Shareholders are selling everything but COVID-19 connected stocks. And tech companies are starting to become the latest beneficiaries, with many saying they haven’t seen a drop-off in demand and others saying they are witnessing greater demand for their services.

Joel Camissar, a regional director at cyber security firm McAfee, told Stockhead cyber security was more important than ever now that many employees are working remotely.

He believes the broader infrastructure-as-a-service (IaaS) market will be $74.1bn by 2022.

 

Small cap spotlight

But despite the increased demand for tech services, over the last fortnight the sector has lost 27 per cent. On a yearly basis it has retreated by 33 per cent.

Here are all the ASX small cap tech stocks and their performance in the past fortnight:

Swipe or scroll to reveal the full table. Click headings to sort

Code Name Price (I) 2 Week Return 1 Year Return Market Cap
FGO FLAMINGO AI LTD 0.0015 50 -81 $ 1,680,191.50
ESK ETHERSTACK PLC-CDI 0.2 8 -26 $ 22,698,352.00
RCL READCLOUD LTD 0.32 3 23 $ 31,329,778.00
TCN TECHNICHE LTD 0.036 3 6 $ 7,585,896.00
HWH HOUSTON WE HAVE LTD 0.02 0 -87 $ 5,155,154.50
QFY QUANTIFY TECHNOLOGY HOLDINGS 0.002 0 -75 $ 3,885,099.50
SYT SYNTONIC LTD 0.001 0 -88 $ 6,944,565.50
DTI DTI GROUP LTD 0.02 0 -52 $ 6,699,531.00
CSV CSG LTD 0.3075 0 98
CWL CHANT WEST HOLDINGS LTD 0.1 0 72 $ 12,682,780.00
XPE XPED LTD 0.001 0 -50 $ 1,756,830.75
HSC HOMESTAY CARE LTD 0.004 0 -81 $ 6,701,545.50
AO1 ASSETOWL LTD 0.005 0 -23 $ 1,506,104.00
NVU NANOVEU LTD 0.037 0 -61 $ 4,903,617.50
IAM INTIGER GROUP LTD 0.001 0 -80 $ 1,677,895.88
RFN REFFIND LTD 0.0025 0 -58 $ 2,558,146.50
CIO CONNECTED IO LTD 0.002 0 -20 $ 4,815,164.00
ID8 IDENTITII LTD -2 -54 $ 16,083,046.00
LVE LOVE GROUP GLOBAL LTD 0.041 -2 -66 $ 1,661,900.88
FTC FINTECH CHAIN LTD 0.075 -5 92 $ 48,807,720.00
SP3 SPECTUR LTD 0.07 -7 -46 $ 5,294,314.50
VR1 VECTION TECHNOLOGIES LTD 0.018 -10 -5 $ 11,829,090.00
DSE DROPSUITE LTD 0.036 -10 6 $ 20,232,294.00
SEN SENETAS CORP LTD 0.044 -10 -33 $ 47,610,164.00
TZL TZ LTD 0.06 -12 -76 $ 5,503,536.50
DTS DRAGONTAIL SYSTEMS LTD 0.086 -12 -57 $ 21,403,974.00
CLT CELLNET GROUP LTD 0.14 -13 -42 $ 8,763,313.00
ELS ELSIGHT LTD 0.27 -13 -43 $ 28,415,502.00
AVA AVA RISK GROUP LTD 0.1 -13 -29 $ 23,411,556.00
XF1 XREF LTD 0.18 -14 -67 $ 32,050,036.00
SRH SAFEROADS HOLDINGS LTD 0.15 -14 -56 $ 5,460,000.00
RCW RIGHTCROWD LTD 0.22 -15 -33 $ 43,843,164.00
JAN JANISON EDUCATION GROUP LTD 0.34 -15 -8 $ 61,761,952.00
K2F K2FLY LTD 0.165 -15 38 $ 13,689,938.00
JCS JCURVE SOLUTIONS LTD 0.027 -16 0 $ 8,852,136.00
CXZ CONNEXION TELEMATICS LTD 0.016 -16 45 $ 13,810,642.00
RHP RHIPE LTD 1.47 -16 -17 $ 205,969,552.00
KYK KYCKR LTD 0.05 -17 0 $ 11,735,306.00
EPD EMPIRED LTD 0.3 -17 -29 $ 47,977,224.00
UBN URBANISE.COM LTD 0.04 -17 8 $ 29,509,908.00
