Poongwon Precision Q1 2026: Sales Surge but Losses Continue and Financial Burden Deepens

Consolidated sales 8,988 million KRW, up 96.7% YoY (from 4,569 million)
Net loss 3,976 million KRW, narrowed from 5,872 million loss in prior year
R&D expenses 3,824 million KRW (42.5% of sales), continued technology investment
Total financial liabilities 67,278 million KRW, heavy debt burden
Cash and cash equivalents 595 million KRW, down 63.6% from year-end 1,634 million
High customer concentration (Customer A 55.4%, Customer B 27.6%)
No share buyback, cancellation, or dividend plans