[Click e-Stock] "SisonAI in the Era of AI Transformation... Focus on Growth Resumption"

On December 18, Shinhan Investment Corp. analyzed that, with the advent of the AI transformation era, it is now time to focus on whether SisonAI will resume growth after a period of stagnant performance.

The government is aiming to achieve a 95% adoption rate of AI in the public sector by 2030. As the AX (AI Transformation) policy, centered on the public sector, is being fully implemented in pursuit of becoming one of the world’s top three AI powerhouses, expectations for related companies are also rising.

Choi Seunghwan, a researcher at Shinhan Investment Corp., stated, “In the first half of 2025, the stock price rose on expectations of expanded public sector AI adoption, but fell again as these expectations did not translate into actual results. 2026 will be a crucial time to determine whether these expectations will be reflected in the company’s performance.”

SisonAI’s core competitive strength lies in its facial recognition AI technology. The company has objectively demonstrated its global technological prowess in the field of facial recognition. Researcher Choi explained, “The core competitiveness centered on facial recognition AI is becoming increasingly prominent. SisonAI has proven its technological capabilities through an objective indicator, ranking first globally on the NIST facial recognition benchmark.” Based on this technological strength, SisonAI has built up domestic references by supplying facial recognition systems to key national infrastructure such as Incheon International Airport and the Ministry of the Interior and Safety.

The company’s participation in public projects is also continuing. In October, SisonAI was selected for the quarantine management task in the “2025 Public AX Project” led by the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA). Accordingly, the company is set to develop and demonstrate an AI-based quarantine system tailored for international travelers. Researcher Choi evaluated this, saying, “As public sector AX becomes more widespread, this will be another opportunity for SisonAI’s technological capabilities and references to stand out.”

The scope of business is also expanding from the public sector to the private sector. SisonAI is broadening its entry into the finance, fintech, and corporate security markets with its unconscious continuous authentication solution, “SEEU ON.” The company is growing its authentication platform business through distributor agreements and expanding API-based supply, while also attracting attention for its potential to expand overseas.

SisonAI is also strengthening its technological competitiveness for overseas markets. The company’s main product, “SEEU ON,” recently obtained a U.S. patent for its core technology, “method and device for managing seat departure using biometric information templates.” This is regarded as a foundation for future entry into overseas airports and the global authentication market.

However, short-term performance pressure remains significant. As of the cumulative third quarter of 2025, SisonAI posted an operating loss of 8.8 billion won, reflecting weak results. Researcher Choi emphasized, “The most important factor is whether performance will improve in 2026, driven by public sector AX. Key points to watch are the visibility of One-ID revenue for overseas airport exports, the contribution of new business lines to performance, and the spread of private sector authentication solutions.”