Planet Microcap Showcase Preview (D - F)
Introducing 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)
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.
Damon Inc. (NSDQGM: DMN) damon.com/
What they do: Consumer (auto manufacturer) a two-wheel technology company, develops and commercializes advanced warning systems for motorcycles. Its warning system employs innovations in sensor fusion, robotics, and AI to expand the reach of a rider's senses in 360° and deliver enhanced situational awareness.
Potential rewards: Damon Motors presents an intriguing upside if it can successfully execute on its ambitious vision of revolutionizing the electric motorcycle market. The company is banking on its proprietary CoPilot™ safety system, HyperDrive™ powertrain, and sleek designs to carve out a premium niche in the EV space. If it can deliver on production targets, capture meaningful market share, and secure follow-on orders beyond early adopters, Damon could position itself as the “Tesla of motorcycles” (though I’m not sure being related in any way to Tesla is a good idea right now).
Potential risks: Damon went public via a SPAC merger with Inpixon (ticker: INPX), which closed in November 2024. After the merger, the combined company started trading on Nasdaq under the symbol DMN. If that doesn’t pucker you butthole a little, then their $49,000 of quarterly revenue might, or their listed $7M debt and wild swings in reported numbers. Some traders might like the $2M market cap high-risk stock ready for a pump (I think a company this small should not be allowed to MCC Vegas) but I’m not sure any serious investor will give this one a second look (though I suppose someone is funding them).
DHI Group, Inc. (NYSE: DHX) dhigroupinc.com/home/default.aspx
What they do: Technology (software application) a provider of AI-powered career marketplaces that focus on technology roles. DHI’s two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technology professionals based on the skills requested.
Potential rewards: A good “cheap” company that needs some TLC. $66M market cap companies with $141.9M of annual revenue and a positive net income are always appealing. The only problem with this are the trends, with DHI reporting full year 2024 earnings last month, revenue was down 7% and their EPS was only $0.01 after reporting EPS of $0.08 in 2023. These types of numbers drive the stock in “cheap” zone though, with YahooFinance giving me a TTM EV/EBITDA of 4x and P/S of 0.42x this is the type of stock where I would happily speak to management and let them try to convince me of their plan to return to profitable growth. The valuation expansion potential on any company improvement are attractive.
Potential risks: How many “turnaround stories” actually finish with happy endings? One in four? Less? While the potential of a “double” just from valuation improvement is tempting, shareholders who bought 12 months ago were probably thinking the same thing and are now down 49%. This company better have a solid plan to improve (quickly) because given how bad 2025 has been for investors, I’m not sure an “inflection point” to being unprofitable is a great news headline.
DIRTT Environmental Solutions Ltd. (TSX: DRT) www.dirtt.com/
What they do: Industrial (engineering and construction) operates as an interior construction company in Canada. Its ICE software provides the industrialized construction system to design, visualize, organize, configure, price, manufacture, assemble, and install the job.
Potential rewards: I meant to research this stock all 2024 and kept putting it off, meaning of course the stock market gods rewarded me by giving DIRTT a healthy 55% gain in the past 12 months. I’ve never met an investors with bad things to say about DIRRT, as they provided guidance for 2024 and achieved that guidance, reduced their long-term debt from $56M to $22M, and increased net income from $1M in Q4-2023 to $4 in Q4-2024 … and that’s called winning. Really solid company and that continued debt reduction suggests continued improvement for DIRTT and a stock that let’s you sleep well at night.
Potential risks: Tariffs and the economic uncertainty have been hitting DIRRT just like you would expect for a industrial engineering company. Net income in Q4 may have been up, but revenue for Q4 were down 4% year-over-year and their gross profit margin slipped a couple percent. The company itself stated “The ongoing threat of a 25% tariff on Canadian imports into the United States creates significant uncertainty for the business.” and despite me writing this article on “Liberation Day” I’m not sure we have any answers considering a lot of the raw materials used for DIRTT’s products — aluminum, steel, glass, wood, and other construction-related materials — are often imported, or their pricing is influenced by global trade flows, and DIRTT is in the wrong place at the wrong time. I have to wonder if 2025 really opens up a buying window for this stock, and look forward to what management has to say about tariff management.
ECD Automotive Design (NSDQCM: ECDA) ecdautodesign.com/
What they do: Industrial (auto manufacturing) engages in the production and sale of customized Land Rover vehicles in the United States.
Potential rewards: Probably the most interesting company on this list. Trying to figure out exactly what they do, ChatGPT gave me the following badass statement:
ECD Automotive Design crafts its bespoke vehicles at their headquarters, the "Rover Dome," a 100,000-square-foot facility in Kissimmee, Florida. Here, a team of over 90 skilled craftsmen and technicians meticulously restore and customize classic models like the Land Rover Defender, Range Rover Classic, and Jaguar E-Type, dedicating approximately 2,200 hours to each build. Additionally, ECD operates a logistics center in Burton-on-Trent, UK, where a team sources and transports 25-year-old vehicles to the U.S. for restoration.
