Planet Microcap Showcase Preview (O-R)
Introducing all Stocks A to Z
I will be writing several articles introducing (briefly) all 100 stocks attending the Planet Microcap Showcase this April 22-24 in Vegas, to give you a taste of what companies are showing up and which ones may interest you the most. The final article will be my personal “Top 10” describing the stocks I think the 500 microcap investors attending the event will have the most interest in.
Article #1 covering all stocks in the A’s (LINK HERE)
Article #2 covering stocks B to C (LINK HERE)
Article #3 covering stocks D to F (LINK HERE)
Article #4 covering stocks D to F (LINK HERE)
Article #5 covering stocks G to I (LINK HERE)
Article #6 covering stocks I to K (LINK HERE)
Article #7 covering stocks L to N (LINK HERE)
This is not financial advice. I like to sprinkle some of my own personality and opinion into discussion of stocks, and nobody should interpret that as any kind of solicitation to buy or sell a stock. This is simply an article to help you with research, and start discussion.
Enough small talk… there are a lot of stocks to introduce.
Odyssey Elixir (private company) odysseyelixir.com/pages/about
What they do: Consumer (natural energy drinks) The first energy drink infused with mushroom extracts, our mission has always been to create functional beverages that are potent, organic, sustainable, fun, loved by the whole planet, and most importantly — delicious.
Potential rewards: The next Monster Energy? I’m sure shareholders fall asleep dreaming this dream.
Potential risks: Private company, I have no information for you.
One Stop Systems, Inc. (NSDQCM: OSS) onestopsystems.com/
What they do: Technology (computer hardware) a leader in AI enabled solutions for the demanding 'edge'. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise.
Potential rewards: Brutal timing, share price doubled right before Trumps tariffs, now share price is down 33% (55% from their highs) and people who didn’t sell must be in tears. In the middle of the share price drop, OSS reported full year 2024 earnings and they missed expectations. Keeping in mind the company is in a “multi-year restructuring towards higher margin revenue and eventually a return to growth” they did report a 10% drop in total 2024 revenue, however Q4 had a 15% revenue gain (suggesting maybe the turnaround has finally turned) unfortunately EPS losses got worse moving from a $0.32 loss in 2023 to an EPS loss of $0.65 (with a hefty one-time charge). OSS has given shareholders hope though, providing guidance in 2025 of $59-61M revenue and EBITDA break-even (with most of these improvements coming in the second half of 2025).
Potential risks: OSS finds themselves in a really tough position. In a “market correction crash” there are plenty of growing and profitable companies to buy at “cheap” prices. OSS might finally get some top line growth again (congratulations) but the best shareholders can hope for is break-even profitability by the end of the year (and according to the company this might not happen until Q4). Patience and trust is a hard thing to sell to investors when the markets are bad. In addition, I expect given their use of GPU’s and other hardware components, I’m sure OSS has some tariff/ pricing implications I haven’t even looked at. I actually like the company and may throw them on my watchlist, but really tough timing for OSS to try and convince me to buy shares.
Paragon Advanced Inc. (unknown) paragonadvanced.com/
What they do: Industrials (mining environmental) offers the mining industry a wide array of sample preparation and analytical services (from their website).
Potential rewards: No idea. Can’t find this company traded publicly, and I don’t see a private listing. The MCC Vegas website has the ticker listed as “TBC (PALS or PLAB) which makes me think they are a private company planning on going public, but I’ve wasted too much time looking and can’t find any information on whether this is true or not.
Potential risks: On my “naughty list” for wasting my time.
Perfect Corp. (NYSE: PERF) ir.perfectcorp.com/ir-home/default.aspx
What they do: Technology (SaaS) an artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.
