Stock Price Up 22% This Year
Overseas Expansion Expected Through Cooperation with POSCO Group
Preparing for the Humanoid Era... Enhancing Operational Capabilities with AI-Based Technology
In the domestic stock market, the stock prices of robot-related companies have been steadily rising this year. This is the result of investment sentiment being stimulated by expectations that investments to dominate the humanoid market will continue. The corporate value of Neuromeka, which has secured core technology for collaborative robot automation, is also steadily growing.
According to the financial investment industry on the 6th, Neuromeka's stock price has risen 21.6% since the beginning of this year. After closing at 28,750 KRW at the end of last year, it jumped to 34,950 KRW in just over a month. Its market capitalization surged to 370 billion KRW. Considering that the KOSDAQ index rose by 7.8%, the return relative to the market reached 13.8 percentage points. Domestic institutional investors and foreigners recorded cumulative net purchases of 7.2 billion KRW and 2.4 billion KRW, respectively.
Founded in 2013, Neuromeka is a developer of collaborative robots. It produces a variety of robot products in-house, including not only collaborative robots but also autonomous mobile robot (AMR) platforms and high-speed, high-precision delta robots. It supplies collaborative robots suitable for various small and medium-sized manufacturing sites. Neuromeka has secured major clients such as manufacturers, food and beverage (F&B) companies, medical robot companies, shipbuilders, and related enterprises. Up to the third quarter of last year, it recorded cumulative sales of 17.2 billion KRW and an operating loss of 15.2 billion KRW.
In December last year, it issued convertible bonds worth 10 billion KRW to POSCO Holdings CVC 2nd New Technology Investment Fund. The raised funds will be used for raw material purchases and overseas market expansion.
iM Securities expects that Neuromeka's cooperation with POSCO will accelerate its overseas expansion. It also anticipates a high possibility of supplying collaborative robots to the POSCO Group, in addition to technology development cooperation. It estimates sales of 56 billion KRW and an operating loss of 15.3 billion KRW this year. Sales are expected to increase by 82.3% compared to last year, while operating losses are expected to continue.
Neuromeka is preparing for the upcoming humanoid era through continuous technological development. Its flagship collaborative robot model, 'Indy,' is equipped with self-developed AI-based imitation learning and collision avoidance functions. Neuromeka's AI-based control technology is establishing itself as a core technology not only to enhance the usability and safety of collaborative robots but also to realize humanoids that operate in ways similar to humans.
A Neuromeka representative explained, "Indy's AI-based technology is a key advancement that allows collaborative robots to work more naturally and safely with humans in industrial settings." He added, "Neuromeka is currently developing humanoid robots through various research projects. AI-based collision avoidance and imitation learning technologies will serve as the foundation to significantly enhance the autonomy and operational capabilities of next-generation humanoids."
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