Latvian Software ROE over 20

Empro Group

Market Cap: US$144.6m

Through its subsidiary, sells healthcare and beauty products in Malaysia and internationally.

Pro-Dex

Market Cap: US$143.4m

Designs, develops, manufactures, and sells powered surgical instruments for medical device original equipment manufacturers worldwide.

Vantage Drilling International

Market Cap: US$135.6m

Operates as an offshore drilling company that provides offshore contract drilling services in the United States and internationally.

Oramed Pharmaceuticals

Market Cap: US$132.5m

Engages in the research and development of pharmaceutical solutions with a technology platform for the oral delivery of therapeutic proteins.

DeFi Development

Market Cap: US$130.6m

Focuses on building its treasury around Solana (SOL).

Julong Holding

Market Cap: US$130.2m

Provides intelligent integrated services and solutions to various infrastructure projects in China.

NameSilo Technologies

Market Cap: US$126.5m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Steele Bancorp

Market Cap: US$120.9m

Operates as a bank holding company for Mifflinburg Bank and Trust Company that provides commercial, mortgage, residential real estate, consumer loan financing, and deposit services in Pennsylvania.

Comstock Holding Companies

Market Cap: US$117.5m

Operates as a asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C.

Cohen

Market Cap: US$114.3m

A publicly owned investment manager.

Xtra-Gold Resources

Market Cap: US$113.8m

Engages in the exploration and development of gold properties.

Kestrel Group

Market Cap: US$97.5m

Engages in provision of fronting services to insurance program managers, MGAs, reinsurers, and reinsurance brokers in Bermuda.

Elron Ventures

Market Cap: US$93.9m

A venture capital firm specializing in early stage and seed investment.

Bluemount Holdings

Market Cap: US$93.9m

Through its subsidiaries, provides financial consulting services.

Almco Plumbing

Market Cap: US$90.8m

Engages in the plumbing business in the United States.

Capital Properties

Market Cap: US$89.1m

Engages in leasing land in downtown Providence, Rhode Island under long-term ground leases.

BTCS

Market Cap: US$85.7m

A blockchain technology company, provides blockchain infrastructure services in the United States.

PAPA Medical

Market Cap: US$85.0m

Papa Medical Inc. provides cannabis dosing solutions in the United States.

BioStem Technologies

Market Cap: US$84.9m

Engages in the development, manufacturing, and commercialization of placental-derived allografts for advanced wound care and regenerative therapies in the United States.

UY Scuti Acquisition

Market Cap: US$79.4m

Does not have significant operations.

Solera National Bancorp

Market Cap: US$77.5m

Operates as the bank holding company for Solera National Bank, which provides commercial and consumer banking services in the United States.

Golden Growers Cooperative

Market Cap: US$77.5m

Operates as an agricultural cooperative association primarily in Minnesota, North Dakota, and South Dakota.

BEST SPAC I Acquisition

Market Cap: US$75.5m

Does not have significant operations.

Research Solutions

Market Cap: US$73.6m

Through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally.

Fold Holdings

Market Cap: US$70.3m

A bitcoin financial services company, provides access to bitcoin through a suite of consumer financial products in the United States.

Leifras

Market Cap: US$69.3m

Operates as a sports and social business company in Japan.

Haoxi Health Technology

Market Cap: US$68.4m

Through its subsidiaries, provides online marketing solutions in China.

LifeVantage

Market Cap: US$66.6m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, weight management, pre and pro-biotics and skin and hair care products.

Sunlands Technology Group

Market Cap: US$60.4m

Provides online education services through online and mobile platforms in the People’s Republic of China.

uCloudlink Group

Market Cap: US$59.6m

Operates as a mobile data traffic sharing marketplace in the telecommunications industry.

Highwater Ethanol

Market Cap: US$57.0m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

Acorn Energy

Market Cap: US$53.4m

Through its subsidiary, develops and markets wireless remote monitoring and control systems in the United States and internationally.

Westell Technologies

Market Cap: US$52.4m

Through its subsidiary, designs, manufactures, and distributes telecommunications solutions to telephone companies in the United States.

Smart Digital Group

Market Cap: US$49.4m

Provides internet media, business planning and consulting, event planning and execution, and software customization and marketing services in Mainland China and Macau.

DynaResource

Market Cap: US$43.0m

Engages in the investment, exploration, and management of precious metal assets in Mexico.

Yijia Group

Market Cap: US$40.3m

Provides business consulting services in the United States, Hong Kong, China, and internationally.