[Edaily Reporter KIM JI-WAN ] VC Inc.(365900), the manufacturer of the “VoiceCaddie” golf rangefinder, posted a profit for two consecutive quarters, driven by an expansion in overseas Original Design Manufacturing (ODM) orders. Domestically, sales of watch-style rangefinders increased, while overseas, rising exports drove revenue growth.

VC Inc. announced that for the third quarter of this year, on a consolidated basis, it recorded revenue of 14.74 billion won, operating profit of 1.49 billion won, and net income of 330 million won. Revenue increased by approximately 18% compared to the same period last year.

Cumulative revenue for the first three quarters totaled 43 billion won, with operating profit at 3.1 billion won and net income at 1.4 billion won. Cumulative revenue represents approximately 92% of last year’s annual revenue of 46.9 billion won.

Overseas operations drove this growth. Cumulative overseas revenue reached 18.8 billion won, a 42% increase compared to the same period last year. Domestic revenue also rose by 9% to 24.3 billion won during the same period. The company cited increased overseas ODM supply and growing demand for watch-style products featuring APL (Auto Pin Location) technology—which automatically detects pin positions—as the main drivers of this growth.

VC Inc. is a golf equipment company that went public on the KOSDAQ market in February 2022. In addition to rangefinders, it develops, manufactures, and sells launch monitors for golf practice and golf simulators.

To continue expanding its overseas sales, the company is also pushing to localize its APL service. Last October, it signed a pin data integration agreement with Technocraft, a Japanese golf course management company, and is currently conducting a proof of concept (PoC) in the United States. The company plans to expand beyond the devices it has been selling domestically to include businesses that connect with the data infrastructure of overseas golf courses.

Next year, the company plans to launch smart glasses for golfers. Utilizing distance-measuring algorithms and golf data, the glasses are being developed to allow users to view course information on the screen and via voice prompts without having to manually operate the device.

VC Inc. explained that it has already identified a significant portion of its expected order volume for next year. However, this is based on customer demand forecasts and should be distinguished from confirmed orders.

VC Inc. official stated, “While we have solidified our dominance in the domestic market with irreplaceable technological capabilities, with the addition of new overseas ODM revenue, we expect nearly half of this year’s total revenue to come from global exports.” The official added, “Through the expansion of APL technology into the U.S. and Japan and the launch of smart glasses next year, we will achieve a complete turnaround in performance as a global leader.”