BI Matrix Posts 21.8% Revenue Growth in Q1 2026, Net Loss Sharply Narrows

Consolidated Q1 2026 revenue KRW 8.52B (vs. KRW 7.00B YoY, +21.8%), net loss -KRW 0.06B (vs. -KRW 0.45B YoY, loss reduced 87%)
AI solutions (G-MATRIX, TRINITY) combined product+service revenue KRW 2.68B, up 87% YoY
Order backlog KRW 13.45B; large projects ongoing with Samsung, POSCO, financial institutions
R&D spending KRW 1.02B (12% of revenue), leading 8 government projects
Stock options granted in Mar 2024 (175,000 shares) and Apr 2025 (102,300 shares); remaining compensation cost KRW 1.52B
Consolidated cash & cash equivalents KRW 3.44B, short-term financial instruments KRW 21.0B; total borrowings KRW 5.0B (net cash KRW 19.44B)
Expected credit loss rates from 0.5% to 100% (>12 months overdue); loss allowance KRW 0.39B (down from KRW 0.52B at year-end 2025)