[Click eStock] “SimPlatform, Industrial AIoT Platform Focused on B2B, Begins Full-Scale Growth”

On the 21st, Kiwoom Securities analyzed that Simple Platform is gaining attention for its growth focused on B2B as a specialized industrial AIoT (AI + IoT) platform company.

Simple Platform's NUBISON AIoT platform is a solution specialized in time-series data analysis. While existing text and video data analyses are result-oriented, time-series data is evaluated as effective for continuously monitoring and predicting process changes. Accordingly, demand for process efficiency improvement through time-series data-based solutions is expected to gradually increase.

In particular, Simple Platform's competitiveness lies in developing a middleware system in the form of a Thing Driver, enabling data collection from various devices without additional device installation.

Hyunjin Oh, a researcher at Kiwoom Securities, explained, "The advantage of the company's platform is that it provides an integrated platform step-by-step," adding, "It offers a single solution from data collection and storage through devices, data analysis and prediction using AI technology, to IoT service application, making comprehensive data management and analysis easier compared to competing technologies."

Currently, the cumulative number of companies using Simple Platform's services has exceeded 70, and it has succeeded in securing domestic semiconductor foundry service companies as clients. It is also expanding its presence in the healthcare sector by providing real-time patient data analysis services for IoT medical devices to major domestic hospitals. Additionally, it is achieving results in the public industry sector through smart village services and in the agricultural sector such as smart farms.

Based on these industry-specific references, significant growth is expected this year. According to Simple Platform's preliminary financial results for last year, sales are estimated at 7.2 billion KRW (a 65% increase from the previous year), and operating loss at 600 million KRW (continued deficit). This year, it is expected to secure more than 120 cumulative customers, with sales of 13.7 billion KRW (a 90% increase from the previous year) and operating profit of 3.5 billion KRW (turning profitable).

Researcher Oh stated, "The expected market capitalization based on the confirmed public offering price is 92 billion KRW, which is not a heavy burden," but also noted, "Attention should be paid to volatility due to the overhang issue caused by the release of 12.7% of restricted shares one month after listing."