Sphere Reports Q1 Sales of 21.85 Billion Won... "First Profit Since Founding"
Sphere announced on the 16th that its sales in the first quarter increased by 791.53% year-on-year, reaching 21,852 million won.
During the same period, operating profit turned positive to 4,310 million won. Net profit for the period was 3,164 million won.
Recently, Sphere signed consecutive special alloy supply contracts with major global aerospace launch companies in the United States. As a result, the company’s cumulative order intake for this year has reached approximately 40 billion won. This figure is more than 15 times higher than the sales of the former Lifesemantics prior to the merger.
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The company stated, "As there is potential for additional contract signings in the future, we expect even greater improvements in performance."
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