Annonce • Feb 27
CAELUM Co., Ltd., Annual General Meeting, Mar 26, 2026 CAELUM Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 6, beombang 2-ro, gangseo-gu, busan South Korea New Risk • Dec 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Risk Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩54.3b market cap, or US$37.4m). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,220, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 24x in the Electrical industry in South Korea. Total loss to shareholders of 46% over the past three years. New Risk • Aug 22
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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩52.5b market cap, or US$37.8m). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,856, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩1,620, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total loss to shareholders of 67% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩226 (vs ₩957 loss in FY 2023) Full year 2024 results: EPS: ₩226 (up from ₩957 loss in FY 2023). Revenue: ₩97.3b (up 15% from FY 2023). Net income: ₩8.33b (up ₩32.0b from FY 2023). Profit margin: 8.6% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • Mar 04
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 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩36.8b market cap, or US$25.2m). Annonce • Feb 26
CAELUM Co., Ltd., Annual General Meeting, Mar 26, 2025 CAELUM Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 6, beombang 2-ro, gangseo-gu, busan South Korea New Risk • Jan 16
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 10% 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩40.2b market cap, or US$27.6m). New Risk • Dec 16
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 (₩32.4b market cap, or US$22.5m). New Risk • Nov 08
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 12% 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 (12% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩39.1b market cap, or US$28.2m). New Risk • Aug 28
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 11% 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 Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩53.3b market cap, or US$39.9m). Reported Earnings • Mar 26
Full year 2023 earnings released: ₩957 loss per share (vs ₩811 loss in FY 2022) Full year 2023 results: ₩957 loss per share (further deteriorated from ₩811 loss in FY 2022). Revenue: ₩84.5b (up 8.6% from FY 2022). Net loss: ₩23.6b (loss widened 35% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Nov 29
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 12% 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 Less than 1 year of cash runway based on free cash flow trend (-₩17b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩90.2b market cap, or US$70.0m). New Risk • Oct 27
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 11% 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 (-₩15b free cash flow). Earnings have declined by 61% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩99.3b market cap, or US$73.3m). New Risk • Aug 26
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: -₩15b 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 (-₩15b free cash flow). Earnings have declined by 61% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩86.2b market cap, or US$65.2m). New Risk • Jun 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor 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 (16% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩85.3b market cap, or US$67.0m). Annonce • May 26
CAELUM Co., Ltd. announced that it has received KRW 9.999999505 billion in funding from Green Tech System Co., Ltd. On May 25, 2023, CAELUM Co., Ltd. closed the transaction. Annonce • Jan 27
EWK Inc. announced that it has received KRW 14.59958751 billion in funding from Green Tech System Co., Ltd., TMC Co., Ltd., Homecast Co.,Ltd. and other investors On January 26, 2022, EWK Inc. closed the transaction. The company also announced that the transaction now included participation from Homecast Co.,Ltd. for 662,251 shares instead of Sky Blue Alliance Co., Ltd. Annonce • Apr 30
EWK Inc. announced that it has received KRW 6.81 billion in funding from Technon Partners Co., Ltd., Korea Investment & Securities Co., Ltd., NH Investment & Securities Co., Ltd., Asone Holdings Co., Ltd. On April 29, 2021, EWK Inc. (KOSDAQ:A258610) closed the transaction. Reported Earnings • Mar 17
Full year 2020 earnings released: ₩628 loss per share (vs ₩156 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩11.5b (down 44% from FY 2019). Net loss: ₩7.94b (loss widened ₩6.75b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Annonce • Feb 18
EWK Inc., Annual General Meeting, Mar 19, 2021 EWK Inc., Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 25
New 90-day low: ₩8,570 The company is down 7.0% from its price of ₩9,230 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 37% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: ₩12,100 The company is up 81% from its price of ₩6,700 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 18% over the same period. Annonce • Sep 19
EWK Inc. announced that it expects to receive KRW 10 billion in funding from Technon Partners Co., Ltd. EWK Inc. (KOSDAQ:A258610) announced a private placement of round 4 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on September 18, 2020. The transaction will include participation from Technon Partners Co., Ltd. for KRW 10,000,000,000. The bonds are issued at par and will mature on October 30, 2023. The bonds carries a fixed coupon rate of 1% and yield to maturity of 3%. The bonds are fully convertible into 843,881 common shares at a fixed conversion price of KRW 11,850 per share from October 31, 2021 to September 30, 2023. The subscription date and payment date is October 30, 2020. The transaction has been approved by the board of directors of the company. 