ASX December Tech Winners: Archer and Brainchip led the way as sector delivered big in 2024

ASX tech rocked a 50pc gain in 2024, Archer Materials shone in December, and Dubber and Brainchip cashed in on major contracts.

ASX Tech sector delivers big in 2024. Picture via Getty Images

• ASX tech sector up 50pc in 2024, Nasdaq climbs 25pc

• Archer Materials best tech stock in December

• Dubber and Brainchip also winners after scoring big contracts

While everyone’s busy drooling over the US mega-tech stocks, there’s a quiet little revolution happening down under.

The ASX is becoming a playground for innovative tech small caps – those nimble players that could be the next big thing, and they’re definitely worth a look.

Forget the usual suspects; the Apples and Googles of the world – the real action could be happening with Aussie companies pushing the envelope in areas like AI; think Appen (ASX:APX), Adisyn (ASX:AI1), and Weebit Nano (ASX:WBT).

And just in case you were wondering: Australia’s tech sector is booming and it is now the third biggest industry here, after mining and banking.

In 2024, the S&P/ASX 200 Info Tech rose by an astonishing 50%, easily beating the benchmark ASX 200 index return of 8%.

Meanwhile, US tech stocks have also been on an absolute tear, with the Nasdaq 100 finishing 2024 up by 25%, adding to its jaw-dropping 54% rise in 2023.

The 'Magnificent Seven' – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla – remain the backbone of the US tech rally, cementing their status as market movers.

Nvidia has been the standout star in that cohort, with its share price soaring 183% last year alone.

The group’s massive influence on the Nasdaq and S&P 500 can't be overstated, but investors are now left wondering if the magic will continue, or if these giants have already priced in their growth.

While you ponder that question, here are the best and worst performing ASX tech stocks for December 2024:

ASX tech winners in December

Code	Name	Price	Month % Change	Market Cap
AXE	Archer Materials	0.58	84%	$147,811,268
DUB	Dubber Corp Ltd	0.032	60%	$83,185,629
BRN	Brainchip Ltd	0.39	53%	$769,262,511
MX1	Micro-X Limited	0.084	53%	$48,984,331
BVS	Bravura Solution Ltd	2.25	46%	$1,008,796,505
AI1	Adisyn Ltd	0.086	46%	$26,426,720
QHL	Quickstep Holdings	0.555	41%	$39,808,049
YOJ	Yojee Limited	0.13	37%	$35,828,501
CT1	Constellation Tech	0.002	33%	$2,949,467
SIS	Simble Solutions	0.004	33%	$3,345,321
WBT	Weebit Nano Ltd	3.6	30%	$746,167,540
ACE	Acusensus Limited	1.11	23%	$155,297,927
EOL	Energy One Limited	6.63	23%	$207,706,755
SEN	Senetas Corporation	0.028	22%	$44,031,137
ICE	Icetana Limited	0.017	21%	$4,498,683
ADA	Adacel Technologies	0.485	21%	$36,830,833
KNO	Knosys Limited	0.047	21%	$10,158,519
OEC	Orbital Corp Limited	0.13	18%	$21,361,055
LVE	Love Group Global	0.14	17%	$5,674,784
VR1	Vection Technologies	0.03	15%	$40,514,425
ERD	Eroad Limited	0.95	14%	$177,800,999
5GN	5G Networks Limited	0.17	13%	$51,900,292
TAL	Talius Group Limited	0.009	13%	$23,169,928
W2V	Way2Vatltd	0.009	13%	$8,393,990
DTZ	Dotz Nano Ltd	0.1	12%	$54,734,098
IFM	Infomedia Ltd	1.54	12%	$578,711,980
COS	Cosol Limited	1.04	11%	$189,268,348
ESK	Etherstack PLC	0.22	10%	$29,011,154
AJX	Alexium Int Group	0.012	9%	$18,918,137
SBW	Shekel Brainweigh	0.024	9%	$5,473,470
ZMM	Zimi Ltd	0.013	8%	$5,030,273
DSE	Dropsuite Ltd	4.64	8%	$326,003,584
BTH	Bigtincan Holdings	0.2	8%	$164,335,187
VIG	Victor Group Holdings	0.058	7%	$37,829,147
RDY	Readytech Holdings	3.1	7%	$377,024,592
SMN	Structural Monitor	0.475	7%	$72,119,955
1TT	Thrive Tribe Tech	0.002	7%	$2,813,446
CPU	Computershare	33.95	6%	$19,886,592,129
NOR	Norwood Systems	0.033	6%	$15,739,191
VGL	Vista Group Int Ltd	2.84	6%	$675,000,414
SKO	Serko	3.49	6%	$429,711,021
RKN	Reckon Limited	0.5975	6%	$67,693,662
EOS	Electro Optic Systems	1.295	6%	$249,872,968
FBR	FBR Ltd	0.04	5%	$202,394,350
PPS	Praemium Limited	0.735	5%	$351,429,391
EPX	EPT Global Limited	0.022	5%	$14,436,576
FCT	Firstwave Cloud Tech	0.023	5%	$39,410,930
PHX	Pharmx Technologies	0.074	4%	$44,289,502
PRO	Prophecy Internation	0.53	4%	$39,021,745
TNE	Technology One	31.31	4%	$10,249,909,019

