The small cap ASX tech sector has got the lot – artificial intelligenceblockchainSaaSdronesgamersInternet of Thingswearablestelecommunications. Oh my.

But since we last checked in on the tech kids, it’s been a rough two months. Of the 230-odd ASX tech stocks, only 46 have seen improvements in share price value since late October, while 162 have lost value. 

On an unweighted average, ASX tech stock shares have fallen 10 per cent over the past two months.

Some of this is undoubtedly due to global market conditions, which have hit tech stocks particularly hard.

Back home, the biggest winner in the past two months has actually been the beleaguered diversified telco Inabox Group (ASX:IAB).

The company was hit hard by a profit downgrade a little over a year ago, when it lost several customers from a business that it acquired. Its shares dove and it started to go on the lookout for solutions.

That answer has come in the form of a $34.5 million takeover offer by telco MNF Group (ASX:MNF) for the company’s operating subsidiaries.

It’s helped Inabox regain all of the value it lost in the past year, rising 105 per cent to 98.5c at close on Tuesday.

 

Inabox (ASX:IAB) shares have recovered all the value they lost in the past year.

Kids smartwatch maker MGM Wireless (ASX:MWR) is another on the winners’ list, having risen 63 per cent in the past two months to trade at $4.83 at close on Tuesday.

The company, which makes a smartwatch designed to keep kids safe by limiting access to the internet and social media, hit its highest point since 2017 earlier this month after signing a New Zealand distribution deal.

Spark, a $6.6 billion dollar telecommunications provider, is now stocking MGM’s “Spacetalk” smartwatch in its 73 New Zealand stores.

WhiteHawk (ASX:WHK) is another, up 33 per cent to 5.6c in the past two months, largely thanks to a deal with the United States government.

WhiteHawk is a cloud-based cyber security exchange platform that offers virtual consultations and in early November it became the US government’s latest cyber risk consultant.

It told investors it will provide a tailored version of its 360 Cyber Risk Framework service to various US government departments so they can beef up defences against attacks on their supply chains.

And 3D mapper Pointerra (ASX:3DP) has also been on the rise, in part because of two monthly subscriptions for data management in the emerging autonomous car sector it secured in October.

Pointerra makes cloud-based technology that manages the huge amounts of data contained in 3D files such as maps. It provides super-detailed mapping datasets without the need for high-performance computing.

One of the unnamed clients was described as “one of North America’s leading mobile mapping companies, which provides production mapping software for the Autonomous Driving industry”.

Down the other end of the scale, Dropsuite (ASX:DSE) is the biggest loser, dropping 73 per cent in the past two months to be trading at 3.4c at close on Tuesday.

The email backup provider Dropsuite had a huge fall in paying users, losing some 420,000.

It’s a big reversal of fortune for shareholders after DropSuite went on a huge run mid-year.

The stock climbed almost 500 per cent from 2.7c in May to a high of 16.2c in July on the back of higher customer numbers and cash receipts.

In July the stock jumped 40 per cent after it netted 100,000 new paid users over a three-week period thanks to an “extensive marketing campaign”.

Dropsuite had 750,000 paid users at the end of August — up from 189,000 in same period last year “driven by massive growth in email backup”.

But that number halved to 350,000 after a Latin America client “deactivated the backup service for an estimated 420,000 paid users … who were deemed as not actively utilising their email service”.

Tech bellwether stock Kogan.com (ASX:KGN) is also down 50 per cent to $2.86 as it tries superannuation and credit cards to arrest a slump.

This is a table of ASX-listed tech stocks and their share price changes over the past two months. Click headings to sort

