If you're looking to gain exposure to the small side of the market, then you might want to take a look at the ASX shares listed below.
Here's why these four small cap ASX shares could be ones to watch this year:
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a provider of enterprise mobility software. Its software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction through improved mobile worker productivity. It has a large number of blue chips using its platform. This includes ANZ Bank (ASX: ANZ), Cardinal Health, Nike, and Red Bull. Demand from these companies underpinned solid recurring revenue growth in FY 2020 and the current financial year.
Damstra Holdings Ltd (ASX: DTC)
Damstra is a growing integrated workplace management solutions provider. Its cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets. Demand has been growing strongly in recent years and has continued in FY 2021. For example, in the first quarter, Damstra revealed record first quarter revenue, cash receipts, and operating cash flow.
MyDeal.com.au Limited (ASX: MYD)
MyDeal.com.au is an online retail marketplace that has been a positive performer in FY 2021. It recently released its second quarter update and revealed a 165% increase in gross sales to $70.1 million. This led to MyDeal's first half gross sales increasing 217% over the same period last year to $126.7 million. This was driven by a strong increase in active customers to a record 813,764 and repeat use. Looking ahead, the company intends to use the $40 million raised from its IPO to drive future growth. This includes growing its private label business and investing in advertising to grow its customer base and brand.
Pointerra Ltd (ASX: 3DP)
Pointerra is a technology company that provides a powerful cloud-based solution for managing, visualising, working in, analysing, using, and sharing massive 3D point clouds and datasets. Its platform is able to extract vital information from the data that would otherwise take many hours to do. Management estimates that its market opportunity is currently worth an enormous $500 billion annually.
