1Q26 Revenue 5.8B Won, Allowance for Doubtful Accounts Surges to 29.6%

1Q26 revenue 5.8B won (27% of FY25 revenue of 21.2B), build-up sales account for 76.8%
Allowance for doubtful accounts surges to 29.6% from 10.4% at year-end 2025, increasing collection uncertainty
R&D expenses 0.54B won (9.25% of revenue), continuous self-developed technology
Borrowings of 4.97B won, collateral on headquarters and Guro office
Past administrative sanctions for R&D fund misuse (penalties 0.38B won) being fulfilled, recurrence prevention measures in place
Pushing SaaS conversion of digital twin platform, holds CSAP standard security certification