New Risk • Apr 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩56.4b market cap, or US$38.2m). Bekanntmachung • Apr 11
CammSys Corp. has completed a Follow-on Equity Offering in the amount of KRW 20.18616 billion. CammSys Corp. has completed a Follow-on Equity Offering in the amount of KRW 20.18616 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 14,460,000
Price\Range: KRW 1396
Discount Per Security: KRW 27.92
Transaction Features: Rights Offering New Risk • Mar 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩29b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩29b free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩28.5b market cap, or US$18.9m). Board Change • Feb 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Chairman, President & CEO Hyun-Jin Kwon was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Bekanntmachung • Feb 26
CammSys Corp., Annual General Meeting, Mar 27, 2026 CammSys Corp., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 26, venture-ro 100beon-gil, yeonsu-gu, incheon South Korea New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩37.9b market cap, or US$25.7m). New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩25b free cash flow). Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₩37.1b market cap, or US$25.2m). New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). High level of non-cash earnings (47% accrual ratio). Minor Risk Market cap is less than US$100m (₩63.1b market cap, or US$45.5m). New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩32b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩32b free cash flow). Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩63.3b market cap, or US$45.6m). Bekanntmachung • Jun 27
CammSys Corp. announced that it has received KRW 5 billion in funding On June 25, 2025, the CammSys Corp. closed the transaction. New Risk • May 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩32b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩32b free cash flow). Earnings have declined by 1.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩54.1b market cap, or US$39.3m). Bekanntmachung • Feb 20
CammSys Corp., Annual General Meeting, Mar 28, 2025 CammSys Corp., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 26, venture-ro 100beon-gil, yeonsu-gu, incheon South Korea New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩78.4b market cap, or US$59.6m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩29.00 (vs ₩4.00 in 1Q 2023) First quarter 2024 results: EPS: ₩29.00 (up from ₩4.00 in 1Q 2023). Revenue: ₩115.2b (down 31% from 1Q 2023). Net income: ₩2.12b (up ₩1.83b from 1Q 2023). Profit margin: 1.8% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩198 loss per share (vs ₩282 profit in FY 2022) Full year 2023 results: ₩198 loss per share (down from ₩282 profit in FY 2022). Revenue: ₩500.6b (down 31% from FY 2022). Net loss: ₩14.5b (down 170% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩22.05 (vs ₩72.41 in 3Q 2022) Third quarter 2023 results: EPS: ₩22.05 (down from ₩72.41 in 3Q 2022). Revenue: ₩119.5b (down 35% from 3Q 2022). Net income: ₩1.61b (down 70% from 3Q 2022). Profit margin: 1.3% (down from 2.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ₩19.00 (vs ₩43.00 loss in 1Q 2021) First quarter 2022 results: EPS: ₩19.00 (up from ₩43.00 loss in 1Q 2021). Revenue: ₩194.4b (up 27% from 1Q 2021). Net income: ₩1.40b (up ₩4.33b from 1Q 2021). Profit margin: 0.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2021 earnings released: ₩30.00 loss per share (vs ₩93.00 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₩133.4b (down 49% from 3Q 2020). Net loss: ₩2.17b (down 134% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 06
New 90-day low: ₩2,665 The company is down 5.0% from its price of ₩2,815 on 04 December 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Bekanntmachung • Feb 18
CammSys Corp., Annual General Meeting, Mar 26, 2021 CammSys Corp., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 14
New 90-day high: ₩3,060 The company is up 2.0% from its price of ₩2,995 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 43% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: ₩2,700 The company is down 12% from its price of ₩3,080 on 16 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period.