SECERN AI Q1 Revenue Up 159% but Operating Loss Continues

Consolidated Q1 revenue of 3,283 million KRW, up 159% YoY
Operating loss of 2,759 million KRW, net loss of 2,828 million KRW, continuing losses
Credit rating downgraded to BBB- (Korea Ratings), valid until 2026.04.27
Expansion into SI and fintech through subsidiaries DaeboDX and Solk Holdings
SEEU ON obtained CSAP standard grade, strengthening product competitiveness
No dividends; potential dilution from convertible bonds and stock options
Retained earnings deficit of -64.9 billion KRW, but no capital impairment