At present I think there are a number of promising small cap ASX shares that are flying under the radar.
Three top small caps that I think investors should add to their watchlists are listed below. Here's what you need to know:
Dubber Corp Ltd (ASX: DUB)
Dubber is an Australian software company developing cloud-based technologies. Its main focus is on call recording for businesses and contact centres. These technologies allow users to record, manage and analyse phone calls and communications. Demand has been very strong for Dubber's services, leading to an impressive 132% increase in revenue in FY 2019. I expect further strong growth in FY 2020, making it one to watch.
Straker Translations Ltd (ASX: STG)
Straker Translations is a translation services platform provider. It provides highly efficient language translation services at scale through a combination of artificial intelligence and human intelligence. In the first half of FY 2020 Straker posted a 13.3% increase in revenue to NZ$13.6 million despite its shift away from personal use customers. A stronger second half is expected and should be supported by its recent appointment as one of five preferred vendors for a major global enterprise.
Whispir (ASX: WSP)
A final small cap to watch in 2020 is Whispir. It is a software-as-a-service communications workflow platform provider. This industry-leading software platform allows companies to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This helps make operations more efficient and can cut down the number of service desk support calls. It counts a number of blue chips as customers such as Disney and Foxtel. Solid demand from new and existing customers led to Whispir reporting Annualised Recurring Revenue of $34.5 million in the first quarter of FY 2020. This was a 10% increase since the end of June.
