Financial and investing news magazine Forbes just released its annual America’s Best Small Companies list and 3D Systems took the 43rd spot on the coveted business index. This is the second time that Forbes has shown 3DS some love because back in July they were ranked 13th on their Most Innovative Growth Company in 2014.
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Forbes has been one of the most trusted and prolific finance publications in the country since it was founded nearly a century ago. In addition to the bi-weekly magazine, the website and recurring segments on cable news and talk radio Forbes is known primarily for its series of lists. The America’s Best Small Companies list profiles the one hundred top publically traded companies in the US with sales under 1 billion dollars. Rank is based on stock performance, earnings growth, sales growth and return on equity between a one to five year period.
While it’s not unheard of, ending up on two high-profile small company lists isn’t especially common. This past July when 3DS was placed on the Most Innovative Growth Companies list, with a market capitalization under $10 billion, Forbes was singling out companies that its judges to be growing due to innovation and forward thinking business tactics. The list is compiled primarily using a proprietary formula from global investment rating company Credit Suisse HOLT based on investors confidence in the company and their belief that it’s continued innovations will contribute to further profitable growth.
“It is a tremendous tribute to everyone at 3DS to be named as one of America’s Best Small Companies in 2014 by Forbes, after being recognized by the publication for our innovative growth potential earlier this year,” said President and CEO of 3DS Avi Reichental. “These accolades reflect the unified commitment of our global team, the strong fundamentals of our business, and our ability to deliver long-term value to our customers by offering the most comprehensive portfolio of 3D products and services available today.”
While the shine is starting to wear off of Forbes lately and their growing financial woes have lead to them fleeing their iconic New York building for New Jersey, ironically due to the financial crisis that they contributed to, they still hold a lot of sway with many investors, who use the various Forbes lists as starting points to explore new companies and products that could be added to their portfolios. A 3D printing company landing on not one but two Forbes lists is a pretty good sign that 3D printing is starting to be taken seriously by the country’s investing establishment. If you owned some 3DS stock you’re probably going to be in a very good mood this week.
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