Exploring GB Group And 2 Other High Growth Tech Stocks

In This Article:

The UK market has recently faced headwinds, with the FTSE 100 closing lower amid weak trade data from China, which has impacted companies closely tied to its economic fortunes. In this challenging environment, identifying high-growth tech stocks like GB Group and two others can offer potential opportunities for investors seeking resilience and innovation in their portfolios.

Top 10 High Growth Tech Companies In The United Kingdom

Name

Revenue Growth

Earnings Growth

Growth Rating

Filtronic

21.64%

33.46%

★★★★★★

YouGov

14.30%

29.79%

★★★★★☆

Facilities by ADF

32.33%

94.46%

★★★★★★

STV Group

13.43%

47.09%

★★★★★☆

Trustpilot Group

16.23%

31.98%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

IQGeo Group

11.49%

63.61%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Seeing Machines

23.98%

93.74%

★★★★★☆

Click here to see the full list of 50 stocks from our UK High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

GB Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: GB Group plc, with a market cap of £854.61 million, provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Operations: GB Group plc generates revenue through three primary segments: Fraud (£40.20 million), Identity (£156.06 million), and Location (£81.07 million). The company operates across various regions, including the UK, US, Australia, and other international markets.

GB Group's revenue is forecast to grow at 6.8% annually, outpacing the UK market's 3.7%. Despite being unprofitable, earnings are expected to surge by 92.89% per year, with profitability anticipated within three years. The company declared a final dividend of £0.042 per share for FY24, amounting to £10.6 million, reflecting a slight increase from the previous year's £10.1 million payout. R&D expenditure remains pivotal for GB Group’s innovation and long-term growth trajectory in the tech sector.

AIM:GBG Revenue and Expenses Breakdown as at Aug 2024

Nexxen International

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers a comprehensive software platform for advertisers to connect with publishers in Israel, with a market cap of £410.46 million.

Operations: Nexxen International Ltd. generates revenue primarily through its marketing services, amounting to $339.02 million. The company focuses on enabling advertisers to effectively reach publishers in Israel using its end-to-end software platform.