRLB), and Stratasys (NASDAQ:SSYS) are the first to come to mind, and understandably so.
Case in point, the three companies are worth $1.44 billion, $1.87 billion, and $1.15 billion respectively–for a grand total of $4.46 billion–and no doubt are massive influencers in the 3D printing sector, but there are smaller market cap companies that are making waves in the industry as well.
Overall, the global 3D printing sector is poised to reach $23.78 billion by 2025, a new report by Grand View Research states. While the 3D printing market in Canada is still relatively small, slowly but surely more and more companies are diving into this growing market. With that in mind, here’s a look at three publicly traded Canadian 3D printing stocks. While some of the companies listed below don’t necessarily make 3D printers, they are involved in manufacturing 3D printing materials in some form or another.
Graphene 3D Lab (TSXV:GGG)
Market cap: $13.49 million; current share price: $0.22
First on or Canadian 3D printing stocks list is Graphene 3D Lab, a company who operates in three main commercial divisions, including: R&D materials, materials for 3D printing, and industrial graphene-enhanced composites.
In terms of the company’s 3D printing division, it is focused on commercialization of 3D printing technologies, such as graphene-infused polymer filaments. Graphene 3D Lab entered the 3D printing market in 2015, when it made investments in production and equipment to expand its capabilities. Overall, Graphene 3D Lab markets it materials to a number of industries, including aerospace, medical prosthetics, a range of 3D printing materials, including filament fabrication.
In June, Graphene 3D Lab announced the release of the Graphene-HIPS 3D printing filament, which the release states is temperature and water resistant, making it an ideal product for outdoor projects.
Market cap: $75.01 million; current share price: $0.68
PyroGenesis designs, manufactures and commercializes advanced plasma processes, and provides engineering and manufacturing expertise to a number of industries, including metallurgical, mining, additive manufacturing–otherwise known as 3D printing–among others.
Relatively speaking, PyroGenesis is new to the 3D printing market. In October 2015, the company announced that it will produce speciality powders for the additive manufacturing industry with a focus on 3D printing, In March of this year, PyroGenesis stated that it had completed the assembly of its first powder production system, which the company stated was a “critical step” in achieving its goal to become a leading supplier to the additive manufacturing (3D printing) industry.
In June, PyroGenesis announced that it had created a new division called “PyroGenesis Additive” for the sole purpose of its additive manufacturing business line. A few months later, in October, the company announced the completion of ramp-up phase of its first plasma atomization system. By early December, PyroGenesis announced that it had signed a non-disclosure agreement with an aircraft engine manufacturer
Tinkerine Studios (TSXV:TTD)
Market cap: $2.22 million; current share price: $0.045
Third on our Canadian 3D printing stocks list is Tinkerine Studios.
Formerly known as White Bear Resources, Tinkerine Studios is Canada’s first pure-play 3D printing company to trade on a Canadian stock exchange. White Bear acquired Tinkerine Studios at the beginning of 2014–which was initially established in 2012–and began trading on the TSXV under the symbol TTD shortly after the acquisition. Tinkerine Studios designs and distributes 3D printers, software and other related content.
Its current product offerings include: DittoPro, its award winning 3D printer; Tinkerine Suite, the 3D printing software; Tinkerine Filament, its premium grade filament; and Tinerkine U, the company’s online educational platform on 3D printing knowledge and skills.
Tinkerine Studios also provides accessories, including Anti-Theft Security Cable, DittorPro Hotend, Glass Print Surface, Print Removal Knife, Print Surface Clips, Print Surface Tape, and Tinkerine Essentials Tool Kit.
While the list of Canadian 3D printing stocks–be it pure play companies or those who manufacture 3D printing materials–is somewhat short, the expected growth of the overall industry is nonetheless promising and it can be expected that the list of companies for investment opportunities will no doubt increase in the years to come.
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This is an update to an article originally published in 2017.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.