Board Change • Mar 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 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: Minority of independent directors. Insufficient board refreshment. Annonce • Mar 15
GW Vitek CO.,LTD., Annual General Meeting, Mar 28, 2025 GW Vitek CO.,LTD., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 244, beotkkot-ro, geumcheon-gu, seoul South Korea Annonce • Nov 27
JS Investment Fund signed a letter of intent to acquire 37.42% stake in Curable. Inc. (XKON:A086460) from GW Vitek CO.,LTD. (KOSDAQ:A036180) for KRW 8.2 billion. JS Investment Fund signed a letter of intent to acquire 37.42% stake in Curable. Inc. (XKON:A086460) from GW Vitek CO.,LTD. (KOSDAQ:A036180) for KRW 8.2 billion on November 25, 2024. A cash consideration will be paid by JS Investment Fund. As part of consideration, KRW 8.2 billion is paid towards common equity of Curable. Inc. The expected completion of the transaction is December 26, 2024. Annonce • Jul 05
GW Vitek CO.,LTD. has filed a Follow-on Equity Offering in the amount of KRW 999.9995 million. GW Vitek CO.,LTD. has filed a Follow-on Equity Offering in the amount of KRW 999.9995 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,999,999
Price\Range: KRW 500 New Risk • Jun 04
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: -₩26b 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 (-₩26b free cash flow). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩55.2b market cap, or US$40.0m). New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩62.9b market cap, or US$46.8m). Annonce • Mar 01
GW Vitek CO.,LTD. announced that it has received KRW 16.999999632 billion in funding from Baekoksaeng Korea Co., Ltd On February 29, 2024, GW Vitek CO.,LTD. closed the transaction. Baekoksaeng Korea Co., Ltd holds 22.31% in the company. New Risk • Feb 10
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 8.0% 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 Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₩44.8b market cap, or US$33.7m). New Risk • Nov 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 (51% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩47.5b market cap, or US$36.0m). Annonce • Oct 26
GW Vitek CO.,LTD. announced that it has received KRW 16.999999632 billion in funding On October 25, 2023, GW Vitek CO.,LTD. closed the transaction. New Risk • Aug 30
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: -₩7.9b 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 Risk Less than 1 year of cash runway based on free cash flow trend (-₩7.9b free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (₩49.5b market cap, or US$37.4m). New Risk • Jul 25
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 9.2% 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 (9.2% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₩49.4b market cap, or US$38.6m). Annonce • Feb 09
GW Vitek CO.,LTD. has completed a Follow-on Equity Offering in the amount of KRW 999.99998 million. GW Vitek CO.,LTD. has completed a Follow-on Equity Offering in the amount of KRW 999.99998 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,552,795
Price\Range: KRW 644 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 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: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 28
GW Vitek CO.,LTD. announced that it expects to receive KRW 5 billion in funding GW Vitek CO.,LTD. announced a private placement of series 18 non guaranteed Private convertible bonds with bearer type interest part for gross proceeds of KRW 5,000,000,000 on April 26, 2022. The transaction will include participation from The Secret Fund No. 1. The bond maturity date is May 30, 2025. The coupon interest rate is 0% and maturity interest is 5%. The bonds are fully convertible into 2,570,694 common shares at a fixed conversion price of KRW 1,945 per share from May 31, 2023 to April 30, 2025. The company expects to close the transaction on May 30, 2022. The transaction was approved by the board of directors of the company. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 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: Minority of independent directors. Insufficient board refreshment. Annonce • Jan 25
GW Vitek CO.,LTD. announced that it expects to receive KRW 15 billion in funding GW Vitek CO.,LTD. announced a private placement of 7,500,000 common shares having face value of KRW 500 per share at an issue price of KRW 2,000 per share for gross proceeds of KRW 15,000,000,000 on January 24, 2022. The company will raise funding through third party allocation. The shares issued in the transaction will have a lock in period of one year. The transaction is expected to close on February 23, 2022. The transaction has been approved by the board of the directors of the company. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ₩14.00 loss per share (vs ₩164 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: ₩10.3b (down 21% from 3Q 2020). Net loss: ₩410.9m (down 112% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ₩14.00 loss per share (vs ₩164 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: ₩10.3b (down 21% from 3Q 2020). Net loss: ₩410.9m (down 112% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. 