Archer Materials (ASX:AXE)

Archer Materials was the best-performing tech stock in December, and it’s all because of the company’s exciting progress in quantum computing and healthcare.

Archer’s new carbon film for quantum computing works at room temperature, making the tech cheaper and easier to develop.

The company is also working on quantum sensors for industries like healthcare, automotive, and solar energy, offering much more precision than current sensors.

In healthcare, Archer’s biochip aims to make kidney disease testing fast and affordable with just a pinprick of blood, allowing people to test at home instead of visiting a hospital.

While it still needs regulatory approval, this could potentially transform how kidney disease is managed.

Investors are watching closely, but the big returns might take a few years to come through.

Still, the company is well-funded and pushing ahead with new partnerships to accelerate its innovations.

Dubber Corp (ASX:DUB)

Dubber’s stock spiked in December after a solid Q1 performance.

The company has a new CEO and is refreshing its board, but the key takeaway is that it’s kept all 230+ Communication Service Provider (CSP) partners, even after a rocky start to the year.

The launch of the Trends product is deepening relationships with partners and unlocking new market opportunities.

A $25 million capital raise in October is expected to boost partner confidence and drive more sales.

On the financial front, recurring revenue grew 3% quarter-on-quarter, and while total revenue dipped slightly due to lower one-time gains, it was still up 11% year-on-year.

Dubber also managed to cut costs by 5%, and said it’s on track to hit cash flow breakeven by the end of FY25.

BrainChip Holdings (ASX:BRN)

BrainChip's stock jumped in December thanks to two big announcements.

First, Frontgrade Gaisler licensed BrainChip's Akida 1.0 neuromorphic AI tech to use in space-grade microchips, a huge win for AI in space.

This licence could bring in royalty revenue for BRN, with a 10% cut on sales of Frontgrade’s space hardware.

The collaboration, backed by the European Space Agency, aims to boost space-based AI with ultra-low power, high-performance chips for satellites and other space applications.

Second, BrainChip snagged a $1.8 million contract from the Air Force Research Laboratory (AFRL) to develop radar signalling algorithms using its neuromorphic hardware.

This project will focus on improving radar processing with the company’s Akida 2.0 tech, offering better performance at lower power.

BRN said the contract is a strong endorsement for BrainChip’s AI in military and aerospace applications, showing the growing potential of its tech in mission-critical, low-power environments.

Micro-X (ASX:MX1)

Micro-X's stock shot up in December, also thanks to a key announcement.

MX1 said it has sealed a US$8.2m development contract from the US Advanced Research Projects Agency for Health (ARPA-H) to create a lightweight, portable full-body CT (computed tomography) scanner.

This contract builds on previous work with the company’s head and baggage CT programs. This latest program will run for two years, with the potential for a further three years and up to US$16.4m in funding to bring the product to market.

MX1 also clarified some public confusion about the contract, confirming that the deal was in the final stages but hadn’t been fully executed yet.

Despite that, the positive news of securing such significant backing for the project sent Micro-X’s stock into overdrive.

Bravura Solutions (ASX:BVS)

Bravura's stock price jumped after the company upgraded its FY25 guidance.

Cash EBITDA is now expected to be between $33 million and $36 million, up from the previous $28 million to $32 million range, with revenue forecasted to hit $240 million to $245 million.

The improved outlook follows the successful execution of Bravura’s business transformation over the past 18 months.

As a result of returning to profitability and strong cash generation, Bravura also plans to restart dividend payments in February 2025, with the first payout set for March.

In addition, shareholders will receive a capital return of at least $0.163 per share by the end of January.