ASX code Company name Market cap ($m) Nov 27 closing price Sept 27 closing price % change
IAB INABOX GROUP LTD 23,103,586 0.985 0.48 105
DTS DRAGONTAIL SYSTEMS LTD 59,520,000 0.235 0.14 68
FLN FREELANCER LTD 377,814,272 0.85 0.51 67
MWR MGM WIRELESS LTD 57,273,124 4.83 2.96 63
TMP TECH MPIRE LTD 11,635,435 0.08 0.0494 62
UBN URBANISE.COM LTD 30,029,900 0.046 0.029 59
ZYB ZYBER HOLDINGS LTD 9,110,636 0.014 0.009 56
FRX FLEXIROAM LTD 13,362,870 0.06 0.04 50
MYQ MYFIZIQ LTD 28,063,108 0.34 0.25 36
9SP 9 SPOKES INTERNATIONAL LTD 13,372,322 0.027 0.02 35
WHK WHITEHAWK LTD 5,672,237 0.056 0.042 33
AKP AUDIO PIXELS HOLDINGS LTD 452,300,864 16.1 12.35 30
KNM KNEOMEDIA LTD 21,086,598 0.034 0.027 26
RD1 REGISTRY DIRECT LTD 3,878,400 0.03 0.024 25
MOB MOBILICOM LTD/AUSTRALIA 21,327,418 0.093 0.075 24
3DP POINTERRA LTD 22,222,898 0.045 0.037 22
TZL TZ LTD 14,111,632 0.2 0.165 21
XPE XPED LTD 4,520,493 0.003 0.0025 20
REF REVERSE CORP LTD 2,878,678 0.031 0.026 19
MUA MITULA GROUP LTD 163,550,320 0.745 0.635 17
JAY JAYRIDE GROUP LTD 35,561,100 0.48 0.41 17
REV REAL ESTATE INVESTAR GROUP L 1,749,038 0.015 0.013 15
LVE LOVE GROUP GLOBAL LTD 4,031,411 0.098 0.085 15
TNY TINYBEANS GROUP PTY LTD 9,176,208 0.28 0.245 14
AER AEERIS LTD 3,342,873 0.059 0.052 13
SGO STREAM GROUP LTD 3,728,606 0.017 0.015 13
MYO MYOB GROUP LTD 2,008,727,424 3.42 3.02 13
NVO NVOI LTD 4,149,506 0.01 0.009 11
GOO GOOROO VENTURES LTD 5,201,271 0.06 0.055 9
MNW MINT PAYMENTS LTD 21,988,496 0.028 0.026 8
DSX DECIMAL SOFTWARE LTD 4,420,824 0.014 0.013 8
RXP RXP SERVICES LTD 78,132,136 0.495 0.46 8
OTW OVER THE WIRE HOLDINGS LTD 254,798,496 4.93 4.6 7
TNE TECHNOLOGY ONE LTD 1,776,990,976 5.94 5.56 7
NUH NUHEARA LTD 71,317,896 0.085 0.08 6
CT1 CCP TECHNOLOGIES LTD 6,557,090 0.017 0.016 6
WMC WONHE MULTIMEDIA COMMERCE LT 3,190,988 0.021 0.02 5
RHP RHIPE LTD 170,263,824 1.25 1.2 4
DTL DATA#3 LTD 235,581,680 1.53 1.47 4
SFI SPOOKFISH LTD 128,642,880 0.09 0.087 3
NET NETLINKZ LTD 35,765,520 0.031 0.03 3
VOC VOCUS GROUP LTD 2,053,470,592 3.365 3.3 2
SRH SAFEROADS HOLDINGS LTD 11,102,000 0.305 0.3 2
NTC NETCOMM WIRELESS LTD 108,284,128 0.73 0.72 1
TPW TEMPLE & WEBSTER GROUP LTD 128,825,712 1.15 1.135 1
MP1 MEGAPORT LTD 454,293,376 3.82 3.78 1
HIL HILLS LTD 41,757,396 0.18 0.18 0
BUD BUDDY PLATFORM LTD 115,063,192 0.105 0.105 0
ESV ESERVGLOBAL LTD 127,139,320 0.105 0.105 0
SEN SENETAS CORP LTD 118,944,312 0.105 0.105 0
SAS SKY AND SPACE GLOBAL LTD 114,448,224 0.062 0.062 0
CWL CHANT WEST HOLDINGS LTD 6,196,190 0.05 0.05 0
IOD IODM LTD 6,432,500 0.014 0.014 0
SCL SCHROLE GROUP LTD 8,839,183 0.014 0.014 0
RFN REFFIND LTD 4,124,000 0.008 0.008 0
TSN TRANSACTION SOLUTIONS INTERN 15,219,365 0.006 0.006 0
