Small-cap technology stocks are known for burning investors’ money and being unprofitable for a number of quarters. These types of equities are usually attractive for risk-seeking investors who side with a company that chooses to allocate its primary efforts towards building a large client base, before exploiting it for profit. Thus, the Canadian small cap technology stocks on our list today have stood out by becoming profitable recently.
Axia NetMedia Corp. (TSX: AXX) – $3.16
IT Services & Consulting
Axia NetMedia Corporation is a Canada-based company that owns, operates and sells services over fiber optic communications infrastructure. Axia focuses on delivering affordable digital transport services, which allows its customers to choose the Web services that meet their needs. It provides a Next Generation Network (NGN) as a network, which implements the Axia NGN Solution and over which the Company provides NGN Transport Services, including Real Broadband services.
- Market Cap: $202,357,714
- Net Income (LFQ): $1,121,000.00
- Net Income (FQ-1): -$159,000.00
- Price Change (1 year): 21.2%
Sierra Wireless Inc. (SW.TO) – $30.69
Communications & Networking
Sierra Wireless, Inc. is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The Company develops and markets a range of wireless products that include embedded modules and embedded software for Original Equipment Manufacturers (OEMs), gateways and routers for industrial, commercial and public safety applications, and a cloud-based platform for delivering device management and enabling end-to-end applications.
- Market Cap: $1,084,661,301
- Net Income (LFQ): $5,091,331.60
- Net Income (FQ-1): -$12,245,795.80
- Price Change (1 year): 31.5%
Wanted Technologies Corp. (TSXV: WAN) – $1.05
IT Services & Consulting
WANTED Technologies Corporation is engaged in the provision of real-time data analytics. The Company offers WANTED Analytics, which enables recruiting organizations make decisions with real-time business intelligence on jobs, employers and talent. WANTED Analytics offers its services to clients in the staffing, human resource (HR), recruitment process outsourcing (RPO), media and government sectors, to find sales leads, analyze employment trends, gather competitive intelligence, forecast economic conditions and source hard-to-fill positions.
- Market Cap: $26,240,054
- Net Income (LFQ): $239,940.00
- Net Income (FQ-1): -$124,190.00
- Price Change (1 year): -12.5%
WiLan Inc. (TSX: WIN) – $2.70
Communications & Networking
Wi-LAN Inc. (WiLAN) is an intellectual property licensing company that develops, acquires, licenses and enforces a range of patented technologies that are utilized in products in the communications and consumer electronics markets. The Company also manages intellectual property and licenses the patented technologies to corporations. Wi-LAN Inc., through its wholly-owned subsidiary WiLAN Labs, develops technologies related to 4G broadband wireless networks. These solutions optimize the deployment of mobile networks at a time when demand for bandwidth-intensive multimedia data traffic is high.
- Market Cap: $330,849,104
- Net Income (LFQ): $13,687,637.80
- Net Income (FQ-1): -$6,035,998.80
- Price Change (1 year): -29.6%
