bullish
Curexo Inc (060280 KS): Strong Growth in Medical Robot Prompts 2023 Guidance Raise
Tina has highlighted this Insight as a Top Pick
404 Views25 Oct 2023 21:40
SUMMARY
- Curexo Inc (060280 KS) has been showing sales growth for five consecutive quarters since Q1 2022, mainly driven by the medical robot business, which accounts for nearly 50% of sales.
- In 2Q23, Curexo’s medical business sold 29 units and recorded highest quarterly sales of KRW9,744M (up 173% YoY and 15% QoQ), driven by strong demand in domestic and Indian market.
- Curexo raised 2023 sales guidance to KRW74 billion from KRW70 billion. Medical business is expected to sell 100 units and register revenue of KRW35 billion in 2023.
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