Philoptics Reports Sharp Drop in Q1 2026 Revenue and Expanding Operating Loss

Consolidated revenue: KRW 10.97 billion (down 66.4% YoY from KRW 32.67 billion)
Consolidated operating loss: KRW 5.35 billion (vs. loss of KRW 3.22 billion in prior year)
Consolidated net loss: KRW 12.53 billion (vs. loss of KRW 4.67 billion, 2.7x increase)
Debt ratio: 109.27% (up from 100.09% at year-end 2025)
Cash and cash equivalents: KRW 50.9 billion (down 55% from KRW 113.7 billion)
Order backlog: KRW 111.0 billion (maintained)
Credit rating: BB (speculative grade)
No dividend paid (no dividends since 2023)
No share buyback or cancellation plans
R&D expense: KRW 1.57 billion (17.2% of revenue, high ratio)