Tinkware Reports Cumulative Q3 Sales of 354.7 Billion KRW, Up 22% YoY

Operating Profit of 1.1 Billion KRW in Separate Standard Quarter
Successful Turnaround to Profit

Thinkware announced on the 14th that its cumulative sales for the third quarter on a consolidated basis reached 354.7 billion KRW, a 22% increase compared to the same period last year. Operating profit was 22.8 billion KRW.

Thinkware's third-quarter sales on a separate basis were 47.1 billion KRW, up 7.8% from the same period last year, and operating profit was 1.1 billion KRW, marking a return to profitability after three quarters.

A Thinkware representative explained, "Compared to the first half, overseas sales of black boxes in the second half grew significantly, enabling us to achieve quarterly profitability. It appears that demand for black boxes is increasing even in overseas markets where awareness of black boxes is relatively low, and continuous performance growth is expected."

The representative also added, "The demand for the robot vacuum cleaner Roborock remains high, with sales growing approximately 75% compared to the same period last year, further increasing market share. In particular, offline sales have grown noticeably this year, and sales volume is surging as it gains attention in department stores and electronics retailers, indicating continued growth."

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