NOR NORWOOD SYSTEMS LTD 6,878,504 0.005 0.005 0
VPC VPCL LTD 4,523,385 0.004 0.004 0
S3R SERPENTINE TECHNOLOGIES LTD 2,166,288 0.003 0.003 0
CIO CONNECTED IO LTD 5,194,308 0.003 0.003 0
MTL MANALTO LTD 3,642,389 0.001 0.001 0
AYS AMAYSIM AUSTRALIA LTD 220,278,480 1.03 1.04 -1
CGL CITADEL GROUP LTD/THE 374,370,272 7.63 7.79 -2
HSN HANSEN TECHNOLOGIES LTD 662,098,880 3.39 3.47 -2
HOT HOTCOPPER HOLDINGS LTD 20,900,000 0.19 0.195 -3
ISD ISENTIA GROUP LTD 65,000,000 0.33 0.34 -3
EOL ENERGY ONE LTD 20,243,254 0.965 1 -4
APX APPEN LTD 1,353,306,752 13.48 14.04 -4
DWS DWS LTD 150,287,712 1.14 1.19 -4
ADJ ADSLOT LTD 64,260,284 0.045 0.047 -4
MOQ MOQ LTD 35,490,556 0.22 0.23 -4
CAT CATAPULT GROUP INTERNATIONAL 190,895,120 1.0125 1.06 -4
IP1 INTEGRATED PAYMENT TECHNOLOG 3,242,823 0.021 0.022 -5
BTH BIGTINCAN HOLDINGS LTD 69,868,832 0.31 0.325 -5
TPC TPC CONSOLIDATED LTD 11,235,613 1 1.05 -5
AB1 ANIMOCA BRANDS CORP LTD 55,348,468 0.089 0.094 -5
ST1 SPIRIT TELECOM LTD 42,868,024 0.175 0.185 -5
TTL TRANSCENDENCE TECHNOLOGIES L 2,779,531 0.017 0.018 -6
DDR DICKER DATA LTD 451,411,808 2.83 3 -6
MAQ MACQUARIE TELECOM GROUP LTD 455,654,624 21.6 22.99 -6
CL8 COLLABORATE CORP LTD 9,639,736 0.015 0.016 -6
FDV FRONTIER DIGITAL VENTURES LT 125,721,984 0.515 0.55 -6
DUB DUBBER CORP LTD 58,182,764 0.415 0.445 -7
KNO KNOSYS LTD 9,719,380 0.069 0.074 -7
FSG FIELD SOLUTIONS HOLDINGS LTD 11,610,389 0.027 0.029 -7
ICI ICANDY INTERACTIVE LTD 20,641,098 0.067 0.072 -7
RDF REDFLEX HOLDINGS LTD 63,842,832 0.425 0.46 -8
SM8 SMART MARINE SYSTEMS LTD 2,656,634 0.023 0.025 -8
BCT BLUECHIIP LTD 29,307,334 0.057 0.062 -8
DXN DATA EXCHANGE NETWORK LTD/TH 30,081,562 0.165 0.18 -8
DN8 DREAMSCAPE NETWORKS LTD 42,773,132 0.11 0.12 -8
ESH ESPORTS MOGUL ASIA PACIFIC L 27,923,594 0.021 0.023 -9
TLS TELSTRA CORP LTD 34,133,764,096 2.91 3.19 -9
CM8 CROWD MOBILE LTD 8,438,822 0.041 0.045 -9
NXT NEXTDC LTD 1,980,972,288 5.92 6.51 -9
ICU ISENTRIC LTD 3,673,101 0.02 0.022 -9
TOM TOMIZONE LTD 4,252,007 0.01 0.011 -9
SVT SERVTECH GLOBAL HOLDINGS LTD 2,133,740 0.01 0.011 -9
NCL NETCCENTRIC LTD 2,625,000 0.01 0.011 -9
CPU COMPUTERSHARE LTD 9,594,030,080 18.09 19.93 -9
ELO ELMO SOFTWARE LTD 370,990,976 5.45 6.01 -9
CGO CPT GLOBAL LIMITED 5,435,887 0.145 0.16 -9
ISX ISIGNTHIS LTD 150,600,048 0.145 0.16 -9
CDA CODAN LTD 528,497,344 2.91 3.22 -10
IFM INFOMEDIA LTD 356,334,432 1.1425 1.275 -10
NEA NEARMAP LTD 668,043,520 1.5075 1.685 -11
LNU LINIUS TECHNOLOGIES LTD 56,285,852 0.058 0.065 -11
HTA HUTCHISON TELECOMM (AUST) 1,628,701,056 0.12 0.135 -11
RUL RPMGLOBAL HOLDINGS LTD 128,566,128 0.595 0.67 -11
GBT GBST HOLDINGS LTD 113,074,328 1.685 1.9 -11
EGD EVANS & PARTNERS GLOBAL DISR 244,158,080 1.95 2.2 -11
