SDN Q1 Revenue Up but Net Loss Continues; Financial Structure Needs Improvement
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Consolidated Q1 2026 revenue 17.2B KRW (+15.9% YoY), operating profit 0.18B (turn to black), net loss 0.94B (improved from 2.0B loss in 2025)
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Credit rating BB+ (downgraded from BBB- in 2023), financial health deteriorated
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Total borrowings 52.2B KRW, interest expense 0.69B in Q1
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Allowance for doubtful accounts 25.6% of receivables, high collection risk
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No share buyback/cancellation or dividend plans
KOSDAQ Filing Information
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Filing: Quarterly Report (2026.03)
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Company: SDN (099220)
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Submission: SDN
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Receipt: 05-14-2026