Flitto's 200% Stock Dividend to Significantly Boost Shareholder Value

AI language data specialist Flitto has announced a significant decision to maximize shareholder value. The company has decided on a 200% bonus issue, allocating two new shares for every one common share, which will increase the total number of outstanding shares to 16,505,451. The record date for new share allocation is June 25th, and the planned listing date is July 18th. This bonus issue goes beyond merely a short-term stock price boost. It is the result of Flitto's careful preparation from a long-term perspective to enhance shareholder value, having achieved a robust transformation by successfully turning profitable with three consecutive quarters of operating profit. To address the issue of being undervalued due to a low number of circulating shares, approximately 10 million shares will be circulated in the market, which is expected to activate trading and allow Flitto's true value to shine. CFO Yoon Min-yong expressed confidence, stating, "We will promote a stock price increase that has been suppressed due to increased trading volume, and will continuously maintain operating profit achievement and financial soundness." Flitto has consistently pursued shareholder-friendly management by proactively removing factors that dilute stock value, such as disposing of treasury shares and retiring treasury bonds. Business performance is also encouraging. As of March this year, the company has already secured data sales contracts exceeding 65% of the previous year's revenue, and supply contracts for voice and image data with new global big tech companies are also actively being pursued. Beyond its main language data sales, the AI solutions division (Chat Translation, Live Translation, Image Translation) has also successfully supplied its services to Amazon, Google, and domestic financial institutions, building strong references. Driven by the explosive demand in the U.S. market, preparations for a full-fledged entry into the U.S. are also underway. CEO Lee Jung-soo expressed his ambition, stating, "Flitto's data and AI virtuous cycle technology will receive more attention in the era of AI superpowers, and we will become the most outstanding export company among domestic AI listed companies." He further emphasized, "As additional large-scale data supply contracts and annual operating profit achievement are expected in the second half of this year, we will focus all our capabilities on enhancing shareholder value."