Potential rewards: In an article with two private companies, Perfect Corp is already in my good books just for having a ticker. Perfect Corp.'s main value proposition is its AI and AR/VR technology to power consumer beauty apps and a SaaS platform serving over 700 global businesses and is shifting to a subscription-based SaaS model via APIs and virtual try-on solutions for brands. $123M cash and no real debt when you’re buying shares of their $166M market cap you can feel good that 75% of every $1 you spend is buying cash. Some head turning potential rewards for any microcap investor to buy a company with so much cash waiting for their product to take-off in sales, PERF produced $53.5M of revenue in 2024.
Potential risks: Perfect Corp is a very imperfect stock. Scouring through news releases with the company talking about new customers (and what investor group they will presenting to next) I had a hard time finding their earnings. This is the only stock where I had to go to EDGAR to find any earnings and write this quick introduction (not very quick). PERF revenue declined from $60M (2023) down to $53.5M (2024) with an operating loss of $5.6M (UP from $3.1M in 2023). Now that I see their earnings with declining revenue and increases losses, I understand why the company isn’t talking about earnings in press releases. So why do they report a net income? They gained $9.5M in interest from that $123M in cash. Share price is down 29% in 12-months, and I’m not sure how I feel about any of this. I expect Perfect Corp is going to be surprised by some of the tough questions our intelligent microcap investors are going to be asking them at MCC Vegas
Pioneer Power Solutions, Inc. (NSDQCM: PPSI) www.pioneerpowersolutions.com/
What they do: Industrials (mobile and distributed power) design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions.
Potential rewards: Pioneer doesn’t release full year 2024 earnings until April 15th (and I can’t wait that long to release this article) but they reported preliminary expected 2024 earnings of:
Revenue was $22.9 million, as compared to $11.1 million for the year ended December 31, 2023, an increase of 106%
Gross profit was $5.5 million, or a gross margin of 24%, as compared to $2.2 million, or a gross margin of 20%, for the year ended December 31, 2023.
Operating income, excluding R&D expense and non-recurring professional fees, was $1.6 million, as compared to a loss of $1.3 million for the year ended December 31, 2023, a year-over-year improvement of $2.9 million.
Cash on hand at December 31, 2024 was $41.6 million
Management reiterates its expectation for revenue of $27 to $29 million for the full year of 2025. Seems pretty good to me.
Potential risks: The future isn’t certain for Pioneer. Their strong $41M of cash was obtained by selling one of their business segments for $50M, making them a small company and more exposed to volatility. And if there is something we can guarantee in 2025 - it’s volatility, as Pioneers revenue largely comes from gov’t contracts (or gov’t affiliated contracts) you can see share price has been dropping since mid-December with (possibly) the expectation of weaker government spending. Pioneer Power Solutions sells mobile propane-powered DC fast charging stations under the e-Boost brand, ideal for off-grid EV charging needs. If you are bullish on this stock, it’s probably because you’re bullish on this industry niche, but be careful because share price is down 44% in 12-months with no end to the drop in sight.
PLBY Group, Inc. (NSDQGM: PLBY) www.plbygroup.com/
What they do: Consumer (Leisure) a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content.
Potential rewards: I can’t fit everything that PLBY does in one article, there’s just too much. Listed as a “pleasure and leisure” company I thought this was a travel agency selling cruises to bored boomers 🤣and it turns out they actually sell “sexual wellness products” including everything from grooming products, to ready-to-drink cocktails, and … Playboy magazine (how I didn’t see that coming with the ticker PLBY ????). It’s an interesting company to say the least, with multiple revenue streams. In 2024 the company decided to restructure itself away from the lower margin hard asset side of their business (adult toys I suppose?) and focus more on the higher margin digital assets, including a $300 million partnership with Byborg Enterprises, a webcam entertainment company, which aims to improve the digital services' performance bringing PLBY closer to that asset-light licensing operating model they want. The transition and the deal has PLBY claiming they intend to be EBITDA and cash flow positive in 2025 after being decidedly unprofitable for some time.
