CLASSYS (A214150) Q1 2025 earnings summary

Executive summary

• Achieved strong revenue growth in 1Q25, up 53.1% year-over-year and 3.6% sequentially, reaching 771 billion KRW.

• Operating income rose 46.3% year-over-year and 8.3% sequentially, with a margin of 50.3%.

• Net income increased 14.0% year-over-year and 4.7% sequentially, maintaining robust profitability.

• Early achievement of 22% of annual revenue guidance, enhancing visibility for full-year targets.

Financial highlights

• Gross profit reached 613 billion KRW, up 52.5% year-over-year and 7.9% sequentially, with a gross margin of 79.5%.

• EBITDA was 423 billion KRW, up 53.0% year-over-year and 7.3% sequentially, with a margin of 54.9%.

• Export sales accounted for 68% of total revenue, up from 67% a year ago.

• Consumables sales made up 53% of revenue, driven by high customer satisfaction and increased usage per device.

Outlook and guidance

• 2025 revenue guidance set at 3,400–3,600 billion KRW, projecting 39–48% growth.

• Strong market expansion expected in the US, Europe, and Japan, with new product launches and marketing campaigns planned.

• High-margin product growth and cost competitiveness to drive further margin improvement.