VC Inc. Reports Q1 2026 Consolidated Revenue of KRW 10.8B, Continued Operating Loss… Debt Ratio at 137%
Consolidated revenue for Q1 2026: KRW 10.8B (up 2.9% YoY from KRW 10.5B); consolidated net loss: KRW 0.57B (improved from KRW 1.45B loss in Q1 2025)
Separate revenue: KRW 7.75B; net loss: KRW 0.87B
Debt ratio: 137% (up from 124% at end-2025); high dependence on borrowings
Derivative liabilities of KRW 2.43B (related to call option on Techinc Golf Holdings) and convertible preferred stock liabilities at subsidiary VoiceCaddieX
R&D expenses: 13% of revenue (KRW 1.39B); continued investment