Sigetronics' Q1 loss widens, cash plummets; no dividends or share buybacks

Q1 2026 revenue increased to KRW 3.59bn (vs 2.61bn YoY) but operating loss widened to KRW 2.26bn, net loss to KRW 2.06bn; losses continue and worsen
Cash and cash equivalents plunged to KRW 0.45bn from KRW 5.26bn at year-end 2025, a 91.5% drop; debt ratio surged to 58.49% from 30.12%
Accumulated deficit reaches KRW 42.94bn; no dividends or share buybacks/retirements
R&D expenses KRW 0.39bn (11% of sales), government grants KRW 0.04bn
Largest shareholder Shim Kyu-hwan holds 18.69%; 6-inch FAB utilization rate low at 32.1%