The Canadian stocks on our list have generated the best revenue growth over the past three years
SmallCapPower | September 30, 2020: Revenue growth is an important metric for early-stage companies, as profitability usually takes time. Today we have identified the Top 3 Canadian stocks in terms of revenue growth during the past three years.
*Returns are based on closing stock prices as of September 29, 2020
Nova Leap Health Corp. (TSXV:NLH) – $0.37
Nova Leap Health is a North American provider of personal home care and support services. The Company is focused on acquiring and organically growing Private Pay Non-Medical and Skilled Home Care Companies. Nova Leap’s post-acquisition organic growth strategy is to increase annual revenue per location through a combination of increased employee investment, including training, focused sales and marketing efforts, billing rate increases and expansion of geographical coverage. The Company has operations in six different U.S. states: Vermont, New Hampshire, Massachusetts, Rhode Island, Oklahoma and Ohio as well as Nova Scotia, Canada. Nova Leap has three-year revenue growth of 8,602%.
- 3 Year Return: 85%
OneSoft Solutions Inc. (TSXV:OSS) – $0.62
OneSoft Solutions provides software services to the oil and gas pipeline sector in the United States and Canada. It offers Cognitive Integrity Management (CIM), an application that uses Microsoft Azure Machine Learning, and a variety of services including Artificial Intelligence, machine learning, intelligence reporting, predictive analytics and other components to help companies prevent pipeline failures. OneSoft has three-year revenue growth of 434%.
- 3 Year Return: 148%
Docebo Inc. (TSX:DCBO) – $47.87
Docebo is a cloud-based vendor of Enterprise Software as a Service (SaaS) solutions, particularly in the area of employee and customer training. The Company began trading last October, after raising C$67.5 million from an initial public offering. Some of Docebo’s top corporate clients include Uber Technologies, Netflix, Starbucks, L’Oreal, Heineken, and Capital One. The Company recently reported Q2 2020 revenue that increased 46.5% to $14.5 million. Docebo has three-year revenue growth of 321%.
- Return Since October IPO: 252%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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