Ten Profitable Canadian Tech Stocks Under a Dollar

JANUARY 27, 2014 BY NICK WADDELL2 COMMENTS

2. CriticalControl Solutions Corp (TSE:CCZ)
Price on January 24, 2013: $0.48

Calgary-based CriticalControl Solutions was founded in 1999 by current CEO Alykhan Mamdani. The company supplies data management and enterprise content management tools to half the provincial ministries of the Alberta government, but the bulk of its revenue comes from sales to oil and gas companies. Higher fuel prices means more demand for CriticalControl’s gas composition management, gas chart integration and field device control technologies, particularly in the United States energy service sector, where the company has looked to expand. CriticalControl had grown its revenue from just $23-million in 2007 to nearly $50-million in fiscal 2011 before falling back in fiscal 2012, which it reported in March. Still, the company was able to earn $300,000 on revenue of $46.8 million.