Potential risks: This does look like a “hail Mary” long-shot desperation year for PLBY. Zoom out from the one-year chart and you will find a stock that traded for $10 before exploding to $50 during Covid… and is now less than $1 (down over 90%). Even the company admits the first half of 2025 will probably be more of the same, with the guidance for earnings to improve in the later half of 2025. Call me skeptical, but when profitably is always “after the next 6 months” I get the feeling management doesn’t really know and is just hoping for some luck.
Plurilock (TSXV: PLUR) plurilock.com/
What they do: Technology (cybersecurity) an identity-centric cybersecurity company in the United States, India, and Canada.
Potential rewards: People who Plurilock paid to pump their share price in 2024 made money dumping on retail holders.
Potential risks: Down over 93% in 5-years and 25% in 12-months, and this company can kiss my hairy ass. Revenue is declining and the company is burning significant cash so I imagine they are looking for people to finance them for another pump in 2025.
Precision Optics (NSDQCM: POCI) www.poci.com/
What they do: Technology (optical components) designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States.
Potential rewards: Another company with a really interesting product that piques my interest. POCI’s website is worth a look, as they design and manufacture micro-optics and endoscopes for medical, defense, and aerospace industries. What this means in layman terms is cutting edge technology for things like instruments for (robotic) surgery, and lenses for fighter pilots to see in any condition (but there are dozens of other use cases). Even if the financials aren’t great, POCI might find themselves on my watchlist just to keep my eye on their progress. Unfortunately their earnings have been facing challenges, and I think shareholders are hoping that increased spending in the defense sector can turn this company around quickly. I’d be willing to hear their pitch.
Potential risks: As said, earnings are facing challenges. The unfortunate part of companies that manufacture cutting edge technology is the high barrier of entry with expenses in clean room components (expensive) and educated well-trained (expensive) staff. Revenue has been declining, the posted a $900,000 net loss in their recent Q2-2025, and recently the company closed a $5.1M financing to hopefully change this trend and grow capacity. It’s good to see people willing to finance the company, but I suspect open market investors have this on the “wait and see” pile.
Range Impact Inc. (OTCQB: RNGE) rangeimpact.com/
What they do: Real estate (coal mine reclamation) provides health and wellness products in the United States.
Potential rewards: A real estate company that reclaims coal mines and “provides health and wellness products”????? The company may need to tell you what the potential rewards here are, because this is a unique company with very little information. Their website does indeed show me that they intend on buying old coal mines, reclaiming the land, and selling it (or repurposing it, I’m not sure) for revenue. Unfortunately there isn’t much on the website, and there is now investor deck, so information is limited.
Potential risks: I was hoping this was a brand new company with a dream, I don’t think that’s the case. I see filings as far back as 2018. Their Q3-2024 earnings are saying that revenue is declining and they are almost out of cash. Considering the 3-month $866,000 loss from operations and staggering $4.9M net loss (ouch) and this company looks to be on life support (heavy dilution to survive). 2024 was a touch year on them due to a net loss asset disposal, but management will need to convince investors they can return to their OK (but not great) 2023 earnings and then somehow improve from there. Lots of warning signs on this one.
RE Royalties Ltd. (TSXV: www.reroyalties.com/
What they do: Energy (renewable energy) acquisition of revenue-based royalties from renewable energy and clean technology companies by providing a non-dilutive royalty financing solution to privately held and publicly traded companies.
Potential rewards: Is anyone still bullish solar energy? I have great memories of solar energy, as my very first “winning” microcap stock was Canadian Solar Energy (CSIQ) when it went from <$3 (2012) to $40 (2014) and I was addicted. However, recently I haven’t been very bullish on solar (typically low margin revenue with heavy supply strain issues) and when I did find a solar stock I liked (Solar Alliance Energy) they are down ~80%. RE recently announced a Letter of Intent to provide a Secured Loan to Revolve for US $8,000,000 to Finance Acquisition of a 9.6 MW Operating Wind Project in the United States - and this is what they do to earning their TTM $8.7M of revenue. I wish them well.
