BI Matrix, Accelerating Growth Driven by Increased AI Solution Sales

Stock Price Up 41% This Year
Turned to Profit Last Year... Operating Profit Expected to Rise 256% This Year
Maximizing Client Efficiency with AI Solutions

Investments aimed at enhancing corporate efficiency using artificial intelligence (AI) are increasing. In the domestic stock market, attention is focused on listed companies providing AI solutions, with B.I. Matrix's stock price showing an upward trend. As sales in the AI solution sector begin to grow significantly, there are expectations that the growth rate will accelerate.

According to the financial investment industry on the 18th, B.I. Matrix's stock price has risen 41.2% this year. Considering that the KOSDAQ index rose 9.6% during the same period, the return rate compared to the market reaches 31.6 percentage points (P).

Founded in 2005, B.I. Matrix is a company that develops and supplies low-code based automation solutions that minimize coding. Low-code solutions reduce the use of computer languages, helping non-experts easily develop software. As the cost of building business systems increases and the shortage of developers worsens, demand for the 'AUD platform' developed by B.I. Matrix is on the rise. The company has completed over 1,000 projects building business systems for major domestic corporations and government agencies.

B.I. Matrix launched 'G-MATRIX,' a platform equipped with a generative AI-based data analysis solution specialized in data analytics and its own developed large language model (LLM) engine. G-MATRIX extracts corporate data using natural language, which humans use for communication, and recommends visualization screens suited to the characteristics of the data. It is provided in an on-premise form, offering advantages in terms of security and access control. It has been supplied to companies such as Dong-A Pharmaceutical and Lotte Capital.

Changhee Lee, a researcher at Samsung Securities, explained, "Since the G-MATRIX platform was developed by adding generative AI functions, the introduction cost is somewhat high," but added, "Considering the improvement in work efficiency such as reduced labor costs and shortened working hours when the service is introduced, the incentive to adopt AI solutions is sufficient." He also noted, "Currently, proof of concept (POC) is underway at about 30 companies," and added, "There is a high possibility of additional orders."

Hyunjin Oh, a researcher at Kiwoom Securities, said, "Having secured major references, we expect full-scale performance growth going forward," and predicted, "Overseas expansion through American partner companies will also continue."

B.I. Matrix recorded sales of 30.9 billion KRW and operating profit of 2 billion KRW last year. Sales increased by 19.3% compared to the previous year, and operating profit turned positive. After the launch of the generative AI solution G-MATRIX, sales in the solution sector increased, achieving strong performance. Kiwoom Securities estimated that B.I. Matrix will achieve sales of 44.6 billion KRW and operating profit of 7.2 billion KRW this year, representing increases of 45% and 256%, respectively, compared to last year.