[Click eStock] "Suprema, Sufficient Growth Factors This Year as Well"

On the 27th, KB Securities forecasted that Suprema will continue its growth this year as well.

Suprema achieved sales of 108.2 billion KRW and operating profit of 23.3 billion KRW last year. These figures represent increases of 14.4% and 39.8%, respectively, compared to the previous year.

Hyunkyum Kim, a researcher at KB Securities, explained, "For the first time since its establishment, sales exceeded 100 billion KRW," adding, "Sales of highly profitable fingerprint recognition algorithms for smartphones have increased, and the proportion of integrated facial recognition security systems has grown due to the expansion of AI data centers."

He continued, "Growth is continuing with rising market shares in regions such as Europe, the Middle East, and India."

Researcher Kim also analyzed, "With increased infrastructure investment driven by AI industry growth, the environment is favorable for acquiring overseas clients," and "related sales are expected to grow from 600 million KRW in 2020 to approximately 8 billion KRW in 2024, and over 10 billion KRW this year."

Furthermore, he expressed expectations that "the under-display fingerprint recognition algorithm ‘BioSign’ applied to Samsung Electronics’ flagship smartphones will see an increase in suppliers alongside the expansion strategy of client Qualcomm in the Greater China region."

He emphasized, "Attention should be paid to SupremaAI’s 'Q-Vision Pro'," describing it as "the world’s first on-device AI module capable of predicting and preventing financial crimes such as ATM fraud and voice phishing in advance."

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