Sands Lab Q1 2026: Net loss widens, operating loss improves; strong cash position
Consolidated Q1 2026 revenue: 1.83 billion KRW (up from 0.71 billion in Q1 2025, but significantly lower than the average quarterly revenue of 2.9 billion in 2025)
Consolidated operating loss: 1.01 billion KRW (improved from 1.09 billion loss in Q1 2025)
Consolidated net loss: 0.64 billion KRW (improved from 1.54 billion loss in Q1 2025, but widened from 0.47 billion loss in full year 2025)
EPS: -41 won (consolidated)
Cash and cash equivalents: 5.9 billion KRW; including financial assets: 39.5 billion KRW (down from 43.7 billion at end of 2025)
Net debt: negative (no net debt)
No dividends or share buyback/cancellation
Credit rating: BB+ (NICE)
Subsidiary: AI Deep (80.91% stake) included in consolidation