Inticube Posts Operating Loss of 2.27 Billion Won in Q1 2026, Turning to Deficit

Consolidated Q1 2026 revenue: 10.4 billion won, operating loss: 2.27 billion won (vs prior year Q1: revenue 16.9 billion, operating profit 0.77 billion)
Net loss attributable to parent: 2.36 billion won (vs prior year Q1 net profit 0.60 billion)
Separate: revenue 9.17 billion, operating loss 2.28 billion, net loss 2.37 billion
Debt ratio improved to 128.9% from 143.9% at year-end 2025
Cash and cash equivalents: 2.76 billion won, up from 2.30 billion
Accumulated deficit: 6.89 billion won (separate 6.50 billion), not yet capital impairment
Credit rating: BB+ (NICE, April 17, 2026)
Change in largest shareholder: Hansol Holdings → Playverus (March 10, 2026, 42.25% stake)
No share buyback, cancellation, or dividend
R&D expenses: 0.67 billion won (7.27% of revenue), continued investment