High Growth Tech Stocks in Australia to Watch This September 2024

In This Article:

Over the last 7 days, the Australian market has risen 2.1%, driven by gains in every sector, and over the past 12 months, it is up 13%. In this thriving environment where earnings are expected to grow by 12% per annum over the next few years, identifying high growth tech stocks with strong fundamentals and innovative potential becomes crucial for investors.

Top 10 High Growth Tech Companies In Australia

Name

Revenue Growth

Earnings Growth

Growth Rating

Clinuvel Pharmaceuticals

22.32%

27.42%

★★★★★★

Pureprofile

14.94%

80.73%

★★★★★☆

DUG Technology

10.90%

31.83%

★★★★★☆

ImExHS

20.47%

111.20%

★★★★★★

AVA Risk Group

32.56%

118.83%

★★★★★★

Careteq

37.17%

126.21%

★★★★★☆

Pointerra

56.62%

126.45%

★★★★★★

Wrkr

36.31%

100.29%

★★★★★★

Adveritas

57.98%

144.21%

★★★★★★

SiteMinder

19.39%

60.31%

★★★★★☆

Click here to see the full list of 63 stocks from our ASX High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Life360

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Life360, Inc. operates a technology platform designed to locate people, pets, and things across various regions including North America, Europe, the Middle East, Africa, and internationally with a market cap of A$3.83 billion.

Operations: The company's primary revenue stream comes from its Software & Programming segment, which generated $328.68 million. The platform focuses on location-based services for people, pets, and things across multiple regions globally.

Life360's recent unveiling of an advanced Tile Bluetooth tracker range underscores its commitment to enhancing family safety through technology, a move that could bolster user engagement and retention. With features like extended range and louder rings, these trackers integrate seamlessly with the Life360 app, augmenting the company's ecosystem with practical solutions for everyday challenges. This innovation arrives amid a 15.7% annual revenue growth forecast, outpacing the Australian market's 5.4%. Moreover, earnings are projected to surge by 68.5% annually, signaling robust future prospects despite current unprofitability. The company’s focus on R&D is evident from its strategic product expansions and partnerships aimed at diversifying revenue streams and enhancing user experience, positioning it favorably within the high-growth tech landscape in Australia.

ASX:360 Earnings and Revenue Growth as at Sep 2024
ASX:360 Earnings and Revenue Growth as at Sep 2024

Iress

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Iress Limited designs and develops software and services for the financial services industry across the Asia Pacific, United Kingdom, Europe, Africa, and North America with a market cap of A$1.82 billion.