4 small cap ASX shares for your watchlist

Here is a group of small cap shares to watch…

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The small end of the Australian share market is home to a number of companies with the potential to grow materially in the future.

Four that investors might want to get better acquainted with are listed below. Here’s why they should be on your watchlist:

Alcidion Group Ltd (ASX: ALC)

The first small cap share to watch is Alcidion. It is a growing informatics solutions company aiming to transform healthcare with proactive, smart, intuitive technology solutions that improve the efficiency and quality of patient care in healthcare organisations worldwide. Alcidion notes that it offers a complementary set of software products and technical services that create a unique offering in the global healthcare market.

Bigtincan Holdings Ltd (ASX: BTH)

Another small cap ASX share to look at is this leading provider of enterprise mobility software to businesses globally. Bigtincan’s software unlocks new and more effective ways for teams to perform at higher levels and deliver better business results. Management notes that its platform empowers sales and service representatives to maximise their use of sales collateral to engage with customers and prospects more effectively.

Booktopia Group Ltd (ASX: BKG)

A third small cap ASX share to watch is Booktopia. This online book retailer has been growing at an explosive rate in recent years. This has been driven by the shift to online shopping and the opening of its new distribution centre. The latter is allowing the company to capture the heightened demand and ship more books than ever. In fact, for the 12 months ending June 2021, the company sold one item approximately every 3.9 seconds and shipped approximately 8.2 million items. This averages out to be a massive 32,800 items per business day.

Whispir Ltd (ASX: WSP)

A final small cap ASX share to watch is Whispir. It is a global scale SaaS company that provides a communications workflow platform that automates interactions between organisations and people. Its products enable organisations to improve their communications through automated workflows to ensure stakeholders receive accurate, timely, useful and actionable insights. Management estimates that it has a total addressable market of US$4.7 billion in just the United States market.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Alcidion Group Ltd, BIGTINCAN FPO, and Whispir Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Booktopia Group Limited. The Motley Fool Australia has recommended Alcidion Group Ltd, BIGTINCAN FPO, and Whispir Ltd. 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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