8 small caps that are leading the way as ASX quarterlies roll in
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The ASX quarterly earnings season is currently in full swing.
With so many releases every day, it’s easy for investors to miss what’s been happening, let alone identify winners from the losers.
Stockhead has summarised a list of 8 small caps that did particularly well last week, according to their quarterly results.
Note the returns shown on the table reflect the return seen on the particular day the results were released, in order to isolate them from any other news that might affect the share price.
You can sort the table by toggling on the menu headings.
VTI is a medical device company based in the US, and the producer of NaturalVue Multifocal 1 Day contact lenses.The company reported a record Q1 FY21 shipments to US eye care professionals of US$1.71 million. This represented an increase of 25 per cent over the prior quarter.
The company has recently completed a $23.3 million capital raising through a placement and share purchase plan (SPP) to target break-even cashflow. Its share price rose by 14 per cent on the day of the announcement.
Spacetalk is a wearable device company, and the maker of the Spacetalk Adventurer – a 4G mobile smartwatch for children.
It reported a solid Q3 FY21 this week, in which it delivered a record revenue of $3.9 million, an increase of 110 per cent on the previous corresponding period (pcp).
The company has just inked a partnership with Telstra to sell its Adventurer kids devices across all Telstra stores and online channels in Australia.
It has also recently expanded its retail distribution of Adventurer to Harvey Norman, Officeworks, and Kogan, following a successful exclusive launch with JB Hi-Fi for Christmas 2020.
Spacetalk’s share price rose by 12.5 per cent on the day the quarterly results were announced.
The asset finance company recorded a solid Q3 FY21, delivering NPAT of $4 million for the quarter, compared to $1.6 million for the previous corresponding quarter. COG was able to achieve the feat despite Q3 normally being its softest quarter.
COG is Australia’s largest equipment finance broking company, with an estimated 17% market share of broker originated asset finance. It’s also a provider of non-prime commercial financing to SMEs, through its subsidiary Westlawn Finance Limited.
The company’s share price jumped 10 per cent on the day the results were released.
The company reported a March quarter operating cash loss of EUR 548,000, on revenues of EUR 2.8 million. However, it said that March quarter’s cash outflow was a record low, as it progresses towards breakeven.
OneView’s share price jumped almost 10 per cent following the announcement, and has seen its share price increase from 5c at the start of the year to 38c today.
Cannabis play Cronos has had a fantastic Q3, with revenues exceeding Q2 by 143 per cent. Year to date revenue is also approaching $1 million.
Sales of its Adaya medicinal cannabis product were up by more than 200% over the previous quarter.
The Adaya range, which currently contains five medicinal cannabis oil products, is to be expanded with the addition of Australian grown high-THC flower products in response to growing patient demand.
Cronos’s share price rose by 8 per cent right after announcing its results.
The Perth-based telco reported a 112 per cent increase in its quarterly receipts to $2.9 million for the period Q3 FY21.
Pentanet was the first company to bring the GeForce NOW games to Australia. GeForce NOW is essentially a streaming library of computer games developed by American tech multinational, NVIDIA, that allows people to play games over the internet.
The company says that more than 35,000 gamers have signed up in Australia since its launching in March.
The company also recently secured a 15-year licence for high-band 5G spectrum in 26 GHz ACMA auction, which will enable it to accelerate its 5G internet offering in Perth.
Its share price rose by 7 per cent on the day the quarterly result was announceed.
CogState is a company that focuses on the commercialisation of digital brain assessments. Its Q3 FY21 revenue increased by 40 per cent compared to the previous corresponding quarter, to $8.8 million.
The company makes most of its revenue by signing pharmaceutical and biotechnology companies, and providing them with CogState’s technologies for use in clinical trials.
Its technology was developed over 20 years, and has been scientifically validated and approved by regulators.
CosGate’s share price rose by almost 6 per cent after the quarterly results were announced.
The freelancing jobs marketplace delivered an all-time record gross payment volume of US$192.9.million, up by 18.8 per cent on pcp, as the work from home gig economy gained pace during the pandemic lockdowns.
The Freelancer.com website ranks at number #561 in the world’s most popular websites as reported by Alexa Rank. The company says that its web traffic users were up 51 per cent in FY20 to 81 million, and page views were up 95 per cent on pcp to 1.2 billion.
Freelancer’s stock price rose by more than 5 per cent right after the announcement was released.