Life360 And 2 High Growth Tech Stocks In Australia

In This Article:

The Australian market has been experiencing mixed performance, with the ASX200 slightly down by 0.1% at 8,317 points, as energy and financial sectors show resilience while discretionary stocks face pressure. In this environment of fluctuating indices and sector-specific dynamics, identifying high-growth tech stocks such as Life360 can be crucial for investors seeking opportunities amidst broader market challenges.

Top 10 High Growth Tech Companies In Australia

Name

Revenue Growth

Earnings Growth

Growth Rating

Infomedia

6.77%

20.97%

★★★★★☆

Clinuvel Pharmaceuticals

21.38%

26.16%

★★★★★☆

Pureprofile

14.31%

71.53%

★★★★★☆

Adherium

86.80%

73.66%

★★★★★★

Telix Pharmaceuticals

21.55%

38.32%

★★★★★★

ImExHS

20.47%

111.20%

★★★★★★

AVA Risk Group

25.54%

77.32%

★★★★★★

Pointerra

56.62%

126.45%

★★★★★★

Wrkr

37.21%

98.46%

★★★★★★

SiteMinder

18.84%

60.66%

★★★★★☆

Click here to see the full list of 57 stocks from our ASX High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Life360

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Life360, Inc. operates a technology platform designed to locate people, pets, and things across various regions globally, with a market cap of A$4.82 billion.

Operations: The company generates revenue primarily through its Software & Programming segment, totaling $342.92 million. It operates a technology platform that facilitates location services across multiple regions, including North America and Europe.

Life360 has demonstrated resilience and strategic foresight in the tech sector, particularly with its recent enhancement of Tile Bluetooth trackers, which now integrate more deeply with the Life360 app. This innovation not only extends the product's utility but also reinforces customer loyalty by improving safety features and device interconnectivity. Despite a slight downward revision in their 2024 revenue forecast to $368 million from an earlier range of $370 million to $378 million, Life360 reported a significant turnaround with third-quarter revenues jumping to $92.87 million from $78.62 million year-over-year and swinging to a net profit of $7.69 million from a loss previously. These figures underscore a robust core subscription growth maintained at over 25% annually, reflecting strong market demand and effective business adaptations amidst competitive pressures.

ASX:360 Revenue and Expenses Breakdown as at Nov 2024
ASX:360 Revenue and Expenses Breakdown as at Nov 2024

Audinate Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Audinate Group Limited develops and sells digital audio visual (AV) networking solutions in Australia and internationally, with a market capitalization of A$751.74 million.