8CO 8COMMON LTD 5,538,486 0.038 0.043 -12
OCL OBJECTIVE CORPORATION LTD 231,732,608 2.5 2.83 -12
BIQ BUILDINGIQ INC-CDI 10,965,848 0.044 0.05 -12
JAN JANISON EDUCATION GROUP LTD 54,454,492 0.39 0.445 -12
TPM TPG TELECOM LTD 7,014,255,104 7.54 8.61 -12
JCS JCURVE SOLUTIONS LTD 14,753,560 0.042 0.048 -13
CXZ CONNEXION MEDIA LTD 5,895,156 0.007 0.008 -13
LNK LINK ADMINISTRATION HOLDINGS 3,618,839,296 6.88 7.87 -13
REA REA GROUP LTD 9,885,188,096 75.1 86.73 -13
IRE IRESS LTD 1,880,600,448 11.05 12.77 -13
MNF MNF GROUP LTD 304,516,032 4.16 4.82 -14
BVS BRAVURA SOLUTIONS LTD 788,425,600 3.735 4.34 -14
PRO PROPHECY INTERNATIONAL HLDGS 23,683,620 0.37 0.43 -14
EVS ENVIROSUITE LTD 25,872,194 0.073 0.085 -14
RCL READCLOUD LTD 29,835,000 0.36 0.42 -14
MBM MOBECOM LTD 21,409,238 0.12 0.14 -14
IVO INVIGOR GROUP LTD 9,043,076 0.006 0.007 -14
TGO TRIMANTIUM GROWTHOPS LTD 105,512,256 0.95 1.11 -14
RKN RECKON LTD 80,439,328 0.71 0.83 -14
CL1 CLASS LTD 209,438,464 1.815 2.13 -15
CA8 COASSETS LTD 22,602,588 0.11 0.13 -15
CSV CSG LTD 72,590,328 0.16 0.19 -16
PIL PEPPERMINT INNOVATION LTD 15,801,319 0.016 0.019 -16
EPD EMPIRED LTD 75,259,784 0.45 0.535 -16
SHO SPORTSHERO LTD 31,931,592 0.13 0.155 -16
5GN 5G NETWORKS LTD/AUSTRALIA 20,945,620 0.41 0.49 -16
SYT SYNTONIC LTD 25,020,992 0.01 0.012 -17
CAR CARSALES.COM LTD 2,903,242,496 12.17 14.67 -17
AD1 APPLYDIRECT LTD 9,670,687 0.029 0.035 -17
CV1 CV CHECK LTD 14,375,646 0.053 0.064 -17
BID BIDENERGY LTD 81,474,512 0.12 0.145 -17
ESK ETHERSTACK PLC-CDI 24,012,342 0.215 0.26 -17
CVT COVATA LTD 14,711,110 0.019 0.023 -17
BRN BRAINCHIP HOLDINGS LTD 120,701,760 0.115 0.14 -18
COO CORUM GROUP LTD 8,197,363 0.032 0.039 -18
NOV NOVATTI GROUP LTD 31,501,666 0.205 0.25 -18
EN1 ENGAGE:BDR LTD 12,847,709 0.045 0.055 -18
SP3 SPECTUR LTD 9,696,471 0.2 0.245 -18
LVH LIVEHIRE LTD 125,313,080 0.48 0.59 -19
CLT CELLNET GROUP LTD 25,038,038 0.4 0.5 -20
FZO FAMILY ZONE CYBER SAFETY LTD 42,568,832 0.28 0.35 -20
SNS SENSEN NETWORKS LTD 48,133,760 0.12 0.15 -20
PPL PUREPROFILE LTD 12,049,563 0.1 0.125 -20
CNW CIRRUS NETWORKS HOLDINGS LTD 14,134,146 0.016 0.02 -20
WGL WANGLE TECHNOLOGIES LTD 4,155,777 0.002 0.0025 -20
MPW MSL SOLUTIONS LTD 46,111,060 0.175 0.22 -20
SDA SPEEDCAST INTERNATIONAL LTD 773,348,032 3.315 4.17 -21
RCW RIGHTCROWD LTD 44,486,880 0.31 0.39 -21
WEB WEBJET LTD 1,548,379,776 12 15.1823 -21
IAM INTIGER GROUP LTD 18,456,854 0.011 0.014 -21
ALU ALTIUM LTD 2,751,070,208 21.34 27.19 -22
AMO AMBERTECH LTD 4,433,111 0.145 0.185 -22
SMN STRUCTURAL MONITORING-CDI 101,508,144 0.885 1.13 -22
OLV OTHERLEVELS HOLDINGS LIMITED 7,821,559 0.028 0.036 -22
KYK KYCKR LTD 13,133,945 0.085 0.11 -23