Potential risks: Unfortunately if “badass company” was a good investment thesis then a lot of new investors in 2021 wouldn’t have lost so much money. ECD became a public company via a SPAC merger with Roth CH Acquisition IV Co. and the deal was completed on December 14, 2023. In the past year plus, it’s hard to get a handle on what this company is financially. Revenue has bounced around between $6M and $15M per quarter, with the $6M quarter being the only one to post a positive EPS? The good news is that the company is so volatile and unpredictable that I’m actually looking forward to hearing from management, unfortunately given their proximaty to their SPAC and the other volatility, I’m not sure even a used-car salesman could convince me to buy shares right now.
electroCore, Inc. (NSDQCM: ECOR) www.electrocore.com/
What they do: Healthcare (medical devices) a commercial stage bioelectronic medicine and wellness company dedicated to improving health through its non-invasive vagus nerve stimulation (“nVNS”) technology platform.
Potential rewards: ElectroCore has been recognized by the Financial Times as one of “Americas’ Fastest Growing Companies 2025” and their share price agreed, going from $6 to $16 (and back down to $6) all in the past six months. The potential of ElectroCore might be if they can improve their financials, the stock might rebound back to $16 because this company reached that price based on high expectations, and it’s their full year earnings that were reported on March 12th where reality kicked in for people and share price crashed. They posted strong revenue growth of 57% and did reduce expenses, if they can continue on this trajectory they might move up my watchlist.
Potential risks: Strong revenue growth up 57% was undermined by continued high expenses. Net losses in 2024 were $11.9M which is down from $18.8M in 2023 (significant improvement) but in the “risk off” market of 2025 that kind of net loss is not something many investors are going to ignore. ElectroCore is refraining from providing guidance for 2025, creating uncertainty about future performance, and that might be the number one question asked of management at MCC Vegas.
Elutia, Inc. (NSDQCM: ELUT) elutia.com/
What they do: Healthcare (medical devices) a commercial-stage company, develops and commercializes drug-eluting biologics products for neurostimulation and breast reconstruction in the United States.
Potential rewards: If you don’t like the price, wait a week! Share price has spent the year bouncing around between $3-5 with shareholders down 13% on the year. So what’s the potential? It looks like they have some new products on the way, with a news flow that seems to indicate good news in the scientific research of their products. They also reported full year 2024 earning showing positive revenue growth, and more accounts & market expansion suggesting continued growth. They also found someone to finance them $15M just recently (Feb 2025) giving them a cushion to continue developing and selling.
Potential risks: Overall net sales decreased 1.5% to $24.4 million in 2024, compared to $24.7 million in 2023. Loss from operations was $35.7 million in 2024, compared to $30.5 million in 2023. I’m not sure I need to say any more.
EMX Royalty Corp (TSXV: EMX) emxroyalty.com
What they do: Materials (metals and mining) explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.
Potential rewards: The good news for me is that “metals and mining” isn’t usually my niche, because too often the research shows the company is a speculative pre-revenue hopium stock… that’s not EMX. In 2024 they produced $13.6M of operating cash flow on $36.7M of royalty revenue (up 14%) and that’s worth my time. The company says this which piqued my interest as well:
Dave Cole, EMX CEO, commented, "2024 was a transformational year for EMX. We achieved record-high adjusted royalty revenue, secured a royalty expansion at Caserones, and strengthened our financial position through disciplined capital management and opportunistic share buybacks. With Caserones, Timok, Leeville and Gediktepe performing well, and with a strong balance sheet, we enter 2025 with good momentum. Further, I anticipate a reduction in our cash operating expenditures in 2025 of more than $3.0 million."
Potential risks: While Q4 produced an inflection point with a net income of $1.7M, they still finished the year with a $3.2M net loss, and some relatively flat adjusted EBITDA metrics. As successful as 2024 was for EMX, I think they still need to convince me they can continue with consistent growth while also reducing costs, which is a hard thing to do.
EnWave Corporation (TSXV: ENW) www.enwave.net
What they do: Technology (food manufacturing) the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.
Potential rewards: Featured on my YouTube channel recently (LINK HERE) Enwave had some major changes occur in 2024 that have me mildly bullish on their future. Mostly they won a lawsuit against a former CEO, which secured their IP and ensures they continue to have decent first mover advantage on their unique drying processes. Which by the way, their REV drying technology has a huge total addressable market if it works, simply due to the numerous industries that could benefit from its use. Shareholders are watching and cheering every news release, where either Enwave has secured a new sale of their REV machines (which is then followed up with recurring royalty revenue) or Enwave has upsold a customer from a small 10kw machine to a 100kw+ size machine (the real bread and butter for this company). Most news is good news these days for Enwave.
Potential risks: Investors need to be aware this company is both “lumpy” and not profitable yet (which will scare people away). Enwave basically uses their 10kw machines like a free sample at Costco, and then really succeeds with sales of 100-120kw machines. Meaning unfortunately the success of Enwave, and where they are profitable, depends largely on the sales and timing of sales for their larger 100-120kw machines. Over time this will become less of an issue as the recurring revenue will smooth out earnings (or at least that’s the plan) but Enwave isn’t a “trade” investors looking to buy shares might have to be happy holding into 2026 and beyond.
