Why these 3 small-cap shares jumped higher today

Although the market has sunk lower today, a number of small-cap shares have managed to push notably higher.

Here’s why these small-cap shares are finishing the week on a high:

The Audinate Group (ASX: AD8) share price is up 4% to $2.99 following the release of its quarterly update. The media networking technology developer recorded cash collections of $4.8 million in the second-quarter and positive operating cash flow of approximately $1.3 million. This brings its first-half cash collections to $9.3 million and improves its operating cash flow to negative $0.2 million. The launch of several new products could put the company in a position to deliver an even stronger second-half. I think Audinate could be worth delving deeper into.

The Redbubble Ltd (ASX: RBL) share price has jumped almost 7% to $1.49 after the ecommerce company provided the market with an update on its first-half performance. For the first-half of FY 2018 Redbubble reported revenue of $102.3 million, up an impressive 30% on the prior corresponding period. As a result of this strong first-half, management is confident that the company is on track to achieve its top-line growth and EBITDA guidance for FY 2018. I’ve been impressed with Redbubble’s performance this year. If it can keep this up then it may have a very bright future ahead of it.

The Yowie Group Ltd (ASX: YOW) share price has climbed almost 7% to 16 cents after releasing its quarterly update. For the quarter ending 31 December 2017, the company generated net sales growth of 23% on the previous corresponding period. Pleasingly, management reaffirmed its full-year sales growth guidance of 17%. This growth guidance was, however, recently downgraded from 55% after the company suffered a slowdown in sales in North America. Due to the company’s habit of falling short of guidance or downgrading it, I wouldn’t be a buyer of Yowie’s shares.

If you like fast-growing small to mid-cap sized companies then don't miss out on these top shares.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended AUDINATEGL FPO. 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.

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