Annual Sales Increased 89% Last Year to 18.9 Billion Won
Open Edge Technology, a semiconductor intellectual property (IP) platform company, recorded its first quarterly operating profit since its listing as it increased its order achievements.
Open Edge announced on the 7th that it posted sales of 13.1 billion KRW and an operating profit of 4.2 billion KRW on a consolidated basis in the fourth quarter of last year.
The company achieved a quarterly operating profit for the first time since its new listing on the KOSDAQ market in 2022, recording an operating profit margin of 32%. Sales increased by 821.5% compared to the same period last year (1.4 billion KRW).
As the semiconductor market showed signs of recovery in the second half of last year, the increase in customer orders resulted in strong performance in the fourth quarter of last year.
Annual sales last year increased by 89% year-on-year to 18.9 billion KRW. Operating loss improved by 34% year-on-year to 16.6 billion KRW.
As of the end of last year, Open Edge's consolidated assets stood at 44.4 billion KRW, with equity of 19.9 billion KRW and liabilities of 24.5 billion KRW. Due to the impact of the annual deficit, equity decreased by 12.4 billion KRW compared to the previous year, while liabilities increased by 2.9 billion KRW.
Lee Seong-hyun, CEO of Open Edge, said, "Recently, demand for semiconductor IP for customer data centers and on-device AI continues to increase, and inquiries for project collaboration related to next-generation semiconductor advanced development such as Compute Express Link (CXL), chiplets, and customized memory are ongoing. This year, we aim to maintain high sales growth and achieve profitability improvement goals."
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