Sapien Semiconductors Reports Surge in Q1 2026 Revenue and Swing to Profit
Q1 2026 revenue KRW 7.13bn (up 333% YoY from KRW 1.65bn), operating loss KRW 1.18bn but net profit KRW 0.36bn due to financial gains (FX gains etc.), vs net loss KRW 1.70bn in Q1 2025
Cash and equivalents KRW 10.79bn, total borrowings KRW 9.27bn, net cash position KRW 1.53bn
Ongoing CMOS Backplane development contracts with major clients (CA BigTech, Japan BigTech, etc.), contract backlog over KRW 20bn
R&D expense KRW 0.11bn (vs KRW 0.52bn in Q1 2025), 236 patents held
No share buyback/cancellation or dividends announced