As the ASX 200 started the new financial year trading flat, with sectors like Utilities and IT showing positive intra-day gains, investors are closely watching for opportunities amid mixed performances across various industries. Penny stocks, although an older market term, continue to represent smaller or less-established companies that may present value and growth potential. By focusing on those with solid financials and a clear path forward, investors can uncover promising opportunities in these under-the-radar stocks.

Click here to see the full list of 477 stocks from our ASX Penny Stocks screener.

Let's dive into some prime choices out of the screener.

★★★★★★

Ai-Media Technologies Limited offers technology-driven captioning, transcription, and translation services across Australia, New Zealand, Singapore, Malaysia, North America, and the United Kingdom with a market cap of A$116.94 million.

The company's revenue is derived from its Internet Software & Services segment, amounting to A$65.30 million.

Market Cap: A$116.94M

Ai-Media Technologies Limited, with a market cap of A$116.94 million and revenue of A$65.30 million, is leveraging its LEXI platform to expand accessibility in multilingual broadcasting. Recent partnerships with Lightning International and AudioShake enhance its real-time translation capabilities, opening new revenue streams by breaking language barriers across global markets. While currently unprofitable, Ai-Media has improved its financial position over the past five years and maintains a sufficient cash runway for more than three years due to positive free cash flow growth. Despite these strengths, the company faces challenges such as an inexperienced board and ongoing unprofitability.