They expect revenue to rise by about 55% and earnings to increase by almost 140%. Still, analysts believe those infrastructure investments will begin to bear fruit next year. However, the company’s income fell due to infrastructure investments needed to maintain its long-term strategic vision. In the third quarter, revenue rose by 8% year over year. Also, even with its relatively small size, it has expanded into 12 countries across four continents. Still, its market cap is only about $340 million. It has since pulled back somewhat, but was trading in the neighborhood of $38 per share at the time of this writing.
Micro cap stocks with potential software#
This under-the-radar fintech play owns CoreCard, a company that produces software that processes credit and debit card transactions.Īfter spending years as a penny stock, Intelligent Systems experienced a massive surge beginning in 2018 that took it as high as $56 per share. Given all that, and the company’s market cap of just over $1.4 billion, GrowGeneration may not remain a small-cap stock for long. Such results have led investors to bid the stock higher by about 600% this year, as analysts forecast triple-digit-percentage earnings growth for both this year and next.įinally, Grand View Research projects a compound annual growth rate of 18% for the global cannabis market through 2027. Also, GAAP income increased by more than 130%. In the latest quarter, revenue was up by more than 150% from year-ago levels. With state governments steadily removing restrictions on the marijuana industry, GrowGeneration has benefited, opening more stores and earning increased business. It just acquired GrowBiz, which will add five stores to its footprint, and it plans to expand to 50 locations in 15 states in 2021. The retailer is on pace for rapid growth. Over 10,000 products are listed on its website.
The Denver-based company offers hydroponic grow supplies as well as related products and systems through its chain of 31 stores in 11 states. GrowGenerationĪnalysts classify this company as a “home improvement retailer.” However, instead of selling general supplies for DIYers and contractors like Home Depot or Lowe’s do, GrowGeneration is a one-stop-shop for cannabis cultivators.
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