Q1 2026 Swings to Operating Loss, Sales Plunge and Inventory Surge

Q1 2026 consolidated sales of 16.3 billion won, down 59.5% YoY from 40.3 billion; operating loss of 2.5 billion won (vs. prior year undisclosed)
Consolidated net loss of 1.9 billion won, basic loss per share of 160 won
Cash and cash equivalents of 23.1 billion won, net debt of -15.1 billion won (net cash position; debt-to-capital ratio not calculated)
Inventory of 28.6 billion won, up 119% from year-end, representing 32.3% of total assets
Holds 2.45 million treasury shares (16.8%), average cost 2,895 won per share, acquired for price stabilization and to be disposed of in the future
Credit rating BBB+ (NICE D&B, March 2026)
Ongoing AI infrastructure supply contracts with Kakao (35.5 billion won) and Naver Cloud (1.1 billion won)