The Australian market was flat last week, but is up 22% over the past year, and revenues are expected to rise 12% annually. In this environment, identifying high-growth tech stocks like Life 360 can be important for investors looking to take advantage of potential opportunities in a rapidly evolving sector.
name
increase in revenue
revenue growth
growth assessment
Clinuvel Pharmaceutical
22.32%
27.42%
★★★★★
pure profile
14.94%
80.73%
★★★★★☆
Adelium
86.80%
73.66%
★★★★★
ImExHS
20.47%
111.20%
★★★★★
Teryx Pharmaceuticals
21.54%
38.44%
★★★★★
AVA Risk Group
32.56%
118.83%
★★★★★
pointera
56.62%
126.45%
★★★★★
Workle
36.31%
100.29%
★★★★★
advertisement
57.98%
144.21%
★★★★★
SiteMinder
19.65%
60.64%
★★★★★☆
Click here to see the complete list of 64 stocks in the ASX High Growth Technology and AI Stock Screener.
Consider your selections from the screener results.
Simply Wall Street Growth Rating: ★★★★☆
Overview: Life360, Inc. operates a technology platform for locating people, pets, and objects in various regions including North America, Europe, the Middle East, and Africa, and has a market capitalization of A$4.96 billion. is.
Business Operations: The company primarily generates revenue from its software and programming segment, which amounts to $328.68 million. We are focused on providing a technology platform for locating people, pets, and objects across multiple geographies.
Even in difficult financial times, Life360 continues to innovate, as evidenced by the recent launch of the updated Tile product line. These enhancements not only improve the utility and reach of the product, but also seamlessly integrate with Life360’s apps and enhance user safety through features such as SOS alerts. This move reflects a strategic shift towards converging hardware and software solutions, which could improve user engagement and retention. On the financial front, net loss for the first half of 2024 increased to $20.74 million from $18.48 million a year ago, but revenue growth remains strong at 15.7% annually. The company’s commitment to research and development is evidenced by continued product innovation and renewed partnerships with Arity and Placer.ai, which are expected to significantly enhance future revenue streams.
ASX:360 revenue and revenue growth (as of October 2024)
Simply Wall Street Growth Rating: ★★★★☆
Overview: Hansen Technologies Limited specializes in the development, integration and support of billing system software for the energy, utilities, communications and media sectors and has a market capitalization of A$1 billion.
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Business Operations: Hansen Technologies primarily derives its revenue from its billing segment, which accounts for A$347.61 million. The company operates in the energy, utilities, communications and media sectors.
Despite a challenging year in which net profit declined from A$42.8 million to A$21.06 million, Hansen Technologies continued to improve its strategic customer relationships and innovative solutions such as Hansen CIS for Area Net AS. Take advantage of it and prepare for your recovery. The system is critical to increasing operational efficiency through a cloud-based SaaS model and highlights Hansen’s commitment to technological advancement and customer satisfaction. Additionally, the company’s significant R&D investment is in line with its annual revenue growth forecast of 5.6%, which is higher than the broader Australian market forecast of 5.5%. This focus on innovation is critical as revenues are expected to soar at an impressive 20.9% annual growth, demonstrating Hang Seng’s potential to effectively navigate future market trends.
ASX:HSN revenue and expense breakdown (as of October 2024)
Simply Wall Street Growth Rating: ★★★★☆
Overview: REA Group Limited operates online real estate advertising businesses in Australia, India, the United States, Malaysia, Singapore, Thailand, Vietnam and other international markets and has a market capitalization of A$29.99 billion.
Business Operations: REA Group derives its revenue primarily from the Australian real estate and online advertising sectors, amounting to A$1.25 billion, followed by Australian Financial Services with A$320.6 million and operations in India. accounted for A$103.1 million. The company’s focus on digital platforms supports broad reach across multiple international markets.
Despite a 15% decline in revenue over the past year, REA Group is forecasting continued strong growth, with revenue expected to increase by 6.3% for the year, above the Australian market’s forecast of 5.5%. This resilience is further underlined by aggressive research and development spending that closely aligns with our revenue trajectory, ensuring continued innovation in our interactive media and services. Additionally, the company’s strategic dividend increase of 23% and promising forecast of 17.5% annual revenue growth demonstrate strong financial health and shareholder value growth in a competitive environment.
ASX:REA revenue and revenue growth (as of October 2024)
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASX:360 ASX:HSN and ASX:REA.
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