[Public Notice+] Ray's Operating Profit Reaches 12.9 Billion KRW Last Year, Up 113% YoY... "Record High Performance for 4 Consecutive Years"

[Asia Economy Reporter Hyunseok Yoo] Ray announced on the 11th that it recorded sales of 73.1 billion KRW, operating profit of 12.9 billion KRW, and net profit of 11.2 billion KRW based on consolidated financial statements last year. Compared to the previous year, sales increased by 42%, operating profit by 113%, and net profit by 115%.

A company official stated, "Since Ray started its digital therapeutic solutions business in 2017, it has recorded high growth rates every year," adding, "We have been setting record-high performances annually from 2016 to 2018, and last year as well, we achieved record-high results that greatly surpassed the previous year, marking the fourth consecutive year of record-breaking performance."

Last year's fourth-quarter sales reached 23 billion KRW, marking the highest quarterly performance since the company's founding. This was a 23% increase compared to the previous quarter and about a 19% increase compared to the same period last year. Operating profit also increased by approximately 56% compared to the previous quarter and about 13% compared to the same period last year.

Ray Co., Ltd. is continuously breaking its maximum quarterly and annual records through steady sales growth in its existing digital diagnostic system business area, as well as rapid sales expansion of the digital therapeutic solutions commercialized at the end of 2017.

A company official emphasized, "About 58% of last year's sales came from digital therapeutic solutions, with a sales growth rate of 106% compared to the previous year," and added, "Ray is proving its competitiveness as a First Mover in the digital therapeutic solutions field, which is the biggest topic in Digital Dentistry." The official continued, "Digital therapeutic solutions are a market just beginning to bloom, and Ray's growth is expected to continue this year following last year," emphasizing, "Digital therapeutic solutions are an unavoidable megatrend in the dental industry and are now at the beginning of their growth."

This content was produced with the assistance of AI translation services.