IXU IXUP LTD 23,766,562 0.15 0.195 -23
ZIP ZIPTEL LTD 1,946,541 0.013 0.017 -24
WTC WISETECH GLOBAL LTD 4,927,772,672 17.01 22.26 -24
SLC SUPERLOOP LTD 395,472,160 1.69 2.22 -24
SW1 SWIFT NETWORKS GROUP LTD 30,328,226 0.255 0.335 -24
XRO XERO LTD 5,220,703,232 37.4 49.21 -24
RNT RENT.COM.AU LTD 12,053,305 0.051 0.068 -25
SRO SHAREROOT LTD 4,007,863 0.003 0.004 -25
TNT TESSERENT LTD 6,829,388 0.053 0.071 -25
DTI DTI GROUP LTD 11,197,776 0.052 0.07 -26
XTD XTD LTD 3,457,638 0.026 0.035 -26
AO1 ASSETOWL LTD 1,787,701 0.02 0.027 -26
SPZ SMART PARKING LTD 52,086,228 0.14 0.19 -26
OOK OOKAMI LTD 4,916,092 0.014 0.019 -26
AVA AVA RISK GROUP LTD 36,857,724 0.165 0.225 -27
YOJ YOJEE LTD 61,015,680 0.067 0.092 -27
SKF SKYFII LTD 44,693,996 0.145 0.2 -28
APT AFTERPAY TOUCH GROUP LTD 2,745,852,928 12.82 17.8 -28
FCT FIRSTWAVE CLOUD TECHNOLOGY L 37,260,312 0.165 0.23 -28
UNL UNITED NETWORKS LTD 1,887,374 0.015 0.021 -29
LVT LIVETILES LTD 217,871,024 0.385 0.54 -29
XF1 XREF LTD 76,885,280 0.46 0.65 -29
IRI INTEGRATED RESEARCH LTD 324,646,720 1.88 2.68 -30
DHG DOMAIN HOLDINGS AUSTRALIA LT 1,410,602,368 2.485 3.55 -30
KKL KOLLAKORN CORP LTD 1,468,029 0.007 0.01 -30
FGO FLAMINGO AI LTD 19,042,170 0.018 0.026 -31
RBL REDBUBBLE LTD 310,318,880 1.1 1.593 -31
AHL AHALIFE HOLDINGS LTD 6,723,607 0.011 0.016 -31
LAA LATAM AUTOS LTD 58,483,836 0.14 0.21 -33
RXH REWARDLE HOLDINGS LTD 2,015,154 0.004 0.006 -33
IBN IBUYNEW GROUP LTD 4,358,578 0.002 0.003 -33
ELS ELSIGHT LTD 53,697,616 0.56 0.845 -34
CCA CHANGE FINANCIAL LTD 6,593,958 0.076 0.115 -34
DCC DIGITALX LTD 31,158,150 0.061 0.094 -35
FTC FINTECH CHAIN LTD 33,189,248 0.051 0.08 -36
CRO CIRRALTO LTD 5,117,459 0.012 0.019 -37
IMS IMPELUS LTD 6,103,382 0.012 0.019 -37
TV2 TV2U INTERNATIONAL LTD 10,166,791 0.005 0.008 -38
GSW GETSWIFT LTD 75,409,728 0.395 0.635 -38
SIS SIMBLE SOLUTIONS LTD 9,189,102 0.089 0.145 -39
PPS PRAEMIUM LTD 285,480,192 0.68 1.11 -39
HT8 HARRIS TECHNOLOGY GROUP LTD 2,155,987 0.014 0.023 -39
WBT WEEBIT NANO LTD 44,178,412 0.027 0.045 -40
ICQ ICAR ASIA LTD 51,651,524 0.13 0.22 -41
K2F K2FLY LTD 11,333,089 0.17 0.29 -41
INP INCENTIAPAY LTD 18,711,848 0.08 0.14 -43
NNW 99 WUXIAN LTD-CDI 81,177,792 0.068 0.12 -43
QFY QUANTIFY TECHNOLOGY HOLDINGS 8,774,916 0.009 0.0168 -47
CCG COMMSCHOICE GROUP LTD 6,638,784 0.061 0.12 -49
KGN KOGAN.COM LTD 288,621,056 2.86 5.72 -50
QTG Q TECHNOLOGY GROUP LTD 924,346 0.02 0.04 -50
THD THRED LTD 5,368,173 0.002 0.004 -50
IOT IOT GROUP LTD 1,679,598 0.001 0.002 -50
PCH PROPERTY CONNECT HOLDINGS 1,382,226 0.001 0.002 -50
IHR INTELLIHR HOLDINGS LTD 10,536,680 0.091 0.2 -55
ADA ADACEL TECHNOLOGIES LTD 52,196,364 0.65 1.74 -63
DSE DROPSUITE LTD 15,367,910 0.034 0.125 -73