Sensor View: Q1 2026 Revenue Plunges, Net Loss Widens; Implements Capital Reduction to Improve Financial Structure

Consolidated Q1 2026 revenue: 2.09 billion KRW (down 62% YoY from 5.47 billion); net loss: 4.24 billion KRW (widened from 3.03 billion loss YoY)
Revenue plunge driven by civil telecom segment contraction (72%→25% of sales); defense/aerospace/space segment relatively resilient (26%→72%)
Executed capital reduction (par value from 500 to 100 KRW) reducing capital by 20.7 billion to offset deficits and improve financial structure
Capital expansion through paid-in capital increase (0.94M shares) and conversion of CB/BW (5.58M shares)
Order backlog maintained at 16.5 billion KRW (defense 16.1 billion), securing future revenue base
R&D spending remains high at 84% of revenue (1.67 billion KRW)
Net debt-to-capital ratio improved (53.23% to 43.61%)
Derivative valuation loss of 630 million KRW recognized, increasing financial costs
Consolidated cash and cash equivalents decreased to 580 million KRW, posing liquidity risk
Subsidiaries SENSORVIEW TW and Europe GmbH in capital impairment