- Technology stocks have fared well over the past pandemic struck year.
- Smartpay holdings has witnessed good business in NZ and its upcoming Australian market.
- See whether these stocks are worthy of investment, also witness their latest stock performances.
The technology sector in the country has witnessed growth in leaps and bounds and as a result more and more people have become interested in investing in technology-based penny stocks of late. While several other sectors have faced terrible fate during the spread of the pandemic in the year 2020, technology-based companies seemed to have stood the test of time. Let us have a look at few such stocks that could be frontrunners for your investment consideration.
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Promisia Healthcare Limited(NZX:PHL)
The aim of this Company is to combine science with technology an create products and services that are feasible for use. In the latest FY21 results for up to 31 March 2021, the Company incurred an income of NZ$7.3m, together with a fair value movement increase of NZ$1.25m. The NPAT recorded by the Company was NZ$0.042m while the net debt was calculated to be NZ$17.8m.
On 15 June 2021, Promisia Healthcare Limited traded at NZ$0.002 flat at the time of writing.
TruScreen Limited (NZX:TRU)
Especially when laboratory led screening is not available, TruScreen proves to be a trusted companion in order to screen various diseases. In their recently released FY21 results for up to March 2021, it was found that product revenue was down by 12%, while the product sales were NZ$1.1m. A loss of NZ$3.5m was incurred by the Company.
On June 15, TruScreen Limited traded flat at NZ$0.079, at the time of writing.
Geo Limited (NZX:GEO)
This SaaS based business is another penny technology stock of interest. In its latest update on NZX the shareholder and Non-executive chair Mr. Roger Sharp has announced his retirement from the role of chair before the November 2021 annual meeting. In another recent announcement, the long-term incentive program for Scott Player, the Chief Revenue officer of the Company.
On June 15, Geo Limited up by 1.76% at NZ$0.122, at the time of writing.
Smartpay Holdings Limited (NZX:SPY)
One of the largest makers and distributor of EFTPOS systems in the country. In their recent announcement about the latest FY21 results declared on 27 May 2021, the revenue earned was NZ$33.8m and the EBITDA recorded was NZ$7.6m. The outlook for expansion and growth in Australia is high whilst continuing good work in New Zealand.
On June 15 Smartpay Holdings traded at NZ$0.900, up by 1.10% at the time of writing.