[Click eStock] "Deepnoid, Full-Scale Earnings Growth Next Year"
Kiwoom Securities analyzed on the 2nd that Deepnoid's performance growth will accelerate next year through order momentum. No investment opinion or target price was provided.
Oh Hyukjin, a researcher at Kiwoom Securities, stated, "Demand is increasing to maximize business efficiency through AI application in various industries," adding, "In particular, AI technology application is actively progressing mainly in the manufacturing industry for control and security industries and smart factory construction." He added, "Deepnoid is solidifying its strong position in the market by leading the development and provision of AI solutions tailored to each customer's needs through DEEP: SECURITY and DEEP: FACTORY solutions."
He also emphasized that securing mid- to long-term growth through medical AI is an important factor. He explained, "The existing business segment, medical AI, is expected to lead the company's mid- to long-term growth," and "The brain aneurysm imaging diagnostic solution DEPP:NEURO has completed selection as an innovative medical technology and the announcement of the official notice, is available for use in medical settings as a non-reimbursable service, and is expected to generate full-scale sales in 2024."
He said, "Along with lung disease and lung nodule reading solutions, commercialization is targeted mainly at screening centers, and strong sales power centered on institutions using the AI platform (DEEP:PHI) is expected to increase growth visibility."
Hot Picks Today
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kiwoom Securities expects Deepnoid to record sales of 20 billion KRW and operating profit of 7 billion KRW next year. He emphasized, "Through the recent announcement of a supply contract for a secondary battery vision system worth 7.5 billion KRW, the growth visibility for 2024 has increased," and "Next year's sales are expected to increase by 120% compared to the previous year, and operating profit is expected to turn positive."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.