3 exciting small cap tech shares to watch in FY 2019

Although the Australian tech sector pales in comparison to those in the United States and China, that doesn’t necessarily mean there aren’t any quality up and coming tech companies on the rise inside it.

Three exciting small cap tech shares listed on the Australian share market that I think investors should be better acquainted with are listed below. Here’s why I think they are worth watching:

Audinate Group Limited (ASX: AD8)

Audinate is a digital audio company that develops hardware and software solutions for the professional audio-visual industry. The company is perhaps best known for its Dante media networking technology which has been adopted by the leading manufacturers and professionals in the audio-visual industry. Its success was a key driver in the company’s strong performance in FY 2018. Audinate achieved revenue of $19.7 million, up 30% on the prior corresponding period. Pleasingly, this strong growth allowed the company to post positive EBITDA of $0.6 million for the period, compared to its prospectus forecast of a $1.2 million loss.

Citadel Group Ltd (ASX: CGL)

Citadel Group is a fast-growing software and services company which specialises in IT security and data management. Last month the company posted record revenues of $108.5 million, up 9.8% on the prior period, and a 26% increase in net profit after tax to $19.4 million. A key driver of this growth was the increasing popularity of its Citadel-IX cloud-based enterprise information management platform. The platform allows users to securely access or transfer proprietary and sensitive information remotely and has unsurprisingly attracted a large number of government customers. Given the importance of data security I expect the platform to underpin the company’s growth in the coming years.

LiveTiles Ltd (ASX: LVT)

LiveTiles is a fast-growing digital workplace platform provider with a focus on the artificial intelligence market. The company’s platform aims to provide solutions that are intuitive, customisable, and that can offer businesses ways to increase collaboration and efficiency amongst their employees. In FY 2018 it saw its annualised recurring revenues increase by 275% to $15 million. I expect similarly strong growth in FY 2019 thanks to its partnership with Microsoft and the engagement of a dedicated sales force.

Here's a fourth up and coming tech share to watch this year. Do you own it?

ASX Tech Share – Real Winner from the World Cup

Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?

It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".

Click here to access this share. It's completely FREE!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO. The Motley Fool Australia owns shares of Citadel Group Ltd. 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!