[Click eStock] "Clobot Set to Benefit from Subsidiary Growth and Expanded Government R&D"

On August 28, Korea Investment & Securities analyzed that Clobot, a company specializing in robot autonomous driving software, is expected to accelerate its performance improvement in the second half of the year, driven by the growth of its subsidiary Roas and the benefits from the government's expanded research and development (R&D) budget.

Yoon Cheolhwan, a researcher at Korea Investment & Securities, stated on this day, "This year, sales are projected to reach 47.1 billion won (up 40.7% year-on-year), with an operating loss of 3.7 billion won, indicating a narrowing deficit." He added, "While a strong first half and weaker second half performance pattern is expected this year, balanced growth across all business divisions is anticipated in the second half, based on existing order volumes."

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Clobot supplies its main products, the robot autonomous driving solution 'Chameleon' and the integrated control system for various types of robots 'Chromes,' to a wide range of manufacturing and service sites. In the first half of this year, sales reached 12.8 billion won (a 13.1% increase compared to the same period last year). In particular, the growth of Roas, its global robot hardware distribution subsidiary, stood out.

Researcher Yoon explained, "In the service sector, steady demand has been confirmed in logistics, guidance, and patrol areas. As sales expand, the deficit is narrowing, and with recent selling and administrative expenses effectively managed in the 3 billion won range, profitability recovery driven by increased sales is accelerating."

The expansion of the government's advanced industry R&D budget is also expected to be a positive factor. Yoon predicted, "As the government has allocated a record-high R&D budget for advanced industries, Roas is likely to continue benefiting for some time."

Regarding the outlook for profitability improvement, he analyzed, "Despite recent improvements, the cost ratio of the headquarters business remains in the high 80% range, and with ongoing domain expansion and research and development, it will take time for profitability to improve." He added, "Growth at Roas in the second half will serve as a cornerstone for improving the overall company margin."

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