3 exciting tech shares flying under the radar

Big Un Ltd (ASX:BIG) is one of three tech shares flying under the radar which I think are worth keeping a close eye on. Here’s why…

| More on:
Data technology share investing

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

I believe the Australian share market is home to a good number of high quality tech shares.

Whilst the majority of investors will no doubt be familiar with tech companies like Aconex Ltd (ASX: ACX) and XERO FPO NZX (ASX: XRO), they may not be as familiar with the three tech companies listed below.

Here’s why I believe these exciting companies are worth keeping a close eye on:

Big Un Ltd (ASX: BIG)

This video technology company’s shares have gained an incredible 393% so far this year and it’s not hard to understand why. Strong demand for its video subscription products means that management expects cash receipts growth in excess of 400% this year to over $21 million. As well as this, the company recently announced plans to acquire the hospitality vertical from The Intermedia Group. This acquisition is expected to provide the company with a direct relationship with over 65,000 Australian businesses including the likes of Mantra Group Ltd (ASX: MTR), Diageo, Hilton, and Marriott.

Collaborate Corporation Ltd (ASX: CL8)

The shares of this operator of peer-to-peer and online marketplaces has been another big mover, rising over 60% since the turn of the year. The catalyst for this gain has been the strong growth of its DriveMyCar peer-to-peer car rental business. In May the business delivered its third consecutive record monthly result, with rental transaction value increasing 98% over the prior corresponding period to $273,890. Furthermore, net rental days realised increased 106% year-on-year to 7,698 days. Collaborate’s strategic partners include the likes of Aon, Uber and RACV.

Xtek Ltd (ASX: XTE)

Xtek is a defence technology company and the primary contractor in the $100 million LAND 129 Phase 4 program for the supply of drones to the Australian army. As well as this, the company has been working with the US government to leverage its XTclave technology to create lighter and more effective helmets and bullet proof plates. The company recently raised $3 million through a significantly oversubscribed placement to institutional and sophisticated investors. These funds will be used for its XTclave commercialisation, XTatlas technology development, and also to allow it to pursue more and larger contracts in the future.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO and Xero. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »