High Growth Tech Stocks To Watch In The UK August 2024

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The United Kingdom's market has recently experienced some turbulence, with the FTSE 100 index closing lower due to weak trade data from China and broader global economic concerns. Despite these challenges, high-growth tech stocks in the UK continue to attract attention as investors seek opportunities that can thrive even amid uncertain market conditions.

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%

★★★★★☆

STV Group

13.43%

47.09%

★★★★★☆

Trustpilot Group

16.23%

31.98%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

LungLife AI

81.57%

89.13%

★★★★★☆

IQGeo Group

11.49%

63.61%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Seeing Machines

24.07%

93.93%

★★★★★☆

Click here to see the full list of 47 stocks from our UK High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Nexxen International

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers a comprehensive software platform for advertisers to connect with publishers in Israel and has a market cap of £412.35 million.

Operations: Nexxen International Ltd. generates $334.69 million in revenue from its marketing services segment, providing an end-to-end software platform for advertisers to reach publishers in Israel.

Nexxen International's recent earnings report highlights a notable turnaround, with Q2 sales reaching $88.58 million and net income at $2.92 million compared to a net loss of $5.61 million last year. The company's strategic data partnership with The Trade Desk enhances cross-channel targeting capabilities, leveraging Nexxen's unique automatic content recognition (ACR) data segments for efficient media investments. With R&D expenses reflecting significant investment in innovation, Nexxen's revenue is forecasted to grow 8.5% annually, outpacing the UK market’s 3.7%.

AIM:NEXN Earnings and Revenue Growth as at Aug 2024
AIM:NEXN Earnings and Revenue Growth as at Aug 2024

Tracsis

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tracsis plc, with a market cap of £197.12 million, provides software and hardware solutions along with data analytics/GIS services for the rail, traffic data, and transportation industry.

Operations: Tracsis generates revenue primarily from two segments: Rail Technology & Services (£34.59 million) and Data, Analytics, Consultancy & Events (£44.80 million). The company focuses on providing specialized software, hardware, and data analytics solutions tailored to the rail and transportation sectors.