[Edaily Reporter Lee Hye-ra] #Gison hit the daily price limit early in the session.
According to MP Doctor on the 19th, as of 9:18 a.m., Jison is trading at 1,300 won, up 30.09% from the previous trading day.
This is believed to be driven by buying momentum fueled by positive assessments from the securities industry, which expects the company to return to profitability in the first half of the year.
Kiwoom Securities projected today that Jison’s earnings improvement will gain momentum starting in the second quarter, making a return to profitability in the first half of the year possible. Kim Hak-jun, an analyst at Kiwoom Securities, stated in a report released today, “One of the biggest issues in the security sector recently is countering wireless backdoors,” adding, “Jison provides security solutions that block wireless backdoors using RF (radio frequency) technology, and following numerous proof-of-concept (PoC) tests, the company is now generating substantial revenue.”
Gison is a security company specializing in solutions for eavesdropping prevention, wireless backdoor hacking, and illegal filming detection. In the first quarter of this year, revenue reached 2.5 billion won, a 12% increase year-over-year, but the company continued to post a loss, recording an operating loss of 1.9 billion won. Analyst Kim explained, “Although the first quarter is a seasonal off-peak period, we should pay attention to the shift in the revenue structure.” He added, “While the existing wireless eavesdropping business has a high proportion of public sector (B2G) clients, with revenue concentrated in the fourth quarter, revenue from wireless backdoor security—which focuses on the corporate (B2B) sector—has been expanding since the first quarter, and security products for detecting illegal filming are also showing growth.”
He added, “Considering the proof-of-concept (PoC) projects not yet reflected in current earnings, rapid earnings improvement is possible starting in the second quarter, and a return to profitability in the first half of the year is also expected.”