We like DeepVerge (LSE:DVRG), we really do, but has it got what it takes to be a real small cap winner? Right now the share price looks a little disappointing. The environmental life sciences group has just reported some solid production orders for its Modern Water division - up 39% in the first quarter - which is worth around £5m for the company. This has the potential to make a big difference.
AIM-listed DeepVerge used to trade under the name Integumen. It specialises in environmental monitoring, life sciences and artificial intelligence and has among its core products Labskin, which simulates the effects of testing on human-like skin in a real-world environment. It attracted a lot of interest during the pandemic, because of its technology which allows for the detection of pathogens in fluids. This is where it may be starting to get some more traction in the Middle East.
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