Audio Pixels Holdings Ltd (ASX: AKP) is a $580 million company which many investors may never have heard of despite the stock gaining close to 200% in the past five years.

The group’s share price gain over the past five years puts the stock ahead of much more widely followed growth shares including:

SEEK Limited (ASX: SEK) – up about 140%

Cochlear Limited (ASX: COH) – up approximately 60%

Carsales.Com Ltd (ASX: CAR) up around 170%

Despite an impressive track record of share price appreciation, perhaps this week’s 33% gain will be the catalyst for more investors to familiarise themselves with this cutting-edge technology company…

For many years now, Audio Pixels has been involved in the development and commercialisation of digital speakers. These speakers employ techniques which have the potential to dramatically change not just the quality of sound but also the size of speakers. In fact, the digital speakers of the future could be absolutely miniature yet provide outstanding audio quality.

While the company remains at the pre-revenue stage, Audio Pixels appears to be getting closer to commercialisation. According to a recent company presentation, there is no direct competition on the horizon and it is now in the final phase of “productisation”.

While there is no guarantee of success and there are certainly high expectations already built into the current share price, there is also the potential for the stock to be worth a lot more if its revolutionary digital speakers gain traction and capture a significant share of the speaker market.

Three more stocks you need to discover today!

Forget BHP and Woolworths. These 3 "new breed" top blue chips for 2016 pay fully franked dividends and offer the very real prospect of significant capital appreciation. Click here to learn more.

The report is free! No credit card required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.