Nota Inc. Narrows Third-Quarter Operating Loss by 42% Year on Year as Platform and Solutions Businesses Grow in Tandem

[Financial News] Nota Inc. is accelerating its efforts to improve profitability, reducing its operating loss in the third quarter of this year by 42% from the previous quarter. Cumulative revenue through the third quarter also rose 51% year on year to 12 billion won, extending growth in both its AI optimization platform and solutions businesses.
According to industry sources on the 13th, revenue from new customers accounted for 52% of Nota Inc.'s cumulative revenue through the third quarter of this year. Cumulative orders received totaled approximately 26.3 billion won, while the order backlog as of the end of September totaled 15.4 billion won, comprising 7.6 billion won for the platform business and 7.8 billion won for solutions.
By business, revenue from the AI optimization platform and solutions increased 19% and 21%, respectively, from the previous quarter. The platform business expanded its customer base to include FuriosaAI, Mobilint and HyperAccel, among others, building on its mobile AI optimization collaboration with Samsung Electronics. Revenue from a recently signed contract with a global semiconductor company to supply model optimization technology for personal AI is expected to be recognized starting in the fourth quarter.
In the data center sector, Nota signed a follow-up contract with HyperAccel to supply model compression and compute optimization technology for Verda, an inference chip for large language models (LLMs). Nota also provides its optimization technology through the AI developer platform of Arm, a UK semiconductor company.
The solutions business expanded its applications into video surveillance and physical AI. A video surveillance package combined with Intel GPUs processed 32 video channels using a single GPU, while AI model optimization boosted inference speed by up to sevenfold for robotic arms powered by Qualcomm chips.
Myungsu Chae, CEO of Nota Inc., said, "We will continue to grow, driven by a new contract with a global semiconductor company, follow-on orders from existing customers, and expansion into new markets such as data centers and physical AI."
[email protected] Choi Hye-rim Reporter