2018 is set to be another big year for ASX tech companies.
Here are three that have provided solid returns for shareholders and look set to continue doing so.
Elsight Ltd (ASX: ELS)
The Elsight Ltd share price has gained more than 750 per cent since the company listed on the ASX in June and Elsight shares are now trading for about $1.26.
The Israeli-based company provides video capturing services and other surveillance devices to meet the security needs of large organisations.
In financial year (FY) 2017 the company reported a loss of about $1.5 million on revenues of a little over $400,000.
Elsight, which has been operating since 2009, says it has more than 30 commercial projects in the pipeline with police and defence forces currently on the company's list of clients who have adopted its security products.
The company also hopes its technology will be utilised by companies involved in the development of autonomous vehicles, telemedicine and drones.
Kogan.com Ltd (ASX: KGN)
The Kogan.com Ltd share price has gained more than 200 per cent in the past year and company has indicated there is more to come in 2018.
Kogan.com reported last month statutory revenue of $289.5 million for FY 2017, up 37.1 per cent on the previous year and hopes that figure will increase in FY 2018 with the company due to launch Kogan Internet next year in partnership with Vodafone.
The e-commerce company's future will be largely determined by the impact Amazon will have on the sector in Australia.
But Kogan has reported that it is off to a "strong start" for FY 2018 with the company announcing revenue growth of 35.9 per cent and EBITDA growth of 37.7 per cent for the quarter ended 30 September 2017, compared to the same period last year.
Objective Corporation Limited (ASX: OCL)
The Objective Corporation share price has gained more than 70 per cent in the past year and is trading at around $3.12.
Objective Corporation, with a market cap of about $280 million, provides software and services for governments and businesses.
In FY 2017 Objective Corporation reported a profit of $8.2 million, up 55 per cent on the previous year.
Objective's CEO, Tony Walls, said FY 2018 looks "very positive" with the company expecting improved financial performance in the years ahead.
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