Dream Insight Q1 2026: Operating Loss Continues, Credit Downgrade, and Dividend Declared

Consolidated Q1 2026: Revenue 4.88B KRW, Operating loss 0.17B KRW, Net loss 0.12B KRW (FY2025: Op. loss 1.16B, Net loss 0.41B)
Separate Q1 2026: Revenue 3.89B KRW, Operating profit 0.01B KRW, Net profit 0.05B KRW
Credit rating downgraded: A (2024) → BBB+ (Aug 2025) by Korea Rating Data
Cash dividend declared: Board resolution Feb 2026, accrued unpaid dividends 0.23B KRW
Treasury shares: 403,962 shares (2.40%), no change during quarter
Debt ratio: Consolidated 46.11%, Separate 44.07% (stable)
Cash & equivalents 5.63B, Short-term financial instruments 6.5B, Borrowings 7.38B (secured)
Three subsidiaries all recorded net loss in Q1 (Larzx, Unicorn Trophy, Singapore)
R&D expenses 0.15B KRW (3.12% of revenue), 4 patents
Listed via SPAC merger Jan 2024; FY2025 actuals significantly missed forecasts (revenue 60.8% below, operating profit turned to loss)