:sharpen(level=0):output(format=jpeg)/up/dt/2011/07/5644c9608b8bbe9e519e30607810a20b.jpg "Henry Schein Supports Brazil Flood Relief Efforts with Donations and Fundraising")
Three businesses, Perion, Mitek, and Gran Tierra, have emerged as potential investment opportunities due to their growth potential in various industries.
Perion (NASDAQ: PERI) reported a significant increase in revenue during Q4 2023, reaching $234.2 million, a 12% YoY increase. Notably, revenue from retail media saw a substantial rise of 196% YoY to $20.2 million, accounting for 17% of display advertising income. Perion’s revenue from connected TV (CTV) also grew significantly, reaching $14.4 million, a 69% increase from the previous year. Additionally, quarterly search revenue increased by 33% YoY to $114.4 million, demonstrating Perion’s ongoing success in this market. Non-GAAP net income grew by 19% YoY, indicating a solid and progressive bottom line.
Mitek (NASDAQ: MITK) has adapted its product line to meet changing customer demands through technological advancements. The company’s Mitek 1.0, 2.0, and 3.0 products offer new features and capabilities, making it a leader in technology widely used in the banking sector. With over 90 patents, Mitek demonstrates a commitment to innovation. Customers using Mitek’s Check Fraud Defender reported saving over $16 million in less than six months, showcasing the value and efficiency of Mitek’s solutions. The company aims to engage more than fifty Check Fraud Defender users in the consortium by the end of the 2024 fiscal year.
Gran Tierra (NYSEMKT: GTE) achieved a 3% increase in overall average working interest output in Q1 2024, reaching 32,242 barrels of oil per day (BOPD). Despite social unrest causing a temporary production delay of around 1,000 BOPD in the Acordionero field, Gran Tierra managed to resume production at the anticipated level of over 17,000 BOPD. The company’s operational resilience and ability to overcome obstacles demonstrate its capacity for growth. The encouraging early results of the Arawana Exploration Well further highlight Gran Tierra’s potential for production growth.
In conclusion, Perion, Mitek, and Gran Tierra have shown promising growth potential in their respective industries. These businesses have demonstrated strong revenue growth, technological advancements, and operational resilience, making them attractive investment opportunities.