Fathom Holdings Inc. (NSDQCM: FTHM) ir.fathominc.com/
What they do: Real Estate (real estate services) a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States.
Potential rewards: An industry sector I’m interested in. With mortgage renewals increasing and a housing market that has been somewhat depressed, I think the future is getting brighter every day for companies offering real estate services (though Fathom says I am wrong, and need to wait longer). Three weeks ago Fathom released 2024 earnings that “beat expectations” according to analysts, and they announced the release of a new product Elevate, however share price is down significantly from 2024 and this needs some explaining from management:
Persistent headwinds, particularly the unexpected rise in interest rates in Q4 following the Fed rate reduction impacted both net loss and Adjusted EBITDA loss. We expect 2025 to remain challenging for the real estate industry; however, we see meaningful improvement ahead and are encouraged about our prospects of reaching EBITDA positive in Q2 of 2025
Potential risks: Timing the real estate market takes a special kind of investor. Despite Fathom looking like a fairly good and well managed company, macroeconomic factors can still kick you in the teeth. Share price is down 58% in 12 months, and potential future shareholders will have to be confident in timing the upswing in real estate. Which… is probably also the potential reward if you get it right, because this is a $335M revenue company with only a $22M market cap. Lots of potential upside with a lot of luck and hard work.
FingerMotion, Inc. (NSDQCM: FNGR) fingermotion.com/
What they do: Technology (telecom services) a mobile data specialist company, provides mobile payment and recharge platform system in China.
Potential rewards: A popular stock on social media, this is the first time I have actually looked at FingerMotion (what a stupid name). This seems like a company that is trying to out-growth it’s way out of net losses. That has worked in the past for some companies (thinking Shopify and Uber) however it comes with risk, you need consistently high growth. Fingermotion seemed to have that for a while, going from $16M revenue (2021) to $22M (2022) and then $34M (2023) … unfortunately they seemed to have stalled out a bit with TMM revenue of $35M. They haven’t reported full year 2024 earnings yet, so hopefully they can see a swing back to growth and some positive outlook.
Potential risks: Both share price and valuation have been dropping the past 12 months as I expect people who expected a high-flying growth stock hit the sell button once revenue flatlined. All the bottom line numbers are negative, a long way from profitability, and while they don’t have much debt I’m also not seeing much cash in the bank account. They may need to convince someone at MCC Vegas to finance them.
FitLife Brands, Inc. (NSDQCM: FTLF) fitlifebrands.com/
What they do: Consumer (nutritional supplements) an international provider of innovative and proprietary nutritional and fitness enhancement products for health-conscious consumers.
Potential rewards: FitLife has been on my “B-List-Potential” for a while now, and I’m looking forward to management being able to convince me to move them to top stocks. Share price was consistently rising prior to Trump taking office, and has been dropping recently despite FitLife reporting a VERY good 2024 earnings. $9M of net income a 70% increase from last year on top of 22% revenue growth ($64.5M) meaning the company was able to grow, and reduce expenses. That’s a win! With solid acquisitions potentially driving more growth into 2025, I think many microcap investors will be happy to speak with management at MCC Vegas.
Potential risks: This is the type of company that needs good shareholders willing to listen to management and hold the stock. As a nutritional supplement company they are lumpy from quarter-to-quarter depending on when people decide to lose weight and exercise, and they also seem to acquire some fairly damaged companies (which they expect to improve). They also have around $13.1M of term loans and $4.5M of cash, and when you put all this together it’s not a stock that screens very well. It might be a better stock for microcap investors who like the qualitative research of speaking with management, but given the 2024 improvements to the financials maybe it garners some attention from quantitative researchers as well.
FlexShopper, Inc. (NSDQCM: FPAY) investors.flexshopper.com/
What they do: Industrials (rental and leasing services) a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.
Potential rewards: Another stock I introduced on YouTube that is growing on me (LINK HERE). FlexShopper provides loan services where you can buy goods from FlexShopper (or from their 3rd party partners) on a payment plan. They only offer this service for small $2,500 purchases and they have been very successful with this niche. FPAY hasn’t reported full year earnings yet, however they have been showing consistently growing revenue numbers and their Q3 reported a positive EPS indicating a potential longer term trend towards profitability. This is a significantly growing company with a product/service that is proving itself every quarter. The company said to expect the following in Q4:
Operating metrics substantially better than the results in the third quarter of 2024 and the fourth quarter of 2023, which produced prior record financial results for those respective periods
Potential risks: DEBT! FPAY is one of the more complicated stocks I have researched recently, as they have preferred shareholders dragging the stock down, and a shit-pile of debt (~$135M). To solve this issue the company has initiated several rounds of rights offerings to shareholder to raise large amounts of cash to pay off the preferred shareholders and cover some debt. The last round of offerings is around April 15th, and depending on how much cash they raise it could be difference between FPAY having a successful 2025 (or not). Really nice looking company trying to solve their few (but major) issues.
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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! 🙏
