ROBOTIS (108490) Q2 2024 earnings summary

Executive summary

• H1 2024 consolidated revenue was ₩16.43bn; operating loss was ₩837m and net loss was ₩3.044bn, with basic EPS of -₩242.

• Actuators generated 97.12% of segment revenue and ₩3.52bn operating profit; autonomous robots remained investment-heavy, with a ₩4.36bn operating loss.

Financial highlights

• H1 revenue rose to ₩16.43bn from ₩13.78bn YoY; gross profit was ₩8.87bn versus ₩7.17bn.

• Operating loss narrowed to ₩837m from ₩3.246bn YoY, while net loss widened to ₩3.044bn from ₩303m.

• Q2 revenue was ₩8.092bn versus ₩6.464bn YoY; operating income was ₩86.7m versus a ₩1.693bn loss.

• H1 net loss included a ₩2.279bn bond redemption loss and ₩1.995bn financial asset valuation loss.

Outlook and guidance

• Actuator sales have grown at a stated annual average of 15–20%; continued R&D spending is planned for autonomous robots, especially outdoor services.

• Overseas expansion plans include continued activity in Japan and entry efforts in North America; Japan hotel service has begun.

• Robot rental and subscription billing are in use, with leasing and rental options planned to broaden sales methods.