CV1 CV CHECK LTD 0.075 -18 1 $ 21,914,826.00
PYG PAYGROUP LTD 0.57 -18 -21 $ 39,269,584.00
WSP WHISPIR LTD 0.98 -18 $ 101,659,656.00
HYD HYDRIX LTD 0.13 -19 -32 $ 10,350,894.00
DTZ DOTZ NANO LTD 0.045 -20 -48 $ 13,313,351.00
WBT WEEBIT NANO LTD 0.28 -20 -25 $ 20,303,566.00
BCC BEAM COMMUNICATIONS HOLDINGS 0.2 -20 18 $ 10,574,690.00
ODA ORCODA LTD 0.16 -20 45 $ 18,566,166.00
RLG ROOLIFE GROUP LTD 0.019 -21 -66 $ 6,471,804.50
SM8 SMART MARINE SYSTEMS LTD 0.072 -21 190 $ 24,152,090.00
TGO TRIMANTIUM GROWTHOPS LTD 0.079 -21 -84 $ 10,977,613.00
3DP POINTERRA LTD 0.026 -21 -32 $ 14,851,801.00
RKN RECKON LTD 0.55 -21 -9 $ 62,312,156.00
OPL OPYL LTD 0.068 -22 -55 $ 2,012,256.13
QFE QUICKFEE LTD 0.19 -22 $ 28,975,086.00
RUL RPMGLOBAL HOLDINGS LTD 0.75 -23 36 $ 168,016,512.00
FZO FAMILY ZONE CYBER SAFETY LTD 0.085 -23 -56 $ 20,483,570.00
SLX SILEX SYSTEMS LTD 0.235 -23 -13 $ 40,600,324.00
IS3 I SYNERGY GROUP LIMITED 0.1 -23 -53 $ 18,326,808.00
MPW MSL SOLUTIONS LTD 0.05 -23 -55 $ 16,112,908.00
CGO CPT GLOBAL LIMITED 0.215 -23 25 $ 8,232,146.00
VLT VAULT INTELLIGENCE LTD 0.13 -24 -19 $ 16,639,613.00
NVX NOVONIX LTD 0.265 -24 -58 $ 34,641,180.00
DWS DWS LTD 0.69 -25 -34 $ 90,963,616.00
SF1 STEMIFY LTD 0.015 -25 -92 $ 2,354,586.50
SMX SECURITY MATTERS LTD 0.28 -25 -48 $ 34,915,224.00
ISD ISENTIA GROUP LTD 0.16 -26 -26 $ 32,000,000.00
DTC DAMSTRA HOLDINGS LTD 0.77 -26 -45 $ 107,401,576.00
AR9 ARCHTIS LTD 0.06 -26 -40 $ 7,385,819.00
EOL ENERGY ONE LTD 2.25 -26 81 $ 49,966,448.00
RDF REDFLEX HOLDINGS LTD 0.42 -26 -24 $ 63,437,900.00
COO CORUM GROUP LTD 0.05 -26 85 $ 20,128,380.00
PVS PIVOTAL SYSTEMS CORP INC-CDI 1.11 -26 -26 $ 126,089,688.00
360 LIFE360 INC-CDI 1.96 -27 $ 287,090,976.00
CAG CAPE RANGE LTD 0.325 -28 -73 $ 27,188,948.00
SIS SIMBLE SOLUTIONS LTD 0.01 -29 -88 $ 1,693,444.13
SCL SCHROLE GROUP LTD 0.01 -29 -9 $ 8,924,797.00
RDY READYTECH HOLDINGS LTD 1.2 -29 $ 96,006,440.00
SPZ SMART PARKING LTD 0.12 -29 0 $ 43,105,844.00
APV APPSVILLAGE AUSTRALIA LTD 0.13 -30 $ 9,965,639.00
LVH LIVEHIRE LTD 0.14 -30 -79 $ 42,332,988.00
PPS PRAEMIUM LTD 0.24 -30 -58 $ 98,032,168.00
DXN DXN LTD 0.027 -31 -53 $ 12,299,115.00
OTW OVER THE WIRE HOLDINGS LTD 2.25 -31 -55 $ 116,189,848.00
BCT BLUECHIIP LTD 0.063 -32 -32 $ 37,362,000.00
9SP 9 SPOKES INTERNATIONAL LTD 0.013 -32 -64 $ 15,802,273.00
CCG COMMSCHOICE GROUP LTD 0.041 -32 -59 $ 7,847,082.50
CNW CIRRUS NETWORKS HOLDINGS LTD 0.017 -32 -60 $ 15,017,530.00
NET NETLINKZ LTD 0.046 -32 59 $ 92,496,760.00
SE1 SENSERA LTD 0.006 -33 -95 $ 1,932,750.38
VOR VORTIV LTD 0.004 -33 -50 $ 11,156,721.00
IP1 INTEGRATED PAYMENT TECHNOLOG 0.004 -33 -81 $ 1,235,361.25
HIL HILLS LTD 0.2 -33 18 $ 46,397,104.00
JXT JAXSTA LTD 0.05 -33 -77 $ 12,359,516.00
MYQ MYFIZIQ LTD 0.12 -33 -60 $ 13,012,319.00
TNT TESSERENT LTD 0.043 -34 -31 $ 20,020,242.00
