Technology stocks

Tech stocks on the radar this month

The ASX All Ordinaries Index gained 0.59% on July 8. The index is up 1.93% on a monthly basis (mtd). However, it is down 11.60% since the start of the year. The index measures the performance of the 500 largest companies in the Australian equity market.

This article will discuss four tech stocks in the ASX All Ordinaries space that have outperformed the index in terms of mtd gains.

BrainChip Holdings Limited (ASX: BRN)

BrainChip Holdings develops software and hardware solutions. It works for advanced artificial intelligence and machine learning applications. The company is developing an innovative neuromorphic processor that brings advanced artificial intelligence in ways beyond the capabilities of other products.

Tuas Ltd (ASX:TUA)

Image source: © Ipopba | Megapixl.com

Tuas Limited owns and operates a mobile network and provides telecommunications services in Singapore. The company has two subsidiaries:

  • TPG Telecom Pte Ltd – provides telecommunication services in Singapore
  • Tuas Solutions Sdn Bhd – provides information technology (IT), development and network support services to TPG Singapore

Life360 Inc (ASX: 360)

Life360, Inc. offers security services delivered through a mobile phone. Its subscription offering covers location sharing, mobility, driving and coordination. It provides solutions through the company’s vertically integrated mobile app.

During the quarter ended March 31, 2022, Life360 saw 43% year-over-year (YoY) growth in Paid Circles and 63% year-over-year growth in subscription revenue.

Nearmap Ltd (ASX:NEA)

Nearmap is an intelligence company providing cloud-based geospatial information services to different businesses and government organizations. The company’s products are:

  • Vertical Imaging
  • Oblique imaging
  • 3D imagery and data
  • AI close to the map
  • Nearmap on OpenSolar

Recently, the company completed the research and testing phase of its new proprietary aerial camera system, HyperCamera3. The company is making progress in rolling out the technology in North America and Australia in fiscal 2022.