Three Trendy Facts About Tech Stocks - CV1, IS3, ADJ, IOD

  • Sep 02, 2019 AEST
  • Team Kalkine
Three Trendy Facts About Tech Stocks - CV1, IS3, ADJ, IOD

Technology stocks are of those companies that are engaged in research, development and distribution of technology in the form of goods and services. Companies providing hardware, software and gadgets like smartphones in addition to apps, cloud-based computing, e-commerce, among others, belong to the sector.

Technology stocks remain popular amongst investors, as they provide a much better return to investors. As technology continues to get advanced, the sector expands, thus directly impacting the company’s stock.

Some of the Trending Technologies are:

  • Artificial Intelligence
  • Blockchain
  • SaaS
  • Machine Learning
  • Data Science
  • IoT
  • Streaming Media Services
  • Internet
  • Cloud Computing
  • Cyber Security
  • Semiconductors and Chip Making
  • Drone
Three Trending Facts about Technology Stocks:
  • The technology in which stocks deal is the most important component in their future growth. Technology is the asset of these stocks.
  • Technology stocks are volatile in nature and can be risky. The rate of change in the tech industry is high, thus impacting the stocks. So before making an investment into any technology, one should do a thorough study of that stock and its technology.
  • Technology stocks, generally, have high R&D costs.

In this article, we would be discussing four technology stocks and the technology that they use. Let us have a look at their recent updates along with their stock performance.

CV Check Ltd

CV Check Ltd (ASX: CV1), headquartered in Osborne Park, Western Australia, is a provider of online global screening as well as verification services. The company conducts 300,000+ verification checks per year for individuals, private sector and public sector.

Technology Used: In 2006, CV1 launched its information-screening platform. Since then, the company has continued to develop technologically advanced services in Australia and New Zealand. The company is completely dedicated towards providing services related to the verification and sharing of personal as well as professional information.

FY2019 Results: On 30 August 2019, CV1 updated the market with preliminary final report for the one-year period ended 30 June 2019. During the period, the company’s revenue declined by 1% to $12.36 million. Moreover, the company incurred a significant loss of $1.09 million during the period.

CV1 reported an increase in its net assets from $4.2 million in FY2018 to $4.86 million in FY2019, as a result of a significant increase in total assets. During the period, the company’s net cash inflow through operating activities was $245,509 and through financing activities was $1.26 million. The net cash inflow increased from operating and financing activities as compared to FY2018. In investing activities, the net cash outflow increased from $598,672 in FY2018 to $813,570 in FY2019.

By the end of FY2019, its net cash and cash equivalents increased by $695,981. The position of cash and cash equivalents by the end of FY2019 was $3.12 million.

Stock Performance: The shares of CV1 have generated an excellent YTD return of 180%. The opening price of the share of CV1 was A$0.130 on 02 September 2019, while it was trading at a price of A$0.125 on 02 Sep 2019 (AEST 01:36 PM), down by 10.714% of A$0.015 as compared to its previous closing price. CV1 has a market cap of A$40.89 million and ~ 292.1 million outstanding shares.

I Synergy Group Limited

Based in West Perth, I Synergy Group Limited or iSYNERGY (ASX: IS3) is a leading provider of affiliate marketing solutions, catered towards advertisers and affiliates. iSYNERGY helps in connecting advertisers with affiliates through its affiliate marketing platform in order to offer them with performance-based affiliate marketing solutions for improving product and brand awareness and driving business leads.

Technology: IS3 uses Affiliate Junction, which is its proprietary affiliate marketing platform, for promoting the products and brands of advertisers and their affiliates.

1H FY2019 Results: On 30 August 2019, IS3 released its half-yearly results for the half-year ended 30 June 2019. During the period, the company reported a 21.28% fall in its revenue to A$4.165 million. IS3 incurred a loss of A$0.498 million, down by 878.13%.

This poor result was the outcome of a lower transaction from the core business of the Group, which comprises of software activation, license right as well as program fee from new affiliate from sign-ups. As a result of a decline in the new affiliate sign up on income generation from other connected sources like training and affiliate event fees, the company’s revenue fell during the reported period.