ADA ADACEL TECHNOLOGIES LTD 0.4 -34 -50 $ 30,499,736.00
TYM TYMLEZ GROUP LTD 0.021 -34 -92 $ 3,103,456.75
MOQ MOQ LTD 0.15 -35 -12 $ 26,619,546.00
TBL TAMBLA LTD 0.24 -35 -40 $ 4,753,515.00
LNU LINIUS TECHNOLOGIES LTD 0.011 -35 -76 $ 12,963,623.00
ELO ELMO SOFTWARE LTD 4.8 -35 -16 $ 361,097,824.00
RXP RXP SERVICES LTD 0.24 -36 -46 $ 38,663,324.00
8CO 8COMMON LTD 0.048 -36 12 $ 8,780,022.00
BIQ BUILDINGIQ INC-CDI 0.007 -36 -84 $ 2,615,710.75
KNO KNOSYS LTD 0.04 -37 -25 $ 5,953,423.00
BRN BRAINCHIP HOLDINGS LTD 0.031 -37 -45 $ 41,458,644.00
FCT FIRSTWAVE CLOUD TECHNOLOGY L 0.098 -37 -70 $ 30,971,590.00
AMO AMBERTECH LTD 0.055 -37 -54 $ 4,205,024.50
MOB MOBILICOM LTD/AUSTRALIA 0.055 -37 -32 $ 14,186,519.00
BID BIDENERGY LTD 0.48 -38 -51 $ 62,744,380.00
SNS SENSEN NETWORKS LTD 0.068 -38 -35 $ 30,412,054.00
CL1 CLASS LTD 0.97 -38 -39 $ 119,075,656.00
IOD IODM LTD 0.08 -38 150 $ 44,211,112.00
NOR NORWOOD SYSTEMS LTD 0.026 -40 -13 $ 5,938,619.50
4DS 4DS MEMORY LTD 0.032 -40 -56 $ 36,449,424.00
CRO CIRRALTO LTD 0.003 -40 -67 $ 2,470,080.25
PRZ PARAZERO LTD -40 -66 $ 4,581,915.50
GSW GETSWIFT LTD 0.295 -40 55 $ 55,622,048.00
IXU IXUP LTD 0.03 -41 -70 $ 6,678,921.00
WZR WISR LTD 0.088 -41 17 $ 84,950,184.00
WJA WAMEJA LTD 0.07 -42 -42 $ 84,759,544.00
CCA CHANGE FINANCIAL LTD 0.07 -42 27 $ 7,199,054.00
MME MONEYME LTD 0.88 -42 $ 149,107,200.00
SMN STRUCTURAL MONITORING-CDI 0.37 -42 -58 $ 43,095,020.00
NOV NOVATTI GROUP LTD 0.1 -43 -58 $ 16,731,731.00
KTE K2 ENERGY LTD 0.004 -43 -43 $ 1,202,628.63
MNW MINT PAYMENTS LTD 0.008 -43 -65 $ 7,283,840.50
IHR INTELLIHR LTD 0.04 -43 -64 $ 7,736,313.00
SBW SHEKEL BRAINWEIGH LTD 0.09 -44 -61 $ 12,510,000.00
SPT SPLITIT PAYMENTS LTD 0.275 -44 -81 $ 85,671,616.00
NUH NUHEARA LTD 0.014 -44 -79 $ 15,150,944.00
BLG BLUGLASS LTD 0.033 -44 -83 $ 13,823,933.00
OLV OTHERLEVELS HOLDINGS LIMITED 0.005 -44 -72 $ 1,417,672.75
EVS ENVIROSUITE LTD 0.083 -45 -51 $ 84,513,344.00
DUB DUBBER CORP LTD 0.525 -45 -43 $ 100,401,240.00
NTO NITRO SOFTWARE LTD 0.88 -46 $ 166,257,520.00
CT1 CCP TECHNOLOGIES LTD 0.015 -46 93 $ 17,062,756.00
ARQ ARQ GROUP LTD 0.08 -48 -96 $ 9,770,490.00
CAT CATAPULT GROUP INTERNATIONAL 0.66 -49 -20 $ 125,990,776.00
PRO PROPHECY INTERNATIONAL HLDGS 0.39 -49 60 $ 24,963,816.00
DCC DIGITALX LTD 0.012 -50 -76 $ 7,267,542.50
ADJ ADSLOT LTD 0.01 -50 -74 $ 18,440,062.00
SKF SKYFII LTD 0.079 -51 -56 $ 27,142,536.00
MNY MONEY3 CORP LTD 1.21 -51 -35 $ 223,948,608.00
CPT CIPHERPOINT LTD 0.028 -52 -91 $ 1,099,857.63
LVT LIVETILES LTD 0.12 -52 -72 $ 108,266,872.00
BTH BIGTINCAN HOLDINGS LTD 0.365 -53 -15 $ 112,822,784.00
YOJ YOJEE LTD 0.017 -53 -79 $ 16,716,835.00
SZL SEZZLE INC-CDI 0.7 -53 $ 139,234,592.00
PGL PROSPA GROUP LTD 0.75 -59 $ 121,012,824.00
CGL CITADEL GROUP LTD/THE 1.55 -60 -79 $ 87,890,792.00
BUD BUDDY TECHNOLOGIES LTD 0.008 -67 -90 $ 19,060,064.00

