[Click e-Stock] "Ovgen Achieves Record-High Orders... Turnaround Expected This Year"

On April 24, independent research firm ValueFinder analyzed that Ovgen is expected to achieve a turnaround this year, fueled by record-high order intake amid rapid growth in the cloud industry.

Ovgen participated in the April Corp Day hosted by ValueFinder on April 21. Lee Chungheon, a researcher at ValueFinder, stated, "Recently, SAP, an AI software company, has become a hot topic in Europe after surpassing Louis Vuitton and Novo Nordisk to become the number one company by market capitalization in Europe, driven by rapid growth in AI cloud revenue." He added, "This is clear evidence that the AI and cloud industries are experiencing explosive growth worldwide."

Lee explained, "Ovgen is an AI CRM solution provider that supplies customer data analytics and AI marketing solutions, with major clients including domestic financial institutions and large retail companies." He added, "The company is expected to expand its customer base to medium-sized and small businesses through the development of generative AI agent solutions and cloud services."

Additionally, Lee noted, "Ovgen has enhanced customer utility by integrating AI into its CRM (Customer Relationship Management) solutions, and has built a multi-LLM structure utilizing various large language models such as OpenAI's ChatGPT and Naver Cloud's HyperCLOVA X." He continued, "The company has also been collaborating with its second-largest shareholder, Naver Cloud, for the past three years and is preparing to develop new business opportunities."

He further added, "Last year, Ovgen signed major business contracts, including the Samsung Financial Networks Monimo One app and KB Securities' The Platform. This year, the company secured a contract for IBK Industrial Bank's new customer information utilization platform and became the first Korean company to supply CRM solutions to Vietnam's telecommunications company FPT Group." He analyzed, "With the order backlog at an all-time high, the company is likely to achieve its break-even point in the first half of the year and is expected to record its highest-ever revenue and a turnaround to profitability this year."