CATIS Q1 2026: Revenue Plunges, Operating Loss Widens, Credit Rating Downgraded to BB

Q1 2026 consolidated revenue KRW 2.43B (down 65.5% YoY from KRW 7.04B), operating loss KRW 1.42B (vs profit in prior year), net loss KRW 1.20B
Debt ratio 59%, cash & equivalents KRW 2.21B, borrowings KRW 16.36B (short-term KRW 8.7B, long-term KRW 7.66B)
Credit rating downgraded to BB (Ecreditable, as of 2025.04.22); stock price KRW 606 (down 29.6% from year-end 2025: KRW 861)
Largest shareholder holds 51.86%, treasury shares 3.61%, no dividends
Order backlog KRW 42.49B (48 contracts), Incheon Airport Phase 4 passenger screening equipment construction progress 26.35%
Approved 5:1 stock reverse split (effective May 7, 2026)