5 futuristic TSXV tech stocks to buy in May for long term

4 min read | April 28, 2022 07:37 PM AEST | By Raza Naqvi

5 futuristic TSXV tech stocks to buy in May for long term — Image source: © Solarseven | Megapixl.com

Hive Blockchain Technologies Ltd. (TSXV:HIVE)

Cryptocurrencies and blockchain technology are becoming mainstream, and Hive Blockchain provides blockchain infrastructure solutions. Also, it is engaged in the mining of Bitcoin, the world's oldest cryptocurrency.

In March, Hive Blockchain produced 278.6 Bitcoin and had a mining capacity of 2 Exahash. Meanwhile, the company also produced 2,459 Ethereum (ETH) coins.

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In Q3 2021, the company said it achieved a record revenue of US$ 68 million, reflecting an increase of 397 per cent from the same quarter of the previous year.

Voxtur Analytics Corp. (TSXV:VXTR)

The Toronto-based company aims to transform the real estate industry through its innovative technology. Voxtur Analytics offers targeted data analytics to help users evaluate a property and simplify tax solutions.

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On February 24, the company announced that TSX Venture Exchange recognized it as a top technology company. Also, it completed the acquisition of Benutech, a software-as-a-service provider.

In Q4 2021, Voxtur expects its revenue to be in the range of C$ 34 million to C$ 39 million, and for the fiscal year 2021, it could range between US$ 92 million to US$ 97 million.

Quisitive Technology Solutions Inc. (TSXV:QUIS)

It is believed that cloud computing is the future, and Quisitive Technology offers such solutions. The technology company allows its users to move and operate the Microsoft cloud.

Quisitive is a growing company that serves global clients. Also, it has officers in Canada, India, and the United States.

On April 20, Quisitive announced record Q4 2021 results and said its revenue increased 155 per cent year-over-year (YoY) to US$ 33.3 million.

The QUIS stock was priced at C$ 0.8 after recording a growth of 1.3 per cent at the end of the trading session on Wednesday, April 27.

Topicus.com Inc. (TSXV:TOI)

Topicus is one of the major technology companies listed on the TSXV, and it provides vertical market software to clients in the private and public sectors.

On April 27, one share of Topicus.com cost C$ 82.56 apiece at market close. In Q4 2021, Topcius.com's revenue jumped 51 per cent YoY to €207.6 million.

Also, the net income surged to €27.0 million, and cash flows from operations increased to €42.8 million compared to €30.3 million in the fourth quarter of 2020.

Drone Delivery Canada Corp. (TSXV:FLT)

It is believed that drones will be used for almost everything in the future. Drone Delivery Canada is involved in designing and developing commercially driven drone delivery systems in the country.

On Wednesday, April 27, the FLT stock recorded a surge of about six per cent during the trading session and closed at C$ 0.55 per share. Also, it announced a collaboration with Bell for 5G and other computing initiatives for the drone.

On March 15, Drone Delivery said it launched dangerous goods transportation at DSV Canada. As it is expanding business operations rapidly, Drone Delivery seems to be a stock one could hold for the long term.

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Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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