Wadiz "Completed Operating Cash Flow Structure Improvement Last Year"

Productivity Innovation Achieved Through AI Implementation

Wadiz announced on the 2nd that it achieved operating profit in the fourth quarter of last year and improved its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 96%, transitioning to growth focused on profitability.

According to Wadiz, last year's revenue was 43.2 billion KRW, and operating loss was 7.2 billion KRW, representing a 9% increase and a 58% decrease respectively compared to the previous year. In particular, operating cash flow, excluding non-cash expenses, recorded a net inflow of 2 billion KRW last year, improving significantly by 13.9 billion KRW compared to the previous year.

Wadiz logo. Provided by Wadiz

Wadiz cited business portfolio optimization, cost reduction, and automation and productivity innovation through the introduction of generative artificial intelligence (AI) as factors for performance improvement. Wadiz also explained that it showed steady growth in new business areas such as advertising and direct sales revenue.

Shin Hye-sung, CEO of Wadiz, said, "With the successful structural reform, preparations for accelerating growth are complete," adding, "This year will be a year of leap forward to showcase the competitiveness of K-Funding by entering overseas markets together with domestic small and strong enterprises and emerging brands."