3 top ASX tech shares to watch

With so many tech companies listing on the ASX it can get a bit tricky to keep up with what’s going on.

But here are three companies that are worth taking a look at…

Crowd Mobile Ltd (ASX: CM8)

The Crowd Mobile Ltd share price has gained more than 40 per cent over the past year and is trading at about 13 cents.

But the company’s share price has lost almost half its value since late September when it was up to 24 cents.

So is it time to buy or stay clear?

The mobile entertainment and digital media company increased its revenue for financial year (FY) 2017 to $43.9 million, up 16 per cent on the previous year, and boosted its EBITDA by 49 per cent to $9.4 million.

A key driver of Crowd Mobile’s revenue was its Q/A Dvision, designed to entertain and inform customers by “developing engaging mobile products” that connect those seeking answers with qualified experts. This generated $29.4 million in FY 2017.

Crowd’s Q/A Division has been growing steadily since 2014.

Cycliq Group Ltd (ASX: CYQ)

The Cycliq share price gained 12 per cent on Tuesday, adding to an increase of 65 per cent over the course of just over a week.

Cycliq shares are now trading at around 2.8 cents but are still a long way off the $39 they were going for in 2008.

The Perth-based company, which develops high-definition cameras for bikes, reported a loss exceeding $4.4 million for FY 2017.

But the share price has been heading up following an announcement that the company had received “several trade finance facility offers to meet immediate working capital needs”.

Digitalx Ltd (ASX: DTX)

Digitalx has cashed in on the booming crypto-currency market and has seen its share price rise by more than 350 per cent in less than a year.

Digitalx Ltd, with a market cap of around $104 million, is a crypto-currency and blockchain advisory business which also offers blockchain software development services.

The company announced this week that it had been appointed corporate adviser for two Initial Coin Offerings (ICOs), one for the direct-order grocery platform, INS Ecosystem, and the other for online poker game platform CoinPoker.

Digitalx also holds interests in Bitcoin and Ether.

As such, it appears Digitalx’s future is closely tied to the fate of the crypto-currency universe.

If you’re interested in finding out more about ASX tech shares, check this out…

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