Hi Chris,
Dynacert (DYA) is one that has come up a few times. It's HydroGEN platform looks quite promising - however, like most up and comers - it is all about execution. It does seem to bee booking orders at a pretty decent clip, but what has me a little concerned is through the first 6 months of the year, it has only delivered 47 units - despite announcing significantly more orders in 2019.
What I would like to see out of a company like DYA is a backlog of orders, and estimated deliveries. This is common for companies like DYA, but unfortunately they don't provide that information. One would have to dig through all their press releases to see what they have confirmed and compare against deliveries to see how they are doing. As it stands, its not easy to see how they are executing.
A quick look at its 5-year chart will tell you there hasn't been much going on with DYA with the exception of when it jumped in 2017 - i remember this because it was among the Top TSXV stocks that year. Since then however, it has been pretty stagnant.
ART is a new one for me. From what I can see, it is has a holographic product - which is quite interesting. The more I read about it, the more it seems to be like NTAR - NexTech AR Solutions corp as they target similar markets like conferences and events. Both have augmented reality platforms which are intended to enhance the customer experience.
The difference however, is that NTAR is growing at a much faster pace. ART's revenue peaked in 2018, dropped in 2019 and is down again on a TTM basis. A likely reason for this is the lack of big conferences and events taking place in our new pandemic reality. On the flip side, ART is lesser known than NTAR and is trading at almost half the valuation. I believe the main reason for NTAR's success, is that it was able to more quickly pivot to video conferencing. Although ART has, it only recently begun to show progress in this area.
Given NTAR's success, ART is certainly one to keep an eye on.
As always, both of these are microcap stocks that will come with significant volatility. They are only for the aggressive investor with a higher risk profile.
Mat