LSK iRobot Reports First Half Sales of 18.8 Billion Won...Accelerates Expansion into AI and Robotics Business

LSK iRobot, a company specializing in AI and robotics, has continued its external growth, supported by the stable profit base of its existing materials business. The company is also accelerating the expansion of new businesses by entering the vision AI sector through the acquisition of an artificial intelligence application software company.

On August 14, LSK iRobot announced that its consolidated sales for the first half of this year reached 18.77 billion won. This represents a 15.7% increase from 16.22 billion won recorded in the same period last year.

Sales for the second quarter totaled 10.21 billion won, up 19% from the first quarter's 8.56 billion won. The company explained that its business portfolio expansion is driving continued external growth, as quarterly sales have exceeded 10 billion won for the first time.

On a separate basis, first-half sales amounted to 6.39 billion won, with operating profit at 430 million won. While sales declined compared to the same period last year, the company maintained a positive trend in operating profit, sustaining the profit base of its existing business.

Net profit also improved significantly. First-half net profit on a separate basis was 800 million won, and on a consolidated basis, net profit stood at 1.7 billion won, marking a turnaround from losses in the previous year.

The company is nurturing AI and robotics as next-generation growth engines, leveraging its existing materials business. Recently, LSK iRobot completed the acquisition of the AI application software company OneTouchAI and has begun commercializing vision AI solutions targeting manufacturing sites.

The company is also strengthening external collaborations to advance its AI technology. In addition to collaborating with Amazon Web Services (AWS), LSK iRobot is conducting joint research with the University of Birmingham in the United Kingdom to enhance its AI technology competitiveness.

LSK iRobot’s strategy is to diversify its business portfolio by combining its stable materials business with AI and robotics operations. In the second half of the year, it plans to expand the application of vision AI focused on manufacturing sites and accelerate the commercialization of new businesses.

A representative from LSK iRobot stated, "We confirmed the profit base of our existing business even as we continued sales growth in the first half," adding, "In the second half, we will improve profitability, expand the application scope of vision AI centered on manufacturing sites, and accelerate the commercialization of AI and robotics to strengthen our foundation for growth."

This content was produced with the assistance of AI translation services.