C-Lab has reached its upper trading limit following the announcement of a long-term supply contract with Samsung SDS worth 315.1 billion won.
According to the Korea Exchange, as of 9:40 a.m. on July 8, C-Lab's stock was trading at 12,620 won, up 2,910 won (29.97%) from the previous trading day.
The surge in investor sentiment was driven by the large-scale supply contract disclosed the previous day. C-Lab announced on July 7 that it had signed a contract with Samsung SDS for an 'AI Computing Resource Utilization Enhancement Project.'
The contract is valued at 315,128,001,000 won, which is approximately 3,068% of C-Lab's consolidated revenue of 10,272,232,000 won from the previous year. The contract period runs from July 7 until December 31, 2031.
Under the contract terms, 50% of the contract amount will be paid as an advance, 30% as a progress payment, and 20% as a final payment. The company plans to carry out the project through outsourced production.
This contract is seen as a significant order that exceeds C-Lab's annual revenue, raising expectations for long-term performance improvement. The securing of a long-term contract with Samsung SDS, a leading IT service company in South Korea, is expected to enhance C-Lab's AI infrastructure business and provide a stable revenue base.
Founded in 2010, C-Lab was listed on the KONEX market in 2013 and moved to the KOSDAQ in 2021. The company specializes in artificial intelligence (AI) and offers five solutions centered around three main businesses: AI Infrastructure, Vision AI, and Digital Twin. Last year, C-Lab's consolidated revenue was 10.3 billion won, with the AI infrastructure business accounting for 6.3 billion won, or 61.5% of the total.
* This article has been translated by AI.
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