Doosan Robotics disclosed on the 24th that it posted 17.6 billion won in consolidation sales and a 14.4 billion won operating loss in the second quarter this year.
Sales rose 294% from a year earlier. The operating loss decreased about 7% from 15.6 billion won a year earlier. However, the loss widened again compared with the previous quarter's operating loss (12 billion won).
The net loss was 12.7 billion won, a slight narrowing from 16.5 billion won a year earlier.
The sales increase was led by the performance of North American subsidiary OneXia. OneXia provides end-of-line (EOL) robot solutions based on collaborative robots.
End-of-line (EOL) refers to the final processes in manufacturing, such as product packaging and palletizing. Doosan Robotics said sales in the EOL institutional sector increased 130% from a year earlier. The EOL institutional sector order backlog in the second quarter this year is about 18 billion won.
Domestic and overseas order performance was also reflected in the sales increase. Doosan Robotics signed a memorandum of understanding (MOU) with auto parts corporations Gwangjin Group in March this year and supplied more than 100 manufacturing robot solutions. Doosan Robotics said orders from a Southeast Asian customer signed in February last year were also reflected in sales. Doosan Robotics signed an agreement in February last year with Thai robot company "VRNJ" to supply 300 collaborative robots.
However, Doosan Robotics said the operating loss occurred due to increased selling, general and administrative expenses stemming from the expansion of the OneXia organization and hiring research and development (R&D) personnel in artificial intelligence (AI).