[Click eStock] "SOS Lab, Beyond Autonomous Driving Prospect to a Performance Stock"

Shinhan Investment Corp. analyzed on the 27th that SOS Lab is expected to experience gradual revenue growth in 2025 and 2026 as customers in the automotive and robotics sectors enter mass production. No investment opinion or target price was provided.

Choi Seunghwan, a researcher at Shinhan Investment Corp., stated in the report, "Positive events for the stock price will occur sequentially, including infrastructure business expansion in the second half of 2024, the Tesla Robotaxi event, a return to profitability in the fourth quarter, and CES in January 2025." He explained, "In 2024 and 2025, an increase in mass production sales based on multiple references to large corporations in the robot market and expanded supply in public infrastructure sectors such as airport parking control systems are expected."

Researcher Choi added, "There are various opportunities including not only the front and rear headlight-mounted LiDAR jointly developed with SL but also grille-mounted and side-embedded LiDAR." He analyzed, "From 2026, autonomous driving mass production sales will be in full swing, and the expected revenue of 20 billion KRW is a conservative figure assuming delivery of 50,000 vehicles annually."

He said, "SOS Lab differentiates itself from competitors by having proprietary hardware and artificial intelligence (AI) algorithms applicable to various industries such as robotics, automobiles, infrastructure, and extended reality (XR), and by holding references from global companies and governments." He added, "The software proprietary technology in digital twin and autonomous driving machine learning fields is not sufficiently reflected in the current market capitalization, so positive events in the future are expected to be absorbed, leading to a reversal and rise in the stock price."