On the 24th, Kiwoom Securities analyzed that Flitto, a language data specialized company, is significantly undervalued compared to its growth potential.
Oh Hyunjin, a small-cap analyst at Kiwoom Securities, stated in a report on the same day, "Flitto recently announced a corpus sales contract worth 5.4 billion KRW with global IT clients," adding, "This demonstrates the potential for sustained growth."
Analyst Oh said, "The quality of the language data delivered by Flitto is improving," and forecasted, "The original data for delivery is expanding from short sentences to paragraph units, and the content is becoming more sophisticated, which will gradually increase follow-up orders and profitability."
He noted, "In addition to the large language models (LLM) required by global IT companies, demand for small language models is increasing due to the expansion of on-device AI," and predicted, "As the demand sources for the language data created by Flitto diversify, both scale and profitability will improve starting this year."
Reflecting this situation, he projected that Flitto will achieve sales of 26.3 billion KRW this year, a 48% increase from last year, and operating profit will turn from a deficit to a surplus of approximately 2.5 billion KRW.
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