Conversion of convertible bonds into common shares (321,543 shares, approx. 19.5 billion won) eliminated 12.27 billion won in financial liabilities at FVTPL, increasing equity
Net loss of 8.81 billion won (including 7.24 billion won valuation loss on CB), operating loss of 1.85 billion won
Revenue of 1.77 billion won (up 50% from 1.18 billion won in same period last year), operating loss widened due to increased R&D expenses
R&D expenses of 0.86 billion won (48.7% of revenue), focused on robot reducers and drive modules for humanoids
Borrowings of 5.0 billion won, cash equivalents of 5.01 billion won, net debt of 0.49 billion won (significantly improved from 8.38 billion won at year-end 2025)
Total equity of 23.32 billion won (up 87% from 12.50 billion won at year-end 2025), debt-to-equity ratio of 34.1% (improved from 157.8%)
New outside director Kim Yeon-ho (CTO of Lion Robotics), new auditor Kim Hyun-soo (CPA) appointed
One lawsuit ongoing (damage claim related to voice phishing impersonation, 0.14 billion won), in second trial
Under technology special listing exemption, management item designation deferred for 3 years