Potential risks: I’m probably biased here, as I watch the news and see football fields of solar panels smashed from hail every year, and don’t see the business case. RE has a $20M market cap on $8.7M of revenue, YahooFinance says $40M of debt, they are unprofitable, and they have some share dilution. I suppose to get excited about the company management would have to convince me they can continue growing 100% every year, but I somehow doubt that’s feasible.
RenoWorks Software Inc. (TSXV: RW) www.renoworks.com/
What they do: Technology (software) develops and distributes digital visualization software for the renovation and new home construction sectors in the United States, Canada, and internationally.
Potential rewards: I have known RenoWorks for a while now and have been cheering for them. This is a tiny <$7M CAD market cap company specializing in digital visualization software for the remodeling and new home construction industry. Their solutions enable homeowners, contractors, and manufacturers to create realistic 2D and 3D renderings of home exteriors, facilitating design decisions and project planning. After years of developing and testing RenoWorks shareholders were hoping for a break-out year in 2024 as back in January they partnered with a much larger company in EagleView who works with contractors and would be able to use (and market) RenoWorks product. So far this has been working (slowly) as RenoWorks hasn’t reported full year 2024 earnings yet but their YTD (9-month) numbers are $5.2M revenue (9% increase), recurring revenue $1.9M (20% increase), and a net loss of $2,333 (and no that’s not $2.3M but only two thousand bucks of losses). Slow but steady improvement.
Potential risks: RenoWorks gives microcap investors a lot to like in 2025. A little bit of growth (especially recurring) and hopefully an inflection point to profitability in 2025. I do have some concerns that this product always seems to excite investors, share price goes up, and then share price goes down as people get tired of waiting for that explosive quarter that never comes. This company just moves slow, and without EagleView (if that partnership ever fell apart) then it would be slowly down.
Research Solutions, Inc. (NSDQCM: RSSS) www.researchsolutions.com/
What they do: Technology (vertical software and AI) provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally.
Potential rewards: Donald Trump sure kicked microcap stocks in the nuts didn’t he! Another stock that nearly doubled in 2024, only to crash hard in 2025 ending up down 20% in 12-months. RSSS seems to be giving shareholders decent top line growth, with their most recent earnings (Q2-2025) giving 15% revenue growth and adjusted EBITDA of $963,000 (up from $318,000). They have good margins, a little bit of cash, and I don’t think they have any real debt. Given the share price crash and a $78M market cap on $48M TTM revenue and this might get some investors curious enough to be interesting in watching managements pitch.
Potential risks: For a company offering digital AI solutions I’m surprised to find they have fairly low margins and their expenses are going up as quickly as their revenue. Despite the adjusted EBITDA of $963,000 the company reported (again Q2-2025) a net loss of $2M in the 3-months on an increase in operating expenses from $4.9M to $5.7M. Good enough for my watchlist, but management has some convincing to do with me to think RSSS is anything but a “middle of the pack” type of company.
ReVolve Renewable Power Corp. (OTCQB: REVVF) revolve-renewablepower.com/
What they do: Utilities (renewables) owns, operates, and develops of renewable energy electricity generation projects in the United States, Mexico, and Canada.
Potential rewards: Remember that company RE Royalties who gave an $8M loan to a company building renewable projects? ReVolve is that company. If you go to their press releases you will see a revolving door of obtaining financing and updates on project status. If you like this sort of thing, then ReVolve might be your favorite stock. Their favorite part of earning is recurring revenue of $621,927 in Q2-2025 an increase of 375% from recurring revenue of $130,882 in Q2-FY2024 and an expected full year recurring revenue of between $2 and $2.2M CAD.
Potential risks: Do you also remember me saying that the one solar energy stock that I liked was Solar Alliance Energy (SOLR.V) and that stock is down something like 80% since I first introduced it. The CEO of ReVolve is the former CEO of Solar Alliance Energy (since November 2024) and that doesn’t give me confidence that the CEO of one failed stock can simply change companies and find success. Supporting me on that thought is their increasing net losses, with Q2-2025 reporting $908,959 of net losses compared to only $421,257 last year. So top line is growing, but so is the bottom line!
