Nextchip 2026 Q1: Revenue up 35% YoY to 11.7B won, Operating loss improves, CB fully repaid

Q1 2026 consolidated revenue: 11.67B won (+34.8% YoY from 8.66B won)
Operating loss: 2.43B won (narrowed from net loss of 5.95B won in prior year Q1)
Full early redemption of 30B won convertible bonds (Jan 2026); debt-to-equity ratio improved to 141.5% (from 221.1% at year-end 2025)
Operating cash flow positive: 2.77B won (vs -5.37B won in prior year Q1)
R&D expense: 3.19B won (27.4% of revenue), down from 4.79B won in prior year Q1
Total equity: 14.44B won; accumulated deficit: 142.88B won
Product revenue breakdown: ISP 76.6%, AHD 17.6%, ADAS SoC nil
Largest shareholder: NC&N Co., Ltd. (23.0% stake)