I believe the Australian share market is home to a good number of small-cap shares with significant growth potential.
Below you will find three shares which I think deserve to be added to your watchlist today. They are as follows:
Cynata Therapeutics Ltd (ASX: CYP)
Cynata's impressive Cymerus technology is able to produce an unlimited number of high quality and consistent stem cells at a low cost which can then be used to treat a number of diseases. One such disease that Cynata is targeting is Graft versus Host Disease (GvHD). Japanese-giant FUJIFILM has a global license to market and sell its therapeutic MSC product CYP-001 for the treatment of GvHD and estimates the market to be worth up to US$300 million a year. The double-digit royalties from these sales will ultimately fall straight to Cynata's bottom line.
Fastbrick Robotics Ltd (ASX: FBR)
I think this robotics company's Hadrian X bricklaying robot could be on the verge of disrupting the homebuilding industry. The robot can lay 1,000 standard brick equivalents per hour, compared to the 400 bricks that a typical bricklayer lays per day. The company has US-giant Caterpillar as a strategic partner and recently announced a major memorandum of understanding to build 50,000 new homes in Saudi Arabia. By my calculations, this deal could be worth upwards of $200 million to Fastbrick Robotics.
LiveHire Ltd (ASX: LVH)
This fast-growing talent technology company provides its users with a platform which creates a pool of pre-qualified job candidates to access when they need to recruit. By doing things in this way, it saves recruiters both time and money. I've been very impressed at the number of big name companies that have signed up to use its service. These include companies such as Roy Hill, Randstad (Singapore), Bupa, Queensland Health, and Wesfarmers Ltd (ASX: WES).
