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Amidst a volatile Australian market, with key sectors like energy and utilities facing significant downturns and health care showing modest gains, investors are navigating a complex landscape influenced by global trade tensions and fluctuating commodity prices. In this environment, identifying high growth tech stocks requires careful consideration of factors such as innovation potential, adaptability to market changes, and resilience against broader economic uncertainties.
Top 10 High Growth Tech Companies In Australia
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Telix Pharmaceuticals | 20.02% | 33.35% | ★★★★★★ |
| Gratifii | 42.14% | 113.99% | ★★★★★★ |
| WiseTech Global | 20.53% | 25.64% | ★★★★★★ |
| Pro Medicus | 22.56% | 23.74% | ★★★★★★ |
| BlinkLab | 65.54% | 64.35% | ★★★★★★ |
| Wrkr | 51.62% | 116.83% | ★★★★★★ |
| AVA Risk Group | 29.15% | 108.15% | ★★★★★★ |
| Mesoblast | 56.15% | 62.13% | ★★★★★★ |
| SiteMinder | 21.12% | 65.36% | ★★★★★★ |
| Opthea | 58.66% | 66.98% | ★★★★★★ |
Click here to see the full list of 54 stocks from our ASX High Growth Tech and AI Stocks screener.
Here's a peek at a few of the choices from the screener.
PYC Therapeutics
Simply Wall St Growth Rating: ★★★★☆☆
Overview: PYC Therapeutics Limited is a drug-development company focused on discovering and developing novel RNA therapeutics to treat genetic diseases in Australia, with a market cap of A$559.93 million.
Operations: The company generates revenue primarily through the discovery and development of novel RNA therapeutics, amounting to A$24.99 million.
PYC Therapeutics, a contender in Australia's high-growth tech sector, is navigating through its early unprofitable phase with strategic moves aimed at future profitability. With an annual revenue growth forecast at 10.1%, PYC outpaces the broader Australian market's 5.4% growth rate, showcasing its potential amidst industry challenges. The company recently reported a half-year revenue jump to AUD 12.69 million from AUD 9.12 million year-over-year but also noted an increased net loss of AUD 25.57 million, reflecting significant reinvestment and R&D expenses crucial for long-term gains. Additionally, a recent follow-on equity offering of AUD 145.81 million underscores their aggressive capital raising efforts to fuel research and expansion strategies essential for transitioning into profitability projected within three years.
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Delve into the full analysis health report here for a deeper understanding of PYC Therapeutics.
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Explore historical data to track PYC Therapeutics' performance over time in our Past section.
Qoria
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Qoria Limited is engaged in the marketing, distribution, and sale of cyber safety products and services across Australia, New Zealand, the United Kingdom, the United States, Europe, and other international markets with a market cap of A$577.60 million.