High Growth Tech Stocks To Watch In December 2024

As global markets witness a divergence in major indexes, with growth stocks leading the charge and small-cap indices like the Russell 2000 experiencing a decline, investors are keenly observing how economic indicators such as job growth and Federal Reserve policy might influence market dynamics. In this environment, identifying high-growth tech stocks involves looking for companies that not only demonstrate strong innovation and adaptability but also align well with sectors currently outperforming, such as information technology and consumer discretionary.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Yggdrazil Group	30.20%	87.10%	★★★★★★
Ascelia Pharma	76.15%	47.16%	★★★★★★
Waystream Holding	22.09%	113.25%	★★★★★★
Pharma Mar	25.43%	56.19%	★★★★★★
CD Projekt	24.93%	27.00%	★★★★★★
Alnylam Pharmaceuticals	22.35%	70.33%	★★★★★★
Alkami Technology	21.94%	98.60%	★★★★★★
Initiator Pharma	73.95%	31.67%	★★★★★★
Elliptic Laboratories	70.09%	111.37%	★★★★★★
Travere Therapeutics	31.70%	72.51%	★★★★★★

Click here to see the full list of 1291 stocks from our High Growth Tech and AI Stocks screener.

Let's explore several standout options from the results in the screener.

Com2uS (KOSDAQ:A078340)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Com2uS Corporation is a global developer and publisher of mobile games, with operations spanning South Korea, the United States, China, Japan, Taiwan, Southeast Asia, Europe, and other international markets; it has a market capitalization of approximately ₩543.11 billion.

Operations: The company's primary revenue stream is from its Game segment, generating ₩549.09 billion, followed by Production of Broadcast Contents at ₩72.22 billion. The VFX and New Media segment contributes ₩9.64 billion, while Exhibition Events and related activities add ₩33.05 billion to the revenue mix.

Com2uS's trajectory in the tech sector is marked by a robust commitment to innovation, as evidenced by its R&D spending trends. With an annual revenue growth forecast at 11.6%, Com2uS is outpacing the Korean market's average of 9%. However, it’s important to note that while earnings are expected to surge by 95.3% annually, the company currently operates at a loss. Recent financial reports show a significant dip in net income from KRW 18.3 billion last year to KRW 3.2 billion this quarter, underscoring volatility in profitability despite revenue resilience. This juxtaposition of high growth potential against current unprofitability presents a nuanced investment landscape where future profitability hinges on effective capital management and market adaptation. In recent events, Com2uS has been active on the conference circuit, presenting at both NH Corporate Day and Korea Capital Market Conference in late 2024, signaling ongoing efforts to engage with investors and stakeholders about its strategic direction and operational updates. These platforms not only enhance visibility but also provide insights into how Com2uS plans to navigate its challenges including scaling operations amidst fluctuating earnings while leveraging R&D investments (which remain undisclosed) to potentially secure a competitive edge in high-growth tech sectors like mobile gaming and AI-driven content creation.

• Get an in-depth perspective on Com2uS' performance by reading our health report here.

• Explore historical data to track Com2uS' performance over time in our Past section.

WemadeLtd (KOSDAQ:A112040)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Wemade Co., Ltd. is a company that develops and publishes games both in South Korea and internationally, with a market cap of ₩1.34 trillion.

Operations: The company generates revenue primarily from its gaming business, which accounted for ₩663.58 billion.

WemadeLtd's recent performance showcases a dynamic interplay between revenue growth and R&D commitment, crucial for sustaining its position in the competitive tech landscape. With a reported 12.2% annual revenue increase, the firm is outpacing the Korean market average of 9%. Despite this growth, it faces challenges as evidenced by a slight net income increase to KRW 41.937 billion from KRW 41.560 billion year-over-year in Q3 2024, alongside an overall net loss of KRW 9.7 billion over nine months. This scenario underscores the delicate balance WemadeLtd must maintain between expanding its market footprint and managing operational efficiencies. The company's aggressive pursuit of innovation is reflected in its R&D spending trends which are pivotal for future profitability and competitiveness in high-growth sectors like AI and blockchain technologies.

• Click here to discover the nuances of WemadeLtd with our detailed analytical health report.

• Evaluate WemadeLtd's historical performance by accessing our past performance report.

Hunan Kylinsec Technology (SHSE:688152)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Hunan Kylinsec Technology Co., Ltd. is a company that supplies software products, with a market capitalization of CN¥5.16 billion.

Operations: Kylinsec Technology generates revenue primarily from its software product offerings. The company's gross profit margin is 45.67%, reflecting its efficiency in managing production and operational costs relative to sales.

Hunan Kylinsec Technology is navigating a transformative phase with its revenue forecast to surge by 44.9% annually, outstripping the broader Chinese market's growth of 13.7%. This rapid expansion is mirrored in its earnings, expected to rocket by 117% per year. Despite current unprofitability, this trajectory towards profitability within three years underscores its potential in a fiercely competitive sector. The firm's commitment to innovation is evident from its R&D spending trends, which are crucial for carving out a sustainable niche amidst technological advances and market shifts. Recent financial disclosures reveal an improvement in net losses — CNY 22.94 million down from CNY 37.9 million year-over-year — highlighting effective cost management and operational adjustments that could pave the way for future gains.

• Unlock comprehensive insights into our analysis of Hunan Kylinsec Technology stock in this health report.

• Gain insights into Hunan Kylinsec Technology's past trends and performance with our Past report.

Turning Ideas Into Actions

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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