 

One substantial gainer was AI play Flamingo AI (ASX:FGO), which is up 50 per cent in the past two weeks.

Another winner is edtech Readcloud (ASX:RCL). The company has a platform for e-textbooks and while it has not commented specifically on the coronavirus situation, it previously said it expected growth this year.

Some stocks had major news in the last fortnight but were unable to escape the downward drag of the market.

Despite Italy going into lockdown, virtual reality player Vection Technologies (ASX:VR1), which counts the European country as a major market, said it was pretty much business as usual.

Managing director Gianmarco Biagi said virtual reality could help in these challenging times where firms had no other choice but to operate remotely.

“We believe that the use of real-time technologies such as virtual and augmented reality have the potential to ensure collaboration between people staying at home,” he said.

De.Mem (ASX:DEM) witnessed solid growth last year in demand for its water filtration tech and now it’s getting into hand sanitisers using the very same technology.

One particularly hit sub-sector are credit providers, from SME lenders to buy now, pay later stocks. It has been speculated that the crisis will lead to slower growth in new customers and an increase in bad debt from existing customers.

Personal lender Wisr (ASX:WZR) has dropped over 80 per cent but it says its loan book is still rising.

Even former market darling Afterpay (ASX:APT) has plunged by over 75 per cent. But yesterday CEO Anthony Eisen wrote to shareholders reminding them of the company’s liquidity position and reassuring them that Afterpay is well positioned to manage any losses well before they become a threat to the company.

READ MORE: 
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