The company reported a slight decrease in net assets due to a fall in total assets. The total shareholders’ equity for the period stood at A$3.426 million compared with A$3.77 million at the end of December 2018. The company used A$1.063 million in operating activities, A$0.139 million in investing activities and A$0.323 million in financing activities. The position of net cash and cash equivalents stood at A$8.427 million at the end of June 2019.

Stock Performance: The shares of IS3 have generated a YTD return of 4.35%. The shares traded last on 28 August 2019 and closed at a price of A$0.240. IS3 has a market cap of A$43.98 million and ~ 183.27 million outstanding shares.

Adslot Ltd

Adslot Ltd (ASX: ADJ) is an IT company that is involved in a range of online and digital media activities via Adslot Publisher Platform which helps online publishers in automating the sale of their advertising inventory. The company also operates via the Webfirm division, which is a digital marketing services business.

Technology:

  • Adslot Media: It is the only tool available in the market that helps publishers in scaling direct buying and enabling alliance between buyers and premium publishers.
  • Symphony: It’s the leading buying and planning workflow platform in the world for media agencies that help in managing every single step of the media buying life cycle.

FY2019 Results: On 23 August 2019, ADJ released its annual result for the year ended 30 June 2019. Group revenue during the period increased by 28.18% year-on-year to $10.27 million. The company incurred a loss of $7.04 million during the period. However, there was an improvement as compared to its previous corresponding period.

Stock Performance: The shares of ADJ have generated a negative YTD return of 34.15%. The share of ADJ was trading at a price of A$0.026 on 02 September 2019 (AEST 02:05 PM), down 3.704% from its previous closing price. ADJ has a market cap of A$42.88 million and ~ 1.59 billion outstanding shares.

IODM Limited

South Melbourne-based, IODM Limited (ASX: IOD) is a provider of cloud-based SaaS automated debtor management solutions.

Technology: The company provides two solutions for the management of accounts receivable. These include ‘Premium By Design’ and ‘Essentials’. Some of the features of these solutions are:

  • Automated Notifications: Smoothly sends reminder letters through SMS and email.
  • Pay Now: Continuous way for clients to make payment of invoices instantly
  • Query Account: Takes care of queries related to customers' account.
  • SMS: Schedules and sends out SMS reminders automatically.
  • Collections: Plans and sends out collection letters automatically
  • Analytics: Stay on top of clients’ business with instantaneous data.
  • Credit Insurance: Protect Debtors Ledger
  • Credit Checks: Before proceeding with any sale, checks the client’s potential to make payment.

Non-Executive Director’s Appointment: On 29 August 2019, IOD announced the appointment of Mr Brian Jamieson as Non-Executive Director to the board. He holds around over 40 years’ experience in industries such as advisory, manufacturing, resources and technology in Australia and offshore. At present, he is the Non-Executive Chairman of Sigma Healthcare Limited (ASX: SIG).

Preliminary FY2019 Results: On 28 August 2019, IOD made an ASX announcement, releasing the company’s preliminary annual results for the period ended 30 June 2019. The company reported a 126% growth in revenues from continuing operations to A$490,035, depicting its focus on sales and commercialising strategic partnerships. However, IOD incurred a loss of A$1.11 million, owing to higher sales staffing costs and infra costs.

The company noted an increase in net liabilities from $94,353 in FY2018 to $95,682 in FY2019.

The net operating cash outflow increased during the period from $845,013 in FY2018 to $1,116,740 in FY2019 due to significant increase in payments made to suppliers and employees. There was also a fall in the interest received as well as R&D tax offset income. The net cash inflow through financing activities was A$1,102,284. The company’s net cash position by the end of FY2019 was A$132,474.

Stock Performance: The shares of IOD have generated an excellent YTD return of 355.56%. The opening price of the share of IOD was A$0.082 on 02 September 2019 and the stock price was trading at A$0.087 at AEST 02:15 PM, up 6.098% from its previous closing price. IOD has a market cap of A$43.17 million and ~ 526.42 million outstanding shares.


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