Fast-Growing Companies to Keep an Eye On This Year
Despite the uncertain state of the economy in 2023, many companies have seen tremendous growth over the last year and are predicted to continue on this trajectory well into 2024. These companies are posting incredible growth while operating in completely different industries. Let’s see what makes these enterprises special!
Evolution
Evolution is a Swedish iGaming company that produces world-class online casino games. Their games are available all over the world, from the UK to the US and everywhere in between. Evolution originally specialized in live dealer games like live baccarat and live roulette at Paddy Power, where you connect to a gaming studio via HD live stream, and a professional dealer runs the action. Now, they produce a full suite of titles, including cutting-edge slot machines.
Some of their key acquisitions include Ezugi, NetEnt, and Big Time Gaming. Evolution is now a $20 billion + company, yet its income is still growing at 40% annually. With the meteoric rise of the online casino industry, you can imagine that Evolution and similar iGaming brands will continue to see success in the years to come.
Fleet Space Technologies
Fleet Space Technologies is an Australian-based space company that specializes in creating low-cost satellite-based systems for industrial IoT applications. Its revenue has grown at 582% annually over the last few years and reached $8.9 million in 2023.
The company currently has six satellites in orbit. Fleet Space Technologies’ satellites are already being used by companies like Rio Tinto and Core Lithium, who have used Fleet Space’s mapping technology to hunt for valuable minerals. This company’s growth is untapped, and they have recently won a contract from the Australian Space Agency to land a sensor on the Moon and search for water. The founder, Flavia Tata Nardini, hopes to one day see Fleet Space’s sensors land on Mars!
CareBridge
CareBridge is based in Nashville, TN, and is one of America’s fastest-growing companies. CareBridge is a healthcare company that provides a range of home-based care to vulnerable people who have physical, intellectual, or developmental challenges. In the past, these people would be confined to institutions, but CareBridge is giving them the treatment and support they need to stay in their communities.
Through the use of two-way tablets, carers and patients can connect with them with a range of healthcare services 24/7. Healthcare providers can monitor vital signs and provide in-home care, which substantially limits the need for hospital visits. CareBridge’s revenue has grown 157,144 percent over the last year and has reached $873 million. Revenue is expected to continue to grow as insurance companies have hired CareBridge to look after their clients who require at-home care services.
It will be interesting to see where these companies will end up in the next five or ten years, but we are predicting they will all have bright futures. There is so much opportunity out there, no matter if you are in iGaming, space, or healthcare, businesses are disrupting and achieving better outcomes for consumers.
