MonitorApp Q1 Reports Operating Loss but Improves Financial Structure and Credit Rating

Consolidated Q1 2026 revenue of 3.64 billion KRW (up from 3.43 billion YoY), operating loss of 710 million KRW, net loss of 522 million KRW
Credit rating upgraded from BB+ to BBB- (NICE Information Service, evaluation date 2026.04.07)
On 2026.04.01, board decided to redeem all 608,050 convertible preferred shares issued to AhnLab; cancellation completed on 2026.04.08
On 2026.04.20, acquired remaining 36,500 shares of subsidiary SOMMA, achieving 100% stake; partial payment with 247,000 treasury shares
Debt ratio improved to 28.69% (from 32.07% at end 2025); cash and cash equivalents increased to 7.7 billion KRW (from 5.9 billion)
No dividend or share buyback/cancellation plans (except RCPS redemption)
R&D expenditure ratio remains high at 29.43% of revenue