KOSDAQ-listed SOS LAB was strong early on the 23rd. Buying appears to be pouring in on securities market expectations that the company could swing to a profit in the second half of this year after it began supplying LiDAR sensors to Hyundai Motor Robotics Lab.
As of 10:21 a.m. that day, SOS LAB was trading at 27,100 won, up 4,900 won (22.07%) from the previous session. It rose to as high as 28,700 won intraday, setting a 1-year high.
Korea Investment & Securities Co. issued a report that day on SOS LAB, a LiDAR company, saying that with the start of LiDAR supply since late last year for the robot mobility platform "MobED" developed by Hyundai Motor Robotics Lab, this year's operating margin is expected to be around 20%–30%.
Kim Chang-ho, an analyst at Korea Investment & Securities Co., said, "MobED's annual production is at the level of 1,000–2,000 units, and if we assume two LiDARs per product and an average selling price (ASP) of 1 million won, sales of about 2 billion–4 billion won would be generated," adding, "In addition, PluD, Hyundai Motor's next-generation robot platform, will also see production ramp up in earnest from the second half of this year."
Korea Investment & Securities Co. assessed that SOS LAB is in talks to supply LiDAR to global corporations and that there is a possibility of supplying LiDAR for Boston Dynamics' Humanoid Robot Atlas.
Kim said, "If Boston Dynamics adopts LiDAR, SOS LAB's product is highly likely to be adopted," adding, "In the second half, supply could also expand to automakers such as GM, making a second-half turnaround to profit possible."