APR said in a filing on the 7th that its preliminary first-quarter results came in at 593.4 billion won in revenue and 152.3 billion won in operating profit. Compared with a year earlier, revenue rose 123% and operating profit increased 173.7%. Both revenue and operating profit were the highest for a single quarter since the company's founding.
The key driver of the improved results was the expansion of overseas business. APR's first-quarter overseas revenue was 528.1 billion won, up 179.9% from a year earlier. Overseas revenue accounted for 89.0% of total revenue, up 18.1 percentage points from a year earlier.
Growth in the United States stood out in particular. APR's first-quarter U.S. revenue was 248.5 billion won, up 250.8% from a year earlier. That represented 41.9% of total revenue.
Revenue also expanded outside the United States. Revenue in Japan was 58.9 billion won, up 100.8% from a year earlier, and revenue in other regions increased 216.1% from 60.1 billion won to 190.0 billion won.
By institutional sector, the cosmetics and beauty institutional sector saw the steepest growth. Revenue in that institutional sector was 452.6 billion won, up 174.3% from a year earlier.
Medicube's key products are also continuing to set sales records. The PDRN lineup surpassed a global cumulative sales volume of 50 million units in February this year, about 20 months after launch. The toner pad lineup also exceeded 20 million units in global cumulative sales in the first quarter.
The beauty device institutional sector also showed growth. Revenue in that institutional sector rose 46.0% from a year earlier to 132.7 billion won, marking the highest quarterly revenue on record.
Revenue in other institutional sectors was tallied at 80.5 billion won, down 20.4% from a year earlier. Revenue fell as the share of noncore business units was reduced.
An APR official said, "With entry into new markets and diversification of distribution channels, we will pursue continued top-line growth, while actively launching new products that reflect customer and market trends to continue our 'quantum jump.'"