AI service specialist company ESTsoft (047560, CEO Jeong Sang-won) announced through a provisional disclosure on the 11th that its sales for the second quarter of 2023 based on K-IFRS consolidated financial statements was 23.5 billion won, up 9.4% from the same period of the previous year, and operating profit turned into a black figure of 1.4 billion won.

On a cumulative basis for the first half of 2023, the company recorded sales of 43.5 billion won and an operating loss of 2.4 billion won. However, operating profit and loss improved by about 1.4 billion won compared to the first quarter, thanks to the improvement in the performance of the second quarter.

The company pointed out that SW business and commerce business, which are pushing for new AI businesses, were the main growth drivers in the second quarter, and in particular, the core business of AI human services is strengthening its foothold in the domestic and overseas markets, securing growth momentum for the second half of the year.

Specifically, the continued growth of the cash cow SW business ▲The continuous growth of the AI technology-based eyewear virtual fitting commerce 'ROUNZ' ▲The continued contract signing and launching of new services of AI human service played a major role.

In particular, AI human services are creating momentum for additional growth of ESTsoft Group companies as they continue their steep growth trajectory. In Korea, technology has been rapidly introduced into various industries such as education, finance, and senior care, proving its usability, and after a visit to Microsoft headquarters in June, the collaboration between the two companies began in earnest, securing opportunities for entering the global market.

New businesses derived from the AI human business model are also growing fast. 'AI Person Service' launched with Getty Images Korea is preparing to test the possibility of entering the overseas market.

Existing businesses are also seeking various transformations to expand sales and strengthen profitability. ALTools, with 25 million users, is representative of this, having introduced a subscription service. 'ALTools AdZero', which promotes an ad-free service, plans to introduce an integrated membership service combined with major domestic points in the future to enhance competitiveness.

Meanwhile, detailed information related to ESTsoft's provisional performance for the second quarter of 2023 can be confirmed at the Financial Supervisory Service's Electronic Disclosure System (http://dart.fss.or.kr).