ITEYES Inc. Increases Korea Power Exchange IT Maintenance Contract by 424M KRW, Extends Period; Performance Rate at 88.79%
[Contract Expansion] ITEYES corrected the contract amount with Korea Power Exchange from 17.998B KRW to 18.423B KRW, an increase of 425M KRW (2.36%). Total consortium contract amount rose from 35.578B to 36.376B KRW.
[Period Extension] Contract end date extended from June 1, 2026 to July 1, 2026, likely due to scope expansion or schedule adjustment.
[Performance Improvement] Performance rate increased from 84.13% to 88.79%, indicating stable progress.
[Financial Impact] The contract represents 37.13% of 2022 consolidated revenue (54.57B KRW), contributing to revenue stability.
[AI Summary]The contract value increase and high performance rate signal positive operational cash flow. However, the modest adjustment suggests a limited positive impact on stock price.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract