5 Highly Profitable Tech Penny Stocks

Profitability is a key metric especially for tech penny stocks, where rough times can quickly lead to depressed sales and even bankruptcies.

SmallCapPower | July 5, 2016: With all the stock market volatility that has been occurring recently related to the recent Brexit vote, sales figures for technology companies are bound to be impacted. That being said, tech penny stocks, such as the ones on our list today, with high gross margins will likely overcome major obstacles simply due to their earnings power.

NYX Gaming Group Ltd. (CVE:NYX) – $2.28
Software

NYX Gaming Group Limited is a digital gaming software supplier engaged in the design, development, manufacture and distribution of digital gaming solutions for interactive, social and mobile gaming around the world. The Company provides a suite of gaming solutions, a distribution platform, full gaming process support services, brand and player management, and both Real Money Gaming (RMG) and social gaming products and services.

• Market Cap: 115,504,509
• Revenues: 61,127,080
• Total Debt: 71,763,280
• Gross Margin: 85%

ProntoForms Corp. (CVE:PFM) – $0.32
Software

ProntoForms Corporation is a Canada-based company that researches, develops and markets mobile business solutions. The Company operates through mobile computer software solutions segment. The ProntoForms Solution is a mobile workflow platform used by approximately 50,000 subscribers in over 3,500 businesses to collect and analyze field data with smartphones and tablets. The platform is a software as a service solution for mobilizing business processes.

• Market Cap: 29,771,111
• Revenues:10,180,760
• Total Debt: 790,680
• Gross Margin: 78%

Halogen Software Inc. (TSE:HGN) – $8.50
Software

Halogen Software Inc. (Halogen) is a Canada-based company, which is engaged in providing cloud-based talent management (TM) solutions. The Company provides industry specific configurations of its solutions for healthcare, professional services, financial services, manufacturing, education, public sector and hospitality.

• Market Cap: 215,285,203.21
• Revenues: 88,823,330
• Total Debt: 0
• Gross Margin: 74%

Symbility Solutions Inc. (CVE:SY) – $0.37
Software

Symbility Solutions Inc. is a Canada-based technology company focused on providing claims processing solutions for various sectors of the insurance industry.

• Market Cap: 114,570,744.63
• Revenues:29,401,000
• Total Debt:0
• Gross Margin: 71%

Espial Group Inc. (TSE:ESP) – $2.11
Software

Espial Group Inc. (Espial) designs and markets software solutions to enable the delivery of Internet protocol television (IPTV). The Company operates in computer software solutions segment. Its products allow communication service providers, including cable television (TV), satellite TV and telecommunications service providers to deploy IPTV services to their subscribers. It markets and develops TV Browser and TV Everywhere software solutions to consumer electronics manufacturers and telecommunications service providers.

• Market Cap: 78,810,404
• Revenues: 24,742,800
• Total Debt: 0
• Gross Margin: 70%

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