Richardson Electronics, Ltd. (NSDQGS: RELL) www.rell.com
What they do: Energy (green energy and power management) engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide.
Potential rewards: Overall I think this is a pretty good little company, but they just reported disappointing Q3-2025 earnings - and in a bad market you couldn’t ask for worse timing. Richardson manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various other applications - and I like a company that manufactures pretty useful stuff. Richardson’s Q3-2025 reported significant growth in key segments, with semiconductor wafer fab sales surging by 139% and Canvys sales increasing by 39.5% and the company says this can continue, saying they are well-positioned to capitalize on policies driving manufacturing back to the US.
Potential risks: It’s always concerning when a companies share price drops on earnings, and if you look at the chart below, RELL has now dropped on the past two earnings. They seem to be in the middle of a strategic shift, as while some segments of their business are growing quickly, they also took a one-time $4.9M loss in healthcare assets. Overall this left their Q3 with an operating loss of $2.7M and a net income loss of $2.1M in the quarter, which explains why share price has dropped from a high of $15.51 in January down to $8 in April.
Royalties Inc. (CSE: RI) www.royaltiesinc.com/
What they do: Financial Services (Royalty Investments) a diversified royalties company, focuses on resource and entertainment royalties in Canada. The company holds a portfolio of 30 music royalties.
Potential rewards: First Canadian Securities Exchanged (CSE) stock on the list. Also a “true” penny stock at only $0.035 CAD and a $7M market cap. Their website says they have a portfolio of 3 assets - a Silver Asset, a Disputed Copper-Silver Royalty, and 5 Cash Flowing Music Royalties. I’m not sure what that means in real life. TTM revenue they have $37,000 in revenue which is an improvement from their zero revenue in 2022. I wish them luck.
Potential risks: First Canadian Securities Exchanged (CSE) stock on the list. Also a “true” penny stock at only $0.035 CAD and a $7M market cap. No real revenue or earnings to evaluate. That’s enough warning flags to make a crypto investor avoid this stock due to the risk.
Rubicon Organics (OTCQX: ROMJF) www.rubiconorganics.com/
What they do: Consumer (cannabis) engages in the production, processing, and sale of organic cannabis for the recreational and medical-use markets in Canada.
Potential rewards: A good way to close out this article, as share of Rubicon are up 23% in 12-months when most of the stocks in this article are down, sometimes significantly down. So Rubicon starts with bonus points. They just reported full year 2024 earnings and the highlights look pretty good. Record revenue $48.7M up 21% (up 42% in Q4) with adjusted EBITDA of $4M and operating cash flow of $3.4M. Rubicon is definitely not the cash burning terrible cannabis companies that we used to find.
Potential risks: It’s a tough business to be in. Despite reporting really good growth in 2024 it’s not long before shareholders start asking “what have you done for me lately?” which has Rubicon trying to expand their Delta facility and acquire a new “Hope Facility” (planned to close in Q2 2025) if they meet capital requirements (additional debt financing). Pending licensing timing expected sometime in the summer, they expect to be running at full capacity by the end of the year but not contributing to revenue until 2026. So a lot of things have to go very well in 2025 for Rubicon to continue growth in 2026, and I always wonder what percentage of microcap investors have that kind of patience.
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Seriously, this is NOT financial advice.
I mean it. None of this is financial advice—I say it all the time, and I genuinely mean it. I don’t know you. I don’t know your experience level, risk tolerance, debt situation, or anything else about your financial position. So please, don’t buy, sell, or hold a stock just because of my opinion in this article.
I’ve been wrong plenty of times, and I strongly encourage everyone to invest within their own capabilities and consult a financial advisor if needed.
Thank you! 🙏
