1. SEELAB’s KRW 1 Billion Contract: What Happened?
On September 25, 2025, SEELAB finalized a KRW 1 billion AI GPU appliance supply contract with WiseNut. The contract period extends to May 29, 2026, spanning approximately eight months. This substantial deal, equivalent to 11.46% of SEELAB’s 2024 revenue (KRW 9.09 billion), marks a significant step in the company’s AI business expansion.
2. Why is This Contract Important? Analyzing SEELAB’s Fundamentals
This contract not only directly contributes to SEELAB’s revenue growth but also holds the potential for improved profitability. AI GPU appliances typically command higher margins compared to general IT solutions. Furthermore, the collaboration with WiseNut, a specialist in Natural Language Processing (NLP), strengthens SEELAB’s AI portfolio and opens doors for future synergies. However, considering SEELAB’s 2024 operating and net losses, sustained revenue growth and profitability remain crucial challenges.
3. What’s the Market Outlook?
The continued growth of the global AI market and increasing demand for AI GPUs create a favorable environment for SEELAB. However, high interest rates and exchange rate volatility pose investment risks. The potential for increased prices of imported GPUs and components could lead to cost pressures.
4. Action Plan for Investors
This contract is a positive signal, highlighting SEELAB’s growth potential. However, investors should carefully consider the risks, including short-term profitability uncertainty, financial health, and exchange rate fluctuations. Continuous monitoring of contract implementation, sales and profit margin trends, and overall AI market dynamics is essential for making informed investment decisions.