Chai Communication Q1 operating loss 896M won, turns to deficit
Consolidated Q1 2026: revenue 19.20 billion won, operating loss 896 million won, net loss 801 million won (attributable to parent -955 million won). Revenue increased YoY (11.23B→19.20B) but swung to operating loss.
Debt ratio 187.61% (slightly improved from 191.34% at year-end). Borrowings 60.48 billion, convertible bonds 5.85 billion, total financial liabilities 105.55 billion.
On April 30, 2026, issued 10 billion won in 3rd unregistered private convertible bonds (maturity Dec 1, 2027, coupon 0%, yield to maturity 3%, conversion price 4,853 won).
No share buyback, cancellation, or dividends during the quarter.
Largest shareholder Choi Young-sub's stake decreased to 55.61% from 63.28% (likely due to free grants of shares to employees).
Consolidated subsidiary The SC (medical institution marketing) contributed to product sales of 2.20 billion won (vs 34 million in prior year).
Operating cash flow negative 8.68 billion won (prior year -10.25 billion), continuing deficit.