Adisyn (ASX:AI1)

Adisyn's stock price has surged following its acquisition of 2DG, a company with a groundbreaking breakthrough in semiconductor technology.

2DG has developed a process that allows graphene to be grown at low temperatures, making it viable for integration into semiconductor manufacturing.

This breakthrough solves a major bottleneck in the industry by using graphene to improve chip performance while preventing heat buildup.

As a result, Adisyn now has the opportunity to tap into the rapidly growing semiconductor market, potentially reshaping chip production for AI, EVs, and more.

With the technology already catching the attention of industry giants like TSMC and Nvidia, the market is eagerly watching how this breakthrough will shape the future of chip manufacturing.

Now read: Adisyn’s 2D Generation is in the global race to bring graphene into advanced semiconductors

ASX tech losers in December

Code	Name	Price	Month % Change	Market Cap
4DS	4DS Memory Limited	0.05	-40%	$88,171,746
IFG	Infocus Group	0.02	-35%	$3,138,187
OPL	Opyl Limited	0.019	-27%	$3,666,398
CYB	Aucyber Limited	0.15	-25%	$24,534,504
HTG	Harvest Tech Grp Ltd	0.022	-24%	$19,289,707
ROC	Rocketboots	0.07	-21%	$7,960,604
FND	Findi Limited	4.73	-20%	$232,248,775
GTI	Gratifii	0.089	-19%	$27,323,783
NVU	Nanoveu Limited	0.034	-19%	$17,257,212
DTL	Data#3 Limited	6.39	-18%	$989,864,248
EML	EML Payments Ltd	0.835	-17%	$317,712,649
ODA	Orcoda Limited	0.12	-17%	$20,478,848
8CO	8Common Limited	0.03	-17%	$6,722,847
PIL	Peppermint Inv Ltd	0.005	-17%	$10,794,292
DUG	DUG Tech	1.395	-16%	$187,847,353
EIQ	Echoiq Ltd	0.23	-16%	$135,359,840
SNS	Sensen Networks Ltd	0.036	-16%	$28,549,349
VNL	Vinyl Group Ltd	0.1	-16%	$118,023,751
AD8	Audinate Group Ltd	7.41	-16%	$617,564,324
IRI	Integrated Research	0.45	-16%	$79,808,719
TZL	TZ Limited	0.059	-16%	$15,669,265
JCS	Jcurve Solutions	0.027	-16%	$8,919,273
SOR	Strategic Elements	0.046	-16%	$21,565,188
CAG	Caperangeltd	0.11	-15%	$10,439,913
BEO	Beonic Ltd	0.275	-14%	$18,580,527
JAN	Janison Edu Group	0.185	-14%	$48,079,327
RWL	Rubicon Water	0.29	-13%	$69,801,578
BCC	Beam Communications	0.065	-13%	$5,617,425
ASV	Asset Vision Co	0.02	-13%	$14,787,231
CGO	CPT Global Limited	0.067	-13%	$2,807,123
SP3	Spectur Limited	0.015	-12%	$4,622,252
XRG	Xreality Group Ltd	0.03	-12%	$17,073,013
CF1	Complii Fintech Ltd	0.023	-12%	$13,216,356
SPA	Spacetalk Ltd	0.155	-11%	$9,885,336
GTK	Gentrack Group Ltd	11.59	-11%	$1,248,441,108
360	Life360 Inc	22.54	-11%	$4,099,853,817
OLL	Openlearning	0.017	-11%	$8,205,469
SPX	Spenda Limited	0.009	-10%	$41,536,939
SLX	Silex Systems	5.05	-10%	$1,199,288,009
TYR	Tyro Payments	0.815	-9%	$429,494,732
NOV	Novatti Group Ltd	0.029	-9%	$15,684,534
OCL	Objective Corp	15.88	-9%	$1,513,935,616
EXT	Excite Technology	0.01	-9%	$17,561,006
PPK	PPK Group Limited	0.35	-9%	$31,784,374
1CG	One Click Group Ltd	0.01	-9%	$11,778,799
EXT	Excite Technology	0.01	-9%	$17,561,006
OAK	Oakridge	0.055	-8%	$1,484,885
HYD	Hydrix Limited	0.011	-8%	$3,000,457
OAK	Oakridge	0.055	-8%	$1,484,885
HSN	Hansen Technologies	5.35	-8%	$1,089,788,869

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Originally published as ASX December Tech Winners: Archer and Brainchip led the way as sector delivered big in 2024