[Asia Economy Reporter Hyungsoo Park] Artificial intelligence (AI) company Saltlux announced on the 24th that its sales reached 30.3 billion KRW last year, marking a 13.3% increase compared to the previous year. The expansion of AI businesses such as chatbots in finance, public, and private sectors led to the highest sales ever. Operating losses were 1.9 billion KRW, reducing the deficit compared to the previous year.
Regarding non-operating profit and loss, the company explained that the derivative product valuation loss was due to the sharp rise in the company’s stock price, affecting the valuation of convertible bonds (CB) and bonds with warrants (BW) derivatives. This is an accounting loss without cash outflow. Saltlux also conservatively reflected valuation losses on AI and metaverse companies in which it has external investments. A company official explained that since these companies are growing rapidly, they view financial recovery (exit) positively.
A company representative stated, "There is no operational issue as this is a result of book value evaluation."
Saltlux CEO Kyungil Lee said, "This year, Saltlux will enable closer experiences of AI services in actual work and daily life through the launch of Plunit Work Center, Studio, and Guber.ai," adding, "We will achieve results in overseas markets through business model diversification and profitability improvement."
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