Q1 2026 consolidated revenue of KRW 986 million (similar to quarterly average of 2025 annual KRW 3,920 million), consolidated net loss of KRW 1,700 million (narrowed from KRW 2,825 million loss in Q1 2025 but still significant)
Cash and cash equivalents plummeted to KRW 61 million (99% decrease from year-end 2025 KRW 5,255 million); short-term borrowings increased to KRW 13,054 million (from KRW 7,079 million), long-term borrowings at nil (from KRW 6,000 million) – severe cash depletion and debt surge
Trade receivables of KRW 3,415 million with allowance for doubtful accounts of KRW 2,623 million; inventories of KRW 4,973 million (mostly work-in-progress)
Not technically capital-impairment, but retained earnings deeply negative due to accumulated losses; total equity sustained by share capital and share premium (approx. KRW 67.4 billion)
No dividends, share buybacks, or cancellations (no shareholder return)
In Q1 2026, issued 312,849 new shares via third-party allotment for fundraising; also issued convertible bonds and exercised call options for continued capital raising
Core technology (area laser) remains competitive, but weak financial structure and operating losses pose high investment risk