View Future GrowthRAONTECH 과거 순이익 실적과거 기준 점검 0/6RAONTECH 의 수입은 연평균 -24.9%의 비율로 감소해 온 반면, Semiconductor 산업은 연평균 1.4%의 비율로 증가했습니다. 매출은 연평균 11.4%의 비율로 감소해 왔습니다.핵심 정보-24.90%순이익 성장률-17.38%주당순이익(EPS) 성장률Semiconductor 산업 성장률23.50%매출 성장률-11.40%자기자본이익률-56.62%순이익률-83.94%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Nov 11Third quarter 2024 earnings released: ₩93.00 loss per share (vs ₩43.00 loss in 3Q 2023)Third quarter 2024 results: ₩93.00 loss per share (further deteriorated from ₩43.00 loss in 3Q 2023). Revenue: ₩1.51b (down 34% from 3Q 2023). Net loss: ₩2.80b (loss widened 122% from 3Q 2023).모든 업데이트 보기Recent updatesNew Risk • May 14New major risk - Share price stabilityThe 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 18% 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 (18% average weekly change). Earnings have declined by 21% per year over the past 5 years.New Risk • Mar 04New minor risk - Share price stabilityThe 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 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).공시 • Feb 27RAONTECH Inc., Annual General Meeting, Mar 26, 2026RAONTECH Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 43, changeop-ro, sujeong-gu, gyeonggi-do, seongnam South Korea분석 기사 • Nov 30Is RAONTECH (KOSDAQ:418420) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Sep 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.9b (US$98.4m) 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 (14% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.9b market cap, or US$98.4m).공시 • Aug 27RAONTECH Inc. announced that it has received KRW 15 billion in funding from Kingo Investment Partners Co. Ltd., Kiwoom Securities Co., Ltd., NH Investment & Securities Co., Ltd., Samsung Securities Co.,Ltd., IBK Securities Co., Ltd. and another investorOn August 26, 2025,RAONTECH Inc. closed the transaction.New Risk • Jul 30New major risk - Share price stabilityThe 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 (-₩7.4b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risk Revenue is less than US$5m (₩6.9b revenue, or US$5.0m).New Risk • May 31New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: ₩6.9b (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Less than 1 year of cash runway based on free cash flow trend (-₩7.4b free cash flow). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₩6.9b revenue, or US$5.0m). Market cap is less than US$100m (₩117.3b market cap, or US$84.9m).New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.9% 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 (-₩5.8b free cash flow). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₩98.7b market cap, or US$71.9m).분석 기사 • Apr 16RAONTECH (KOSDAQ:418420) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...New Risk • Apr 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩5.8b 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 (-₩5.8b free cash flow). Earnings have declined by 19% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩74.5b market cap, or US$50.7m).공시 • Mar 01RAONTECH Inc., Annual General Meeting, Mar 31, 2025RAONTECH Inc., Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 43, changeop-ro, sujeong-gu, gyeonggi-do, seongnam South KoreaNew Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩95.9b market cap, or US$66.4m).Reported Earnings • Nov 11Third quarter 2024 earnings released: ₩93.00 loss per share (vs ₩43.00 loss in 3Q 2023)Third quarter 2024 results: ₩93.00 loss per share (further deteriorated from ₩43.00 loss in 3Q 2023). Revenue: ₩1.51b (down 34% from 3Q 2023). Net loss: ₩2.80b (loss widened 122% from 3Q 2023).분석 기사 • Jul 26Is RAONTECH (KOSDAQ:418420) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩135.5b (US$98.0m) 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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩13b). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (₩135.5b market cap, or US$98.0m).New Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.8% 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 (288% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩18b). Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.8% average weekly change).New Risk • Dec 01New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩18b This is considered a minor 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 Shareholders have been substantially diluted in the past year (288% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩18b). Less than 3 years of financial data is available.