FASOO AI: 1Q26 Consolidated Operating Loss Narrows; Continues AI/Cloud Investment

Consolidated revenue: KRW 9.0 billion (+6.8% YoY)
Consolidated operating loss: KRW 2.02 billion (narrowed from KRW 2.72 billion loss)
Consolidated net loss: KRW 1.87 billion (narrowed from KRW 2.66 billion loss)
Basic EPS loss: KRW 159 (improved from KRW 224 loss)
Separate basis: revenue KRW 7.51 billion, operating loss KRW 0.74 billion, net loss KRW 0.59 billion
Shareholder returns: No share buyback/cancellation or dividend information
Financial health: Debt ratio 28.8% (FY end 28.2%), cash & equivalents KRW 6.38 billion
Key segments: Data security (39.7% of revenue), maintenance (46.2%), application security (11.4%)
Subsidiary Sparrow (88% stake): quarterly net loss KRW 0.59 billion
FASOO, Inc. (US, 100%): quarterly net loss KRW 0.70 billion
Continued capitalization of development costs for AI solutions (Ellm, AI-R) and SaaS platform (DSP Cloud)
Company name changed to 'FASOO AI Co., Ltd.' in March 2026