For Q3 2023, Blade Air reported 56% growth in revenue on a year-on-year basis to $71.4 million. The company is on a high-growth trajectory. However, Blade Air has an asset-light business model. These services are provided through charter flights, helicopters, and seaplanes. The company is a provider of air transport alternatives to congested ground routes in the United States. Source: Wirestock Creators / īlade Air Mobility (NASDAQ: BLDE) stock is among the under-the-radar penny stocks that seems poised for multibagger returns.
With a robust growth outlook, I expect meaningful EBITDA margin expansion in the coming quarters. For the same period, the company achieved positive adjusted EBITDA. With the economy growing at a healthy pace and with a swelling middle-class, there is ample scope for growth.įor Q3 2024, Yatra reported 23% year-on-year growth in revenue to $13.4 million. In terms of consumer brand awareness, Yatra is only behind MakeMyTrip (NASDAQ: MMYT) in India. Yatra is also scaling-up its business-to-consumer segment. Yatra has a customer base of 800 corporates with an addressable employee base of more than seven million. The company has differentiated itself from competition to emerge as the largest corporate travel player in India. With a big addressable market in an emerging economy, I am bullish on YTRA stock creating immense value. The company is a provider of air ticketing, hotel packages, and related services. Yatra Online (NASDAQ: YTRA) is an online travel company with a focus on the Indian markets. Overall, the worst seems to be over for BLNK stock and I expect multi-bagger returns from current levels. A sustained increase in service revenue will also support margin expansion. The company has reaffirmed the guidance for positive Adjusted EBITDA run rate by December 2024.Ĭonsidering the revenue growth trajectory, it’s likely that EBITDA margin expansion will be significant in the next 24 to 36 months. Blink expects full-year revenue to surpass $140 million. Recently, the company announced preliminary numbers for Q4 2023 and it has exceeded the guidance. For Q3 2023, the company reported revenue growth of 152% on a year-on-year basis to $43.4 million. Specific to Blink Charging, the revenue growth trajectory has been stellar. Therefore, there is ample scope for growth through the decade. An important point to note is that investments in charging infrastructure needs to accelerate to achieve the target of 30–42 million EVs on U.S. While it’s important to carefully monitor business developments, these stocks are worth holding for the next five years for millionaire-maker potential.īlink Charging (NASDAQ: BLNK) is among the few emerging names in the EV charging industry that’s likely to create massive value. This column discusses seven millionaire-maker penny stocks that represents companies with good fundamentals. However, even a limited exposure of 15% can change the shape of the portfolio. Of course, these stocks have high-risk and portfolio exposure must be restricted. These companies have ambitious plans and if the execution is good, sky is the limit for the stock. It’s important to note that these millionaire-maker penny stocks represent companies that are at an early growth stage. I see some millionaire-maker penny stocks that are worth buying and holding for the long term. However, not all penny stocks are purely speculative or solely for short term trades. Quick gains are an opportunity for exit and entry into another potentially speculative name. In general, investors look at penny stocks for trading and speculation. InvestorPlace - Stock Market News, Stock Advice & Trading Tips