CLASSYS (A214150) Q2 2024 earnings summary

Executive summary

• Achieved 5-year revenue CAGR of 31%, with 2023 revenue at ₩180.2B, up 27% year-over-year.

• Consumables revenue grew at a 5-year CAGR of 39%, reaching ₩81.0B in 2023, representing 45% of total sales.

• EBITDA margin reached 52% in 2023, with EBITDA of ₩93.6B, up 29% year-over-year.

• Overseas sales accounted for 65% of total revenue, with products exported to over 70 countries.

• Strategic merger with Ilooda aims to enhance technology, sales, and cost competitiveness.

Financial highlights

• 2023 revenue: ₩180.2B (+27% YoY); 5-year CAGR: 31%.

• Consumables revenue: ₩81.0B (+46% YoY); 5-year CAGR: 39%.

• EBITDA: ₩93.6B (+29% YoY); EBITDA margin: 52%.

• Market capitalization in the ₩3T range; included in KOSDAQ Global Segment.

Outlook and guidance

• Targeting global expansion, especially in the US and China, with regulatory approvals in progress.

• Aims for 2030 revenue of $1B+ and operating margin above 50%.

• Plans to expand blockbuster platforms from 1 to 5 and increase annual procedures per platform by 5%+.