The company said revenue for Q1 2024 (3 months) was $441.7 million, up 23.3% from $358.1 million a year earlier, or 22.8% in constant currency. It said the result exceeded its guidance range of 17% to 20% in constant currency.

1. 01

   The company said revenue for Q1 2024 (3 months) was $441.7 million, up 23.3% from $358.1 million a year earlier, or 22.8% in constant currency. It said the result exceeded its guidance range of 17% to 20% in constant currency.

2. 02

   The company said gross margin for Q1 2024 was 69.5% (67.2% a year earlier), and operating income was $56.9 million, or 12.9% of revenue, up from $27.7 million (7.7%) a year earlier. Adjusted operating income a year earlier was $19.7 million (5.5%).

3. 03

   The company said net income for Q1 2024 was $51.5 million ($0.73 per diluted share), compared with $23.8 million ($0.34) a year earlier. Adjusted EBITDA was $89.2 million, or 20.2% of revenue, compared with $48.8 million (13.6%) a year earlier.

4. 04

   The company said it raised its full-year revenue growth outlook for the year ending December 31, 2024 in constant currency to 14% to 18% (previously 12% to 17%), and raised its operating margin outlook to approximately 13.5% (previously approximately 13%).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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