SMCore Inc.
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SMCore Inc. - overview
Established
1972
Location
Seoul, -, South Korea
Primary Industry
Semiconductors
About
Based in South Korea, SMCore Inc. specializes in innovative smart factory automation solutions, enhancing logistics efficiency across diverse industries worldwide. Founded in 1972 and headquartered in Seoul, South Korea, SMCore Inc. focuses on developing advanced automation technologies for logistics systems.
The company has evolved its strategies to cater to the growing demand for supply chain optimization. CEO Jae-gwan Cho leads the organization, which has not reported any subsidiaries or major operational pivots. SMCore specializes in smart factory automation solutions designed to optimize logistics systems across various industries. Their core product offerings focus on automating and rationalizing logistics processes, streamlining operations to enhance efficiency and reduce operational costs.
The company's technology addresses prevalent challenges in supply chain management, such as inventory control, order fulfillment, and real-time tracking. SMCore's clients include manufacturers, distributors, and retailers in North America, Europe, and Asia, where they implement tailored solutions to improve productivity and operational performance. Their products integrate seamlessly within existing systems, providing users with enhanced visibility and control over their logistics operations. In 2023, SMCore generated revenue of USD 133.
11 mn with an EBITDA of USD -12. 66 mn. The company's revenue model includes B2B partnerships and direct sales to clients, focusing on long-term contracts for logistics automation solutions. Revenue streams come from upfront payments for system installations, followed by subscription fees or maintenance contracts for software updates and technical assistance, fostering enduring client relationships.
SMCore plans to enhance its product lineup with new automation solutions tailored for specific industry needs, with launches targeted for late 2024. The company is also looking to expand into the Asian and European markets, aiming to establish a stronger presence by 2025. Recent funding will be directed towards product development and market entry initiatives, ensuring the company continues to support the demands of evolving logistics operations.
Current Investors
IMM Investment
Primary Industry
Semiconductors
Sub Industries
Industrial Machinery, Electronic Components & Semiconductor Wholesalers, Semiconductors
Website
www.smck.com/
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
SMCore Inc. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 73,298,443,723 | 48,819,058,204 | 72,414,808,384 | 93,475,185,255 | 128,073,312,142 | 104,035,816,132 | 76,358,148,833 | - | - | - |
| % Revenue Growth (YoY) | - | (33.4%) | 48.3% | 29.1% | 37.0% | (18.8%) | (26.6%) | - | - | - |
| EBITDA (USD) | 3,309,416,097 | (12,363,083,967) | 2,228,441,594 | 1,933,058,925 | 7,143,714,096 | 4,017,236,081 | 71,745,406 | - | - | - |
| Operating Income (USD) | 2,357,155,932 | (13,362,404,883) | 532,388,796 | 226,987,079 | 5,051,259,573 | 1,559,220,846 | (2,496,814,420) | - | - | - |
| Operating Margin | 3.2% | (27.4%) | 0.7% | 0.2% | 3.9% | 1.5% | (3.3%) | - | - | - |
| % EBITDA Margin | 4.5% | (25.3%) | 3.1% | 2.1% | 5.6% | 3.9% | 0.1% | - | - | - |
| NET Income (USD) | 3,027,018,981 | (12,283,695,408) | (1,832,609,374) | 960,553,178 | 4,591,969,319 | (636,365,811) | (917,493,156) | - | - | - |
| % Net Margin | 4.1% | (25.2%) | (2.5%) | 1.0% | 3.6% | (0.6%) | (1.2%) | - | - | - |
SMCore Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | SMCore Inc. | - |
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