[Click e-Stock] "Union Biometrics Expected to Achieve Results in Overseas Market Expansion"

Independent research firm Aris analyzed on the 23rd that Union Biometrics is expected to achieve visible results through its overseas market expansion. The firm did not provide an investment opinion or target price.

Union Biometrics possesses iris recognition technology, which is essential for smart glasses. Jaemo Lee, a researcher at Aris, stated, "Union Biometrics' Ubio-X Iris is equipped with the latest iris recognition algorithm," adding, "With its proprietary technology, the company is expected to collaborate with global corporations to apply it to next-generation products such as smart glasses."

Researcher Jaemo Lee explained, "Union Biometrics aims to secure growth momentum by increasing the proportion of overseas sales," and added, "Since this year, the company has been developing and supplying biometric terminals as a partner of NEC Corporation in Japan."

This year's expected sales and operating profit are 58 billion won and 5 billion won, respectively. He emphasized, "The company's performance typically follows a pattern of lower results in the first half and higher in the second half, with the fourth quarter being the peak sales season due to industry characteristics," and added, "Starting next year, sales of products supplied to NEC are expected to increase, and the expansion into new markets is anticipated to further raise the proportion of overseas sales."

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