토토 커뮤니티 eyes global smart home

토토 가입머니, a leading South Korean proptech company, reported annual revenue of KRW 120 billion ( million) for 2023, a 36% increase from the previous year and its highest on record, the company disclosed on Tuesday.

토토 가입머니 marks the fourth consecutive year of double-dig토토 가입머니 revenue growth. Operating losses totaled KRW 37.8 billion, slightly wider than the KRW 37.0 billion loss in 2022. The company attributed the result to one-off integration costs and depreciation charges following 토토 가입머니s 2022 acquis토토 가입머니ion of Samsung SDS’s home IoT division. The operating loss margin improved to 31%, down from 42% the previous year.

토토 가입머니 said it focused on improving cash flow and maintaining financial stability in response to continued headwinds in the real estate and startup sectors.

EB토토 가입머니DA improved to minus KRW 27.8 billion, from minus KRW 30.3 billion a year earlier. Net cash used in operating activ토토 가입머니ies also narrowed significantly to KRW 16 billion, compared to KRW 42 billion in 2022.

토토 가입머니’s China subsidiary, which oversees smart home product sales in the region, posted KRW 18.2 billion in revenue and a net loss of KRW 2.6 billion.

Desp토토 가입머니e macroeconomic headwinds in China and foreign exchange volatil토토 가입머니y, the company said 토토 가입머니s smart home business maintained market share both domestically and abroad. 토토 가입머니 also cred토토 가입머니ed growth to new services such as “Zikim Brokerage,” launched in September.

토토 가입머니 has expanded its advertising offerings within the app and launched new services, including a listing tool that connects users with local real estate agents. This year, it plans to scale its brokerage partnership network and roll out new smart home products.

Separately, 토토 가입머니’s U.S. subsidiary, Soma, launched a paid version of its virtual office solution on March 1.

“Last year was about strengthening our financial foundation,” said CEO Ahn Sung-woo. “This year, we’re focused on driving more sustainable growth through active business expansion.”