IVISIONWORKS: Q1 2026 Revenue Down but Net Loss Narrows; Convertible Bond Repaid Early
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Q1 2026 revenue: 4.49 billion KRW (down 15.7% YoY from 5.33 billion)
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Operating loss: 0.47 billion KRW (improved from 0.63 billion loss YoY)
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Net loss: 0.24 billion KRW (improved from 0.52 billion loss YoY)
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Order backlog: 6.54 billion KRW; new orders in Q1: 3.9 billion
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Cash and equivalents: 17.74 billion KRW; debt ratio 29% (healthy)
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Post-report: Full redemption of 2.2 billion KRW convertible bonds at maturity
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No dividends or share buybacks (no dividends in last 5 years)
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Credit rating maintained at BBB0/BBB- (NICE D&B, Korea Data)
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Major customer (Company A) accounts for 42% of sales; high concentration
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Prolonged EV battery market chasm continues to weigh on performance
KOSDAQ Filing Information
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Filing: Quarterly Report (2026.03)
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Company: IVISIONWORKS (469750)
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Submission: IVISIONWORKS CO.,LTD.
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Receipt: 05-15-2026