Iron Device Q1 2026 Revenue 4.7B Won (+342% YoY) but Net Loss Continues

Q1 2026 consolidated revenue 4.70B won (up 342% YoY from 1.06B won)
Net loss 608M won (improved from 941M loss in Q1 2025)
High customer concentration: Customer A accounts for 91.7% of revenue (4.31B won)
Operating cash flow negative 1.60B won (worsened from 0.40B negative in prior year period)
Total borrowings increased to 3.45B won (from 1.93B at year-end 2025) due to new short-term borrowing of 1.55B won
Credit rating BB- (moderate risk)
Post-report: acquired office property for 14.04B won on April 29, 2026 for business expansion
No share buyback, cancellation, or dividend plans