The frenzy that became the ongoing sector rotation from mining and metals to tech kicked into high gear on the TSX midway through the year and trickled down to the TSX Venture Exchange in the form of a smattering of new listings, many through RTOs or Capital Pool Qualifying Transactions.
The Venture Exchange has a good track record of graduating companies to the big board, the most tangible evidence of this may be that last year’s winner of the Cantech Letter’s TSX Venture Canadian Tech Stock of the Year was won by Amaya Gaming, which is now in the running for the 2013 TSX award.
This year, for the first time ever, the Cantech Letter Awards will be open to the public. A gala awards dinner, brought to you by Difference Capital and the TSX, will follow the First Annual Cantech Investment Conference, on January 16th, at the Metro Toronto Convention Centre.
Tickets to the Cantech Letter Awards, including a limited number of tables of ten, are still available. Click here, or contact Contact Karen Renaud at Cambridge House to reserve. (firstname.lastname@example.org or Direct at (604) 398-5356). For tickets to the Cantech Investment Conference, featuring keynote speaker Commander Chris Hadfield, click here.
On to the nominees for the 2013 Cantech Letter TSX Venture Exchange Tech Stock of the Year. For these awards, we asked fourteen of Canada’s top technology analysts to give us their top three picks. The finalists are the companies that received the most points in this process (we gave three points for first place, two for second and one for third. In the event of a tie, the company receiving the most first place votes was chosen.) The judges will vote on the consensus picks using the same scoring system.
We told our judges we were looking for the most outstanding candidate and asked them to use their own discretion to weigh factors such as revenue and earnings growth, share price appreciation and gains in market capitalization. Is a stock that gained 100% but moved from $0.15 to $0.30 more worthy than one that gained 75% but added billions in market cap? These are the decisions we left to their discretion as a professional.
After learning of the nominees, you can cast your vote at the bottom of this page. In the TSX and TSX Venture Technology awards voting, the readers of Cantech Letter will count as a single judge.
Here are the three finalists for the Cantech Letter TSX Tech Stock of the Year, listed in alphabetical order.
BSM Technologies (TSXV:GPS)
Founded in 1997, the Woodbridge-based BSM sells GPS technologies that manage large fleets of trucks and secure other mobile assets, monitor fixed assets and automate vehicle security. The company’s Q3 revenue of of $4.68-million was a 39% bump over last year’s third quarter, but the company is only scratching the surface of its market potential, says the company’s CEO.
QHR Technologies (TSXV:QHR)
Kelowna-based QHR, which has consolidated the Canadian electronic medical records space with thirteen acquisitions since 2000, is starting to see an increase in its organic growth. CEO Al Hildebrandt says there is still runway left in the Canadian EMR space, but the company’s long term future growth will be spurred by the U.S. and international markets, where he says he is confident the company can compete effectively.
Sphere 3D (TSXV:ANY)
After Sphere 3D’s spectacular run, which began in August, many investors scrambled to figure out exactly what this previously little known company does, exactly. The promise of the Sphere 3D’s technology, which aims to consolidate digital devices in the cloud regardless of each user’s operating system, was given a credibility boost the company inked a deal with Corel and became part of the VMware Technology Alliance Partner Program.
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