> Prompt: Investigate APR's sales and operating profit growth from Q1 2023 to Q2 2025, along with stock price and market cap trends

## APR — Financial Performance & Stock Price Analysis

### Summary

APR is a company showing **explosive growth**, with both revenue and operating profit recording sharp upward trajectories. Since its 2024 listing, the stock price has shown volatility, but surged significantly in 2025.

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## Revenue Growth Analysis

**Quarterly Revenue (Unit: KRW 100M)**

- Q1 2023: 1,222 (122.2B KRW)
- Q2 2023: 1,277 (+4.5% QoQ)
- Q1 2024: 1,489 (+21.8% YoY)
- Q2 2024: 1,555 (+21.8% YoY)
- Q1 2025: 2,660 (+78.7% YoY)
- Q2 2025: 3,277 (+110.7% YoY)

**Key Highlights:**

- **2025 surge**: Revenue growth accelerated dramatically, reaching 80-110% YoY
- **Consistent uptrend**: Maintained continuous revenue growth since 2023

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## Operating Profit Growth Analysis

**Quarterly Operating Profit (Unit: KRW 100M)**

- Q1 2023: 232 (23.2B KRW)
- Q2 2023: 248
- Q1 2024: 278 (+19.7% YoY)
- Q2 2024: 280 (+13.0% YoY)
- Q1 2025: 546 (+96.4% YoY)
- Q2 2025: 846 (+202.0% YoY)

**Operating Margin Trend:**

- 2023: ~19%
- 2024: ~18%
- 2025: ~21-26%

**Key Highlights:**

- **Significant profitability improvement**: Operating margin expanded substantially in 2025
- **Economies of scale**: Operating profit growth rate exceeded revenue growth rate

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## Stock Price & Market Cap

**Key Data Points**

- **End of Mar 2024**: KRW 262,000, Market Cap 1.99T KRW
- **End of Jun 2024**: KRW 401,500 (+53.2%), Market Cap 3.06T KRW
- **End of Mar 2025**: KRW 70,300 (-82.5%), Market Cap 2.62T KRW
- **End of Jun 2025**: KRW 148,700 (+111.5%), Market Cap 5.66T KRW

**Key Highlights:**

- **High volatility**: Stock price experienced significant swings
- **Stock split impact**: The apparent price decline in 2025 is likely due to a stock split (shares outstanding increased from 7M to 37M)
- **Recent strength**: Market cap surpassed KRW 5T by end of Q2 2025

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## Overall Assessment

**Growth**

- Revenue: 2.7x growth over 2 years (122.2B → 327.7B KRW)
- Operating Profit: 3.7x growth over 2 years (23.2B → 84.6B KRW)
- Continued profitability improvement

**Stock Price Trend**

- Post-IPO rally in 2024 → correction in early 2025 → rebound in mid-2025
- Current market cap at approximately KRW 5T (large-cap level)

**Outlook**

- Explosive earnings growth continues — positive outlook
- However, high volatility warrants caution
- Sustained operating margin improvement is the key factor to watch

APR is a **rapidly growing company**, with both revenue and profitability improving dramatically, particularly in 2025.