The Top Small Cap Performers for May 3, 2019

May 3, 2019, By fierceinvestor,

Some of the best performing small cap stocks for Friday, May 3 included:

Zix Corporation (NASDAQ:ZIXI)

Shares of ZIXI were up 34.6% on the day on better than expected revenue growth, and a great outlook for the year.  Revenue soared 76% year over year to $29.3 million, which included sales from its acquisition of AppRiver.

Excluding that, revenue was up 10% year over year to $27.2 million.

“The first quarter of 2019 was positive in a number of meaningful ways: we closed the acquisition of AppRiver, successfully executed on our previously communicated cost-savings initiatives, and delivered 20%+ growth of Monthly Recurring Revenue (MRR) at AppRiver along with 74% New First Year Orders growth at Zix,” said CEO David Wagner.

The company then raised its outlook for the full year, guiding for revenue between $167 million and $169 million. Previously, management expected revenue to be between $164 million and $167 million in 2019. In addition, management is now guiding for non-GAAP EPS between $0.40 and $0.42, up from a forecast for non-GAAP EPS between $0.30 and $0.33.

Super League Gaming Inc. (NASDAQ:SLGG)

Shares of SLGG were up 25.6% on the day on volume of 945,706, as compared to average volume of 119,987.

We believe it’s just getting caught up in the eGaming boom.

In just 2019, the global eGaming audience is expected to grow to 453.8 million – year over year growth of 15%, according to Newzoo.  That includes 201.2 million eSports enthusiasts, and 252.6 million occasional viewers.

“eSports’ impressive audience and viewership growth is a direct result of an engaging viewership experience untethered to traditional media,” says Newzoo CEO Peter Warman, as quoted by Which-50. “Plenty of leagues and tournaments now have huge audiences, so companies are positioning themselves to directly monetize these eSports enthusiasts. While this began happening last year, the market is constantly expanding on its early learnings. The result: 2019 will be the first billion-dollar year for eSports, a market that will continue to attract brands across all industries.”

The research group also believes revenue will reach $1.1 billion for the first time in 2019 – 26.7% year over year growth.  By 2022, the market could reach $1.8 billion, and as much as $3.2 billion shortly thereafter.

Mercer International Inc. (NASDAQ:MERC)

Shares of MERC were up 23.6% on the day on volume of 1.42 million shares, as compared to daily average volume of 312,938 after announcing a 10% dividend increase, and a $50 million stock buyback program.  MERC also posted Q1 EPS of $51.6 million, or 78 cents a share on revenue of $484 million.

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