3 exciting small cap ASX shares to put on your watchlist

Whispir Ltd (ASX:WSP) is one of three small cap ASX shares that investors might want to watch closely this year. Here’s why…
The post 3 exciting small cap ASX shares to put on your watchlist appeared first on The Motley Fool Australia. –

watch, watch list, observe, keep an eye on

At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

Three that investors might want to get better acquainted with are listed below. Here’s what you need to know about them:

IntelliHR Ltd (ASX: IHR)

The first small cap ASX share to look at is IntelliHR. It is a cloud-based human resources and people management platform provider. Last month the company released its second quarter update and revealed that its international expansion strategy was going very positively. This expansion underpinned a 23% increase in second quarter Annualised Recurring Revenue (ARR) and and a 147% increase contracted subscriber headcount. Approximately 77% of its new subscribers came from the massive North American market.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share to look at is PlaySide Studios, It is one of Australia’s largest independent video game developers, with a growing portfolio of games. This includes games based on its own original intellectual property and games developed with Hollywood studios such as Disney. Late last month, PlaySide released its second quarter update and revealed quarterly revenue of $3.13 million. This was an increase of a 66% over the first quarter. Given that management estimates that the global mobile games market is worth $77.2 billion per annum, it clearly has a long runway for growth in the future.

Whispir Ltd (ASX: WSP)

Whispir is a software-as-a-service communications workflow platform provider. Its software platform allows businesses and governments to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Earlier this week, Whispir released its half year results and reported a 29.2% increase in its ARR to $47.4 million. This was driven by increased activity from its existing customers and the addition of 77 net new customer to a total of 707 customers. This is still only scratching at the surface of its global market opportunity.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Whispir Ltd. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 exciting small cap ASX shares to put on your watchlist appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!