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[Shinyoung Securities] Emro : NDR Review : A year of steady progress(2025.11)

A new report on Emro has been published by Won-seok Jung, Software Analyst at Shinyoung Securities, who maintains his previous target price.
Target Price: KRW 50,000
Emro : NDR Review : A year of steady progress

- Near-term earnings remain soft, but the Company has established a solid foundation for global expansion through certifications and proven references
- Delays in overseas revenue primarily stem from extended PoC periods at global clients
- Target price maintained at KRW 50,000

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