The GetSwift Ltd (ASX: GSW) share price was on the charge again on Monday.
The shares of the logistics software platform provider finished the day almost 9% higher at an all-time high of $1.26.
This means its shares have now climbed an incredible 310% this year.
Can they go higher?
In my opinion GetSwift is the most exciting small-cap share on the Australian share market at the moment and has explosive growth potential which could take its share price significantly higher over the next 12 months.
This is down to the growing popularity of its platform. GetSwift's logistics platform provides its users with the ability to manage their delivery operations without having to invest in logistics dispatch software, courier apps, and real time delivery tracking technology.
In the last few months a number of big name clients have signed agreements to use the platform. These include the likes of Commonwealth Bank of Australia (ASX: CBA), Pizza Hut, Fantastic Furniture, Red Rooster, and Oporto.
GetSwift earns its money by charging 29 cents per delivery handled on its platform, though customers that deliver significantly more than average are likely to benefit from discounts.
The company has been growing the number of deliveries handled by its platform at an explosive rate and in July announced that it had surpassed 2 million deliveries.
According to the release, it took the company 17 months to reach its first one million deliveries and just 5 months to reach the second million. Considering the number of new customers it has been acquiring and its expansion into other lucrative verticals, I suspect that the third million will be even quicker.
Should you invest?
While an investment in a small-cap tech share like GetSwift is certainly more high risk than blue-chip tech shares such as Altium Limited (ASX: ALU) or XERO FPO NZX (ASX: XRO), I believe it offers a compelling risk/reward which makes it a great buy and hold investment option.
