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5 Lesser-Known Tech Stock Gems

These stocks don't make big headlines, but they could make you a pretty penny nonetheless

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NYSE:ECOMShares of ChannelAdvisor (ECOM) are up 27% just since mid-May, when the company came public.

But there easily could be plenty more upside..

ECOM has a cloud platform that makes it easier for retailers and manufacturers to sell into online channels like eBay (EBAY) and Amazon (AMZN). The software allows for management of product listing, inventory availability, pricing optimization, data analytics and search term processing, which has attracted customers including Dell (DELL), Sony (SNE) and Under Armour (UA).

ChannelAdvisor has a clever business model based on both ongoing subscriptions and revenue share that has resulted in a nice growth ramp. The company’s revenues have improved from $36.7 million to $53.6 million from 2010 to 2012.

While the company did record a net loss of $4.9 million last year, that can be blamed on aggressive investment in growth.

Over time, expect ECON to make its way into the black.

Article printed from InvestorPlace Media,

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