Nigerian Software ROE over 20

Niagen Bioscience

Market Cap: US$386.8m

Operates as a bioscience company engages in developing healthy aging products.

IBEX

Market Cap: US$384.6m

Provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally.

American Integrity Insurance Group

Market Cap: US$378.5m

Operates as an insurance company in the United States.

Paul Mueller

Market Cap: US$362.2m

Provides manufactured equipment and components in the United States, North America, the Netherlands, Europe, and internationally.

Spire Global

Market Cap: US$358.5m

Provides subscription-based data, insights, predictive analytics, and related project-based services worldwide.

Value Line

Market Cap: US$351.0m

Engages in the production and sale of investment periodicals and related publications.

NorthStar Healthcare Income

Market Cap: US$343.6m

Together with its consolidated subsidiaries (the Company), owns a diversified portfolio of seniors housing properties, including independent living facilities (ILFs), assisted living facilities (ALFs) and memory care facilities (MCFs) located throughout the United States.

Quad/Graphics

Market Cap: US$340.8m

Provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia.

NVE

Market Cap: US$330.7m

Develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information, both in the United States and internationally.

Phoenix Asia Holdings

Market Cap: US$330.4m

Provides substructure works services in Hong Kong.

Finance of America Companies

Market Cap: US$328.6m

A financial service holding company, through its subsidiaries, provides home equity-based financing solutions for a modern retirement in the United States.

Nam Tai Property

Market Cap: US$327.0m

Through its subsidiaries, owns, develops, and operates technology and industrial parks in the People’s Republic of China.

Onity Group

Market Cap: US$324.9m

A financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.

XOMA Royalty

Market Cap: US$319.3m

Operates as a biotech royalty aggregator in the United States and the Asia Pacific.

Jiayin Group

Market Cap: US$313.8m

Engages in the provision of online consumer finance services in the People’s Republic of China.

Agencia Comercial Spirits

Market Cap: US$310.7m

Imports, procures, distributes, and sells bottled, raw cask, and proprietary brand whisky products in Taiwan and international markets.

TOYO

Market Cap: US$301.4m

Engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States.

Puma Biotechnology

Market Cap: US$299.2m

A biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally.

BK Technologies

Market Cap: US$296.7m

Through its subsidiary, BK Technologies, Inc., engages in the design, manufacture, and marketing of wireless communications products in the United States and internationally.

Abeona Therapeutics

Market Cap: US$268.5m

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

SuRo Capital

Market Cap: US$256.6m

A venture capital, mezzanine, secondary(direct) and business development company specializing in growth capital, emerging growth, late stage and venture capital-backed private companies.

Butler National

Market Cap: US$241.8m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

eGain

Market Cap: US$239.9m

Engages in the development, license, implementation, and support of its customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Pitanium

Market Cap: US$239.1m

Through its subsidiaries, operates as a retailer of skincare and personal care products in Hong Kong.

Cian

Market Cap: US$237.9m

Operates an online real estate classifieds platform in Russia.

J.Jill

Market Cap: US$233.5m

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

Kingstone Companies

Market Cap: US$217.5m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Keros Therapeutics

Market Cap: US$217.3m

A clinical-stage biopharmaceutical company, develops and commercializes novel therapeutics to treat patients with disorders linked to dysfunctional signaling of the transforming growth factor-beta family of proteins in the United States.

Compugen

Market Cap: US$211.8m

A clinical-stage therapeutic discovery and development company, engages in the research, development, and commercialization of therapeutics and product candidates in Israel, the United States, and Europe.

X Financial

Market Cap: US$198.4m

Operates as an online personal finance company in the People's Republic of China.

Smith-Midland

Market Cap: US$174.7m

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems.

Pro-Dex

Market Cap: US$155.4m

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

RCM Technologies

Market Cap: US$144.8m

Provides business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

Empro Group

Market Cap: US$144.6m

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

Oramed Pharmaceuticals

Market Cap: US$136.5m

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

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.