Konan Technology: Q1 2026 Revenue of 3.88 Billion KRW, Operating Loss of 3.99 Billion KRW
Q1 2026 revenue of 3.88 billion KRW (down 4.7% YoY from 4.07 billion), operating loss of 3.99 billion KRW (flat YoY), net loss of 4.73 billion KRW (up from 3.94 billion YoY).
Konan LLM product revenue of 1.6 billion KRW accounted for 41.3% of total sales, continuing expansion of generative AI business.
Order backlog of 18.29 billion KRW (up from 16.98 billion at end of 2025), construction contract backlog of 12.73 billion KRW (slightly down from 13.52 billion).
Cash and cash equivalents of 7.32 billion KRW, short-term financial instruments of 16.98 billion KRW, total liquidity of 24.31 billion KRW. Short-term borrowings of 2 billion KRW.
R&D expenses of 1.06 billion KRW (27.2% of sales), R&D staff of 65 (slightly down from 68 at end of 2025).
Debt ratio of 54.7% (54.0% at end of 2025), maintaining financial soundness.
Major shareholders: CEO Kim Young-seom 22.88%, SK Telecom 18.85%, Korea Aerospace Industries 7.10%.
No dividend for the past 5 years, no share buyback or cancellation plan.