Are you looking to add a small cap share or two to your portfolio? If you are, then you might want to take a look at the shares listed below.
These three shares have been growing at a solid rate and could have bright futures ahead of them. Here's what you need to know about these exciting small cap shares:
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Alcidion Group Ltd (ASX: ALC)
The first small cap share to watch is this informatics solutions company. Alcidion is a growing provider of software which has been designed to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications. The company looks well-positioned for growth thanks to the shift to a paperless environment in the healthcare sector and other favourable industry tailwinds.
PlaySide Studios Limited (ASX: PLY)
Another small cap to watch is PlaySide Studios. It is a video game developer with a portfolio of 55 games across a range of categories. This includes self-published games based on its own original intellectual property and also games that have been developed in collaboration with Hollywood studios. Management estimates that PlaySide has a global market opportunity worth a total of $77.2 billion per annum. This gives it a very long runway for growth over the next decade and beyond.
Volpara Health Technologies Ltd (ASX: VHT)
A final small cap ASX share to watch closely is Volpara Health Technologies. It is a leading provider of software that uses artificial intelligence imaging algorithms to assist with the early detection of breast and lung cancer. Volpara has been growing its revenue at a quick rate for a number of years and this continued in FY 2021 despite the pandemic. Pleasingly, thanks to acquisitions and its growing product portfolio, the company appears well-positioned to continue this strong form in the years to come. Particularly given its ever-improving average revenue per user metric.
