New Risk • May 21
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: -₩71b 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 (-₩71b free cash flow). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (₩3.9b revenue, or US$2.6m). 공시 • Mar 26
INNOSPACE Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 82.46 billion. INNOSPACE Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 82.46 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: KRW 11780
Discount Per Security: KRW 176.7
Transaction Features: Rights Offering New Risk • Mar 20
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: -₩74b 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 (-₩74b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risk Revenue is less than US$5m (₩2.7b revenue, or US$1.8m). 공시 • Feb 24
INNOSPACE Co., Ltd., Annual General Meeting, Mar 26, 2026 INNOSPACE Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 232, gareum-ro, sejong South Korea New Risk • Jan 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% 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 (18% average weekly change). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risk Revenue is less than US$5m (₩1.8b revenue, or US$1.2m). New Risk • Nov 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩127.6b (US$88.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (₩707m revenue, or US$488k). Minor Risk Market cap is less than US$100m (₩127.6b market cap, or US$88.2m). New Risk • Oct 23
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 10% 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 (10% average weekly change). Revenue is less than US$1m (₩707m revenue, or US$491k). 공시 • Aug 20
INNOSPACE Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 47.085 billion. INNOSPACE Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 47.085 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,300,000
Price\Range: KRW 10950
Discount Per Security: KRW 197.1
Transaction Features: Rights Offering New Risk • Aug 19
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 8.9% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩78b free cash flow). Revenue is less than US$1m (₩707m revenue, or US$509k). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₩111.9b market cap, or US$80.5m). New Risk • Jun 02
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: -₩56b 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 (-₩56b free cash flow). Revenue is less than US$1m (₩255m revenue, or US$185k). 공시 • Mar 27
INNOSPACE Co., Ltd. announced that it has received KRW 30.5999015 billion in funding from Hana Securities Co., Ltd., NH Investment & Securities Co., Ltd. On March 26, 2025, INNOSPACE Co., Ltd. closed the transaction. Reported Earnings • Mar 21
Full year 2024 earnings released: ₩3,824 loss per share (vs ₩27,310 loss in FY 2023) Full year 2024 results: ₩3,824 loss per share (improved from ₩27,310 loss in FY 2023). Net loss: ₩33.3b (loss narrowed 60% from FY 2023). 공시 • Feb 12
INNOSPACE Co., Ltd., Annual General Meeting, Mar 26, 2025 INNOSPACE Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 232, gareum-ro, sejong South Korea New Risk • Nov 26
New major risk - Revenue and earnings growth Revenue has declined by 17% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 17% over the past year. Revenue is less than US$1m (₩161m revenue, or US$115k). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jul 22
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 Risks No financial data reported. Shares are highly illiquid.