Forget Blackberry, Check Out These 5 High-Growth Canadian Tech Stocks

Tech is the Fastest Growing Industry in Canada, and Analysts Expect Y/Y Revenue Growth of 15%+ For Our Picks

SmallCapPower | March 21, 2017: In this article, we examine Canadian-listed technology companies that analysts expect to continue their double-digit sales growth. From new contracts to innovative patents and technologies, the stocks on our list will benefit from recurring revenues and the potential for exponential sales increases and returns for shareholders.

Win Big With Our Small Cap Picks


BSM Technologies Inc (TSX:GPS) – $1.52
IT Services & Consulting

BSM Technologies Inc. is a Canada-based company that provides remote monitoring, fleet and asset management, fleet diagnostic, driver compliance and automatic vehicle location solutions. As an end-to-end service provider, the Company offers hardware and sofware solutions to its customers. The Company provides real-time, web-based management and tracking for service-based businesses of all sizes, including enterprise fleet assets, along with a range of solutions for commercial and government organizations managing and operating large fleets and seeking to enhance customer service, manage the security of their drivers and vehicles, and lower business costs.

  • Market Cap: $125.8 million
  • Revenue (FY0, Default): 59.0 million
  • Expected Y/Y Revenue Growth (FY1): 19%
  • Revenue Growth (Historical 3 year): 45.4%

Novadaq Technologies Inc (TSX:NDQ) – $10.43
Advanced Medical Equipment & Technology

Novadaq Technologies Inc. is a medical device company that primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed. The Company’s segment is medical devices. The Company’s SPY fluorescence imaging technology platform (SPY Fluorescence Imaging) provides clinically relevant anatomic and physiologic images of blood flow in vessels and micro-vessels during a range of surgical and outpatient procedures performed in the operating room or clinic.

  • Market Cap: $599.2 million
  • Revenue (FY0, Default):107.5 million
  • Expected Y/Y Revenue Growth (FY1): 24%
  • Revenue Growth (Historical 3 year): 40.1%

ProntoForms Corp (TSXV:PFM) – $0.38

ProntoForms Corporation is a Canada-based company, which 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 Company markets its solutions to energy (utilities, gas and oil), field services and facility management industries.

  • Market Cap: $35.5 million
  • Revenue (FY0, Default): $9,192,290.00 million
  • Expected Y/Y Revenue Growth (FY1): 66%
  • Revenue Growth (Historical 3 year): 39.3%

Avigilon Corp (TSX:AVO) – $15.35
Communications & Networking

Avigilon Corp is a provider of business intelligence and security solutions. The Company designs, manufactures and markets video surveillance and access control software and equipment for the global security market. Its security solutions are installed at school campuses, transportation systems, healthcare centers, public venues, prisons, factories, casinos, airports, financial institutions, government facilities and retailers. It offers security product solutions, including high definition Internet protocol (HD IP) cameras, network video recorders (NVR), analog video encoders, Avigilon control center (ACC), Avigilon access control manager (ACM) and RIALTO analytics appliance..

  • Market Cap: $669.2 million
  • Revenue (FY0, Default): $474.9 million
  • Expected Y/Y Revenue Growth (FY1): 15%
  • Revenue Growth (Historical 3 year): 34.8%

Espial Group Inc (TSX:ESP) – $2.58

Espial Group Inc. (Espial) designs and markets software solutions to enable the delivery of Internet protocol television (IPTV). Its products allow communication service providers, including cable television, 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. It has presence in Europe, Asia Pacific and North America.

  • Market Cap: $94.4 million
  • Revenue (FY0, Default): $28.6 million
  • Expected Y/Y Revenue Growth (FY1): 41%
  • Revenue Growth (Historical 3 year): 31.7%