Consolidated Net Loss, High Debt Burden, and Planned Stock Reverse Split

Consolidated: Q1 2026 net loss attributable to parent of KRW 24 million (vs profit of KRW 340 million in prior year period)
Separate: Q1 net profit of KRW 204 million (down 68% from KRW 636 million in prior year period)
Debt-to-equity ratio: 68.21% (improved from 70.52% at year-end, but still high)
Total borrowings and convertible bonds: KRW 28.7 billion (short-term borrowings KRW 12.0 billion, long-term KRW 11.3 billion, convertible bonds KRW 5.4 billion)
Retained earnings: negative KRW 22.9 billion (accumulated deficit)
Credit rating: BB+ (Nice D&B, 8th out of 10 grades)
Planned 5:1 stock reverse split on May 21, 2026, reducing shares to 5,777,858
R&D expenses: KRW 374 million (5.16% of revenue)