Egtronics: Sharp Sales Decline and Continued Operating Loss in Q1 2026

Consolidated Q1 2026 revenue: KRW 1.42 billion (down 66% YoY from KRW 4.23 billion)
Operating loss: KRW 3.46 billion (widened from KRW 0.79 billion loss in Q1 2025)
Net loss: KRW 3.27 billion (swung from net profit of KRW 1.14 billion in Q1 2025)
Total liabilities: KRW 24.08 billion; borrowings: KRW 15.46 billion (increased from KRW 11.68 billion at end-2025)
Credit rating: B- (Ecredible); Cash flow rating: C-
Telecommunication segment revenue share plunged to 0.32% (from 30.37% in prior year)
R&D expenses: KRW 1.28 billion (90.25% of revenue)
Ongoing administrative sanctions related to government projects (participation restriction until Sep 2026)
No dividend declared (suspended from previous KRW 150 per share)