I 
2,325
-2.72%
Close of 5 Nov 2026, in KRW
At a glance
Figures in KRW, from our data supplier.
Revenue
₩5.33bn
FY2021FY2025
Net income
−₩7.93bn
FY2021FY2025
Free cash flow
−₩7.20bn
FY2021FY2025
Shareholders' equity
₩25.16bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ₩5.33bn | ₩3.41bn | ₩4.03bn | ₩2.62bn | ₩1.23bn |
| Research and development | ₩5.12bn | ₩7.04bn | ₩5.77bn | ₩5.24bn | ₩3.57bn |
| Operating income | −₩8.66bn | −₩10.61bn | −₩7.77bn | −₩8.67bn | −₩9.04bn |
| Net income | −₩7.93bn | −₩9.58bn | −₩10.42bn | −₩10.44bn | −₩9.79bn |
| Diluted earnings per share | -565.99 | -683.18 | -744.42 | -745.85 | -699.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ₩27.12bn | ₩34.05bn | ₩9.82bn | ₩17.35bn | ₩24.03bn |
| Cash and short-term investments | — | ₩28.55bn | ₩4.36bn | ₩11.37bn | — |
| Total liabilities | ₩1.96bn | ₩1.59bn | ₩1.50bn | ₩48.48bn | ₩46.36bn |
| Debt | — | ₩150.1m | ₩32.2m | ₩24.2m | — |
| Shareholders' equity | ₩25.16bn | ₩32.45bn | ₩8.32bn | −₩31.13bn | −₩22.33bn |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −₩6.20bn | −₩6.65bn | −₩6.23bn | −₩6.33bn | −₩4.01bn |
| Capital spending | −₩1.00bn | −₩907.6m | −₩504.5m | −₩1.75bn | −₩1.08bn |
| Free cash flow | −₩7.20bn | −₩7.55bn | −₩6.74bn | −₩8.07bn | −₩5.10bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₩1.51bn | ₩1.27bn | ₩1.70bn | ₩1.12bn | ₩1.51bn | ₩1.00bn | ₩633.1m | ₩686.6m |
| Operating income | −₩1.41bn | −₩2.46bn | −₩2.18bn | −₩2.57bn | −₩1.91bn | −₩2.01bn | −₩2.51bn | −₩2.48bn |
| Net income | −₩1.06bn | −₩2.25bn | −₩1.97bn | −₩2.31bn | −₩1.88bn | −₩1.77bn | −₩2.03bn | −₩2.29bn |
| Diluted earnings per share | -74.12 | -156.62 | -140.71 | -164.69 | -134.21 | -126.37 | -144.53 | -163.48 |
| Cash from operations | −₩1.55bn | −₩2.40bn | −₩1.72bn | −₩1.29bn | −₩1.49bn | −₩1.70bn | −₩6.65bn | −₩5.37bn |
| Capital spending | −₩2.0m | −₩2.0m | −₩686.0m | −₩299.0m | — | — | −₩907.0m | −₩849.0m |
| Free cash flow | −₩1.55bn | −₩2.40bn | −₩2.40bn | −₩1.59bn | — | — | −₩7.55bn | −₩6.22bn |
| Total assets | ₩24.65bn | ₩26.46bn | ₩27.12bn | ₩29.62bn | ₩30.63bn | ₩32.17bn | ₩34.05bn | ₩35.38bn |
| Cash and short-term investments | — | — | — | — | — | ₩26.77bn | — | ₩29.76bn |
| Debt | — | — | — | — | — | ₩124.8m | — | ₩22.3m |
| Shareholders' equity | ₩23.31bn | ₩24.38bn | ₩25.16bn | ₩26.99bn | ₩29.07bn | ₩30.58bn | ₩32.45bn | ₩34.08bn |
Financial ratios
Data as of 8 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -162.6% | -311.5% | -192.9% | -330.2% | -734.8% |
| Net margin | -148.9% | -281.1% | -258.7% | -397.6% | -795.6% |
| Return on equity | -31.5% | -29.5% | -125.2% | 33.5% | 43.8% |
| Return on assets | -29.3% | -28.1% | -106.1% | -60.2% | -40.7% |
| Revenue growth | 56.4% | -15.4% | 53.4% | 113.3% | — |
| Earnings growth | -17.2% | -8.1% | -0.2% | 6.6% | — |
| Current ratio | 15.37x | 25.97x | 5.35x | 0.27x | 0.45x |
| Debt to equity | — | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 92.8% | 95.3% | 84.7% | -179.4% | -92.9% |
| Interest coverage | -348.60x | -600.21x | -8.23x | -6.45x | -11.55x |
| R&D as a share of sales | 96.1% | 206.7% | 143.3% | 199.6% | 290.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.6% | — | — |
| Operating income | -0.0% | — | — |
| Net income | -8.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -17.5 | -15.6 |
| Price to sales | 26.0 | 43.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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