U.S. Undervalued Small Caps

Thryv Holdings

Market Cap: US$264.5m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Tennant

Market Cap: US$1.4b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Zevra Therapeutics

Market Cap: US$480.2m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

Byrna Technologies

Market Cap: US$394.3m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Aviat Networks

Market Cap: US$274.3m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

J.Jill

Market Cap: US$215.4m

Operates as an omnichannel retailer for women’s apparel in the United States.

AdaptHealth

Market Cap: US$1.3b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

HNI

Market Cap: US$1.9b

Engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada.

Opera

Market Cap: US$1.3b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

LSI Industries

Market Cap: US$561.8m

Manufactures, markets, and sells non-residential lighting and retail display solutions in the United States.

Perfect

Market Cap: US$177.2m

An artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.

CI&T

Market Cap: US$601.1m

Provides strategy, design, and software engineering services worldwide.

Nutex Health

Market Cap: US$1.2b

Operates as a healthcare services and operations company in the United States.

Strategic Education

Market Cap: US$1.9b

Provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills.

Betterware de MéxicoP.I. de

Market Cap: US$524.4m

Operates as a direct-to-consumer selling company in the United Staes and Mexico.

Abeona Therapeutics

Market Cap: US$287.2m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

USCB Financial Holdings

Market Cap: US$344.8m

Operates as the bank holding company for U.S.

Harmonic

Market Cap: US$1.1b

Provides broadband access solutions worldwide.

Endava

Market Cap: US$360.4m

Provides technology services in North America, Europe, the United Kingdom, and internationally.

OMS Energy Technologies

Market Cap: US$182.5m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

Meridian

Market Cap: US$201.0m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

CF Bankshares

Market Cap: US$166.6m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Insteel Industries

Market Cap: US$615.1m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

Northpointe Bancshares

Market Cap: US$606.9m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

SIGA Technologies

Market Cap: US$446.1m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

Power Solutions International

Market Cap: US$1.5b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Farmers National Banc

Market Cap: US$517.0m

Operates as a bank holding company for The Farmers National Bank of Canfield that engages in the banking, trust, retirement consulting, insurance, and financial management businesses.

WM Technology

Market Cap: US$148.8m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Peapack-Gladstone Financial

Market Cap: US$495.2m

Operates as the bank holding company for Peapack Private Bank & Trust that provides private banking and wealth management services in the United States.

GoodRx Holdings

Market Cap: US$933.4m

Offers information and tools that enable consumers to compare prices and save on their prescription drug purchases in the United States.

Imperial Petroleum

Market Cap: US$130.4m

Provides seaborne transportation services worldwide.

HBT Financial

Market Cap: US$823.2m

Operates as the bank holding company for Heartland Bank and Trust Company that provides financial products and services to consumers, businesses, and municipal entities in Illinois and Eastern Iowa.

Third Coast Bancshares

Market Cap: US$554.7m

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in the United States.

China Yuchai International

Market Cap: US$1.4b

Manufactures, assembles, and sells diesel and natural gas engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications.

Nicolet Bankshares

Market Cap: US$1.9b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Alliance Entertainment Holding

Market Cap: US$400.0m

Operates as a wholesaler and e-commerce provider for the entertainment industry worldwide.