[Click eStock] "Genieeon, Record Highest Q1 Sales"

On the 23rd, Eugene Investment & Securities analyzed that the current stock price level of Genieons is lower compared to its peers.

Genieons recorded sales of 9.1 billion KRW and an operating profit of 1.3 billion KRW in the first quarter. Sales increased by 59.9% year-on-year, and operating profit turned positive.

Researcher Jongseon Park of Eugene Investment & Securities explained, "It achieved the highest first-quarter sales in history" and "recorded a positive operating profit in the first quarter for the first time in six years."

He added, "Growth was driven by increased demand from general enterprises in the public and financial sectors where the NAC (Network Access Control) division had been strong," and "orders for the EDR (Endpoint Detector & Response) division, which supplied major banks, are increasing in the secondary financial sector and defense fields."

He estimated that in the second quarter of this year, sales will reach 11.1 billion KRW and operating profit 1.9 billion KRW, with sales expected to increase by 13.9% year-on-year.

Researcher Park forecasted, "The introduction of NAC is expanding for advanced integrated management of general large corporations," and "EDR, which has the largest domestic customer base, has been steadily increasing its share since the launch of the subscription model."

He also stated, "The current stock price is at a price-to-earnings ratio (PER) of 13.6 times based on this year's expected performance, which is discounted compared to the average PER of 38.9 times for domestic and international peers."

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