E8 Reports 72% YoY Revenue Growth in Q1... "Driven by B2B Business"

On May 19, digital twin solution specialist E8 announced that its first-quarter revenue reached 730 million KRW, a 72.21% increase compared to the same period last year. Operating loss improved by approximately 14.9%, narrowing from 3.6 billion KRW to 3 billion KRW. Net loss decreased by about 27%, from 4.3 billion KRW to 3.1 billion KRW.

The first-quarter revenue growth was driven by stable demand for the NFLOW and NDX PRO solutions in B2B sectors such as smart factories and building energy management. E8 has been strengthening its foundation for continuous revenue generation by securing orders that can be recognized quarterly through platform-based solutions, licenses, and SaaS contracts. Additionally, as the exclusive domestic distributor for PIX4D, the company saw revenue growth led by its image-based automated 3D modeling solution. The expansion of distribution partners and active acquisition of new orders are also ongoing.

E8 is focusing on advancing its core product lines to strengthen its market influence. The company plans to accelerate profitability improvements through technology upgrades targeting high-value-added industries such as defense, energy, and building management, as well as by expanding its industry-specialized reseller network. E8 is also working to strengthen its position in the public and procurement markets by developing localized versions of PIX4D's core products. These localized solutions are expected to not only significantly reduce high license costs, but also effectively address security and operational risks that can arise from reliance on foreign software.

In the second half of the year, the company will focus on increasing revenue by expanding its order backlog through the acquisition of multiple ongoing B2B projects and by advancing the Busan Smart City Digital Twin Platform project.

E8 plans to diversify its revenue portfolio by launching new solutions such as NDX Web Viewer and a 3D BIM-based PMIS. The NDX Viewer, released on May 15, is a high-performance 3D visualization solution that can be used directly on the web without software installation, targeting various industries including construction, manufacturing, and EPC. The PMIS, scheduled for release later this year, is a platform that enables real-time 3D visualization and management of processes, materials, and site conditions. Integration with ERP, MES, and GIS systems will allow for unified management of on-site data. All newly launched solutions will also be available as SaaS-based subscription models to diversify the customer base.

Kim Jinhyun, CEO of E8, stated, "In the second half of 2025, we will focus on expanding our market share not only in B2B but also in the public and procurement sectors through SaaS transformation and the launch of localized products, and on establishing a recurring revenue model through the adoption of subscription-based models." He added, "We will further solidify our position in high-value-added markets by launching various industry-specialized new solutions."