Core Viewpoint - The commercial cleaning robot industry is rapidly developing due to rising labor costs and increased demand for efficient cleaning solutions in the post-pandemic era, with companies like KOKOBOTS GROUP planning to go public to capitalize on this trend [1][2]. Company Overview - KOKOBOTS GROUP focuses on low-speed L4 autonomous driving, robotics, and IoT technology, integrating these into commercial cleaning and data management solutions [2]. - The company offers self-developed low-speed L4 autonomous cleaning robots that operate in high-traffic environments such as hotels, hospitals, and shopping malls, and also provides IoT hardware products for identity recognition and contactless payments [2]. Financial Performance - In the fiscal years 2023 and 2024, KOKOBOTS GROUP reported revenues of $3.4899 million and $4.0516 million, with net profits of $194,500 and $100,320, respectively, indicating rapid growth [3]. - For the first half of fiscal year 2025, the company achieved total revenue of $2.008 million, a 26.8% increase from $1.584 million in the same period the previous year, although it faced a loss of $200,000 [3][4]. - The revenue from intelligent commercial cleaning robots surged by 183.5% in the first half of fiscal year 2025, becoming a core growth driver, while the cost of revenues for this segment increased by 125.6% [5][6]. Industry Outlook - The global commercial cleaning industry was valued at $292.6 billion in 2019 and is projected to reach $368.94 billion by 2023, with a compound annual growth rate (CAGR) of 6.0% [6]. - The commercial cleaning robot market is expected to grow significantly, with a forecasted CAGR of 7.1% from 2024 to 2028, potentially reaching approximately $519.1 billion by 2028 [6][9]. - Despite challenges, the value of commercial cleaning robots in addressing labor shortages and enhancing cleaning efficiency is widely recognized, positioning them as essential in modern commercial cleaning services [9]. Market Position and Strategy - KOKOBOTS GROUP is expanding its international presence, with approximately 80.9% of its revenue coming from international sales in the first half of fiscal year 2025, primarily from the U.S. market [10]. - The company aims to leverage trends in automation, data management, and service-oriented solutions to create differentiated advantages in the market [10].