Bargain Barrel: Could one of these sub-$20m market cap tech stocks be a diamond in the rough?
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There’re over 100 tech stocks listed on the ASX, so how can investors hope to find a forgotten ‘bottom-of-the-drawer’ stock that could be due a re-rate?
The odd tech player is moving the needle in their corner of the market, but they can be hard to find.
Especially when the categories of technology and hardware, and software and services are quite vague.
Currently, there are 39 tech stocks on Stockhead’s list with a market cap under $20m that could be worth checking out.
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
Market Cap: $4m
Appsvillage allows companies to create and manage their own mobile application to connect with customers and grow their business.
And in this COVID world you can see the value for small businesses in lockdown to use this kind of tech – especially when no code-writing knowledge is required.
During Q2 21, the company launched its AdRabbit online advertising platform which allows SMBs to design, build and launch campaigns instantly on social media (Facebook, Google, TikTok) from their mobile.
And the company is expanding – it just secured US$500,000 for its proposed listing on the Toronto Stock Exchange.
Market cap: $4m
Real estate platform Assetowl just announced this week the signing of its first Victorian agency onto its Pirsee property inspection platform.
It’s quite the milestone because Victoria is the country’s second largest rental market – with around 645,000 private rental households.
Assetowl says Pirsee is the only product available on-market today which allows property managers to direct inspections remotely through a video call, whilst also being able to capture high resolution photos and review them in real time.
“Whilst these challenging times mean that our remote inspection capability has received considerable attention, in the longer term we expect to see Pirsee winning market share due to its full suite of market leading features and functionality,” CEO Geoff Goldsmith said.
Market Cap: $8m
The company launched its AI-based clinical trial recruitment platform – Opin – last financial year and saw a 24% increase in sales revenue during the period.
Not bad when its focus was pivoting into the digital health space.
Basically, Opin matches eligible patients to clinical trials and studies around the world and has unlocked new revenue streams for the company within the Australian clinical trial sector.
Opyl charges a fee to research organisations conducting trials to unlock matched and qualified patients in Opin’s patient database who have self-selected an interest in trials for specific diseases or conditions.
Market Cap: $8m
The drones-as-a-service provider has just completed the acquisition of Perth-based provider of aerial and terrestrial surveying services, Arvista Pty Ltd, in a merger that immediately provides the group with a blue-chip Australian client base in the enterprise mining and agricultural sectors.
Plus, the company recently signed its first contract conducting beyond visual line of sight (BVLOS) flight trials with the Civil Aviation Safety Authority (CASA) that showcases its ability to fly drones safely over people with the patented ParaZero safety systems.
“This type of technology will catapult the drone industry into its next era through uses such as urban deliveries and entertainment,” CEO Christopher Clark said.
Market cap: $15m
Last month the cybersecurity and smart communication solutions provider for drones, robotics and autonomous platforms launched a world-first AI-based 360-degree cybersecurity suite for drones and robots.
The ICE cybersecurity solution can prevent and respond to multiple drone/robotics cyber-attacks in real-time without requiring intervention by an operator.
It protects against more than 10 different types of cyber breaches and malicious attacks including jamming and will be offered as an add-on software licensing module.
The company says the cloud and cybersecurity offering enables it to target recurring revenues from software licensing and support services within a large and growing addressable market and will serve as a significant growth engine in the coming years.
Market Cap: $11m
Smart home automation services provider Zimi announced a $300,000+ device order from new integration partner, Polyaire, last month.
Essentially, by integrating with Zimi’s technology, Polyaire’s customers will be able to control their heating, ventilation, and air conditioning (HVAC) and home appliances through a single system.
The company is confident that smart home automation has ‘come of age’ and that everyone from builders to developers, electricians, wholesalers, architects, engineers, and homeowners all want the benefits of automation – a simpler more flexible lived environment, better safety and reduced energy costs, and a home that is future proofed.
At Stockhead we tell it like it is. While Opyl is a Stockhead advertiser, it did not sponsor this article.