[Click eStock] "Obzen, Possible External Growth Next Year"

Korea Investment & Securities forecasted on the 23rd that Obzen is likely to achieve external growth next year.

Obzen is a software company that provides marketing solutions based on artificial intelligence (AI). Its solution, ‘CDXP+’, utilizes AI to analyze digital behavior data of both members and non-members in real time, helping companies implement marketing optimized for customer characteristics. In the early stages of the business, orders were mainly expanded in the financial sector, and currently, based on these references, it has more than 100 customers across various fields such as distribution, telecommunications, and entertainment.

Si-on Kang, a researcher at Korea Investment & Securities, analyzed, "In the first half of the year, sales decreased by 33.7% compared to the previous year due to project order delays and the absence of large orders, but in the third quarter, large projects such as Samsung Group’s ‘Monimo’ and KB Securities’ ‘The Platform’ were consecutively secured, resulting in significant sales growth." He added, "Through efficient reallocation of existing personnel, outsourcing costs have been greatly reduced, steadily narrowing the operating loss."

He continued, "In the fourth quarter, additional profit improvement is expected due to a reduction in labor costs following a roughly 10% workforce cut." He added, "In the second half of the year, a total of 15 billion KRW was raised through a rights offering and convertible bond issuance, and this capital will be used to accelerate the advancement of AI-based solutions and global expansion."