매출 및 비용 세부 내역RAONTECH가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이KOSDAQ:A418420 매출, 비용 및 순이익 (KRW Millions)날짜매출순이익일반관리비연구개발비31 Mar 268,926-7,4932,4819,46231 Dec 258,746-6,5511,9609,36330 Sep 259,695-5,7071,9769,42330 Jun 259,428-6,8821,96610,09631 Mar 256,895-8,6162,0159,97431 Dec 248,903-6,4781,9789,75130 Sep 249,843-4,9531,7638,93230 Jun 2410,626-3,4141,7808,23231 Mar 2411,322-2,1291,4787,29531 Dec 2310,744-7,0781,9626,45730 Sep 2311,210-6,1751,9665,64330 Jun 2311,651-4,4141,8054,67231 Mar 2311,702-3,8471,9094,39231 Dec 2210,9165851,4054,23531 Dec 215,786-3,2321,0912,70131 Dec 205,759-2,8997921,779양질의 수익: A418420 은(는) 현재 수익성이 없습니다.이익 마진 증가: A418420는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: A418420은 수익성이 없으며 지난 5년 동안 손실이 연평균 24.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 A418420의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: A418420은 수익성이 없어 지난 해 수익 성장률을 Semiconductor 업계(27.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: A418420는 현재 수익성이 없으므로 자본 수익률이 음수(-56.62%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSemiconductors 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/11 17:32종가2026/06/11 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스RAONTECH Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Nov 11Third quarter 2024 earnings released: ₩93.00 loss per share (vs ₩43.00 loss in 3Q 2023)Third quarter 2024 results: ₩93.00 loss per share (further deteriorated from ₩43.00 loss in 3Q 2023). Revenue: ₩1.51b (down 34% from 3Q 2023). Net loss: ₩2.80b (loss widened 122% from 3Q 2023).
New Risk • May 14New major risk - Share price stabilityThe 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 18% 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 (18% average weekly change). Earnings have declined by 21% per year over the past 5 years.
New Risk • Mar 04New minor risk - Share price stabilityThe 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 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
공시 • Feb 27RAONTECH Inc., Annual General Meeting, Mar 26, 2026RAONTECH Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 43, changeop-ro, sujeong-gu, gyeonggi-do, seongnam South Korea
분석 기사 • Nov 30Is RAONTECH (KOSDAQ:418420) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Sep 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.9b (US$98.4m) 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 (14% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.9b market cap, or US$98.4m).
공시 • Aug 27RAONTECH Inc. announced that it has received KRW 15 billion in funding from Kingo Investment Partners Co. Ltd., Kiwoom Securities Co., Ltd., NH Investment & Securities Co., Ltd., Samsung Securities Co.,Ltd., IBK Securities Co., Ltd. and another investorOn August 26, 2025,RAONTECH Inc. closed the transaction.
New Risk • Jul 30New major risk - Share price stabilityThe 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 (-₩7.4b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risk Revenue is less than US$5m (₩6.9b revenue, or US$5.0m).
New Risk • May 31New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: ₩6.9b (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Less than 1 year of cash runway based on free cash flow trend (-₩7.4b free cash flow). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₩6.9b revenue, or US$5.0m). Market cap is less than US$100m (₩117.3b market cap, or US$84.9m).
New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.9% 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 (-₩5.8b free cash flow). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₩98.7b market cap, or US$71.9m).
분석 기사 • Apr 16RAONTECH (KOSDAQ:418420) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
New Risk • Apr 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩5.8b 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 (-₩5.8b free cash flow). Earnings have declined by 19% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩74.5b market cap, or US$50.7m).
공시 • Mar 01RAONTECH Inc., Annual General Meeting, Mar 31, 2025RAONTECH Inc., Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 43, changeop-ro, sujeong-gu, gyeonggi-do, seongnam South Korea
New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩95.9b market cap, or US$66.4m).
Reported Earnings • Nov 11Third quarter 2024 earnings released: ₩93.00 loss per share (vs ₩43.00 loss in 3Q 2023)Third quarter 2024 results: ₩93.00 loss per share (further deteriorated from ₩43.00 loss in 3Q 2023). Revenue: ₩1.51b (down 34% from 3Q 2023). Net loss: ₩2.80b (loss widened 122% from 3Q 2023).
분석 기사 • Jul 26Is RAONTECH (KOSDAQ:418420) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩135.5b (US$98.0m) 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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩13b). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (₩135.5b market cap, or US$98.0m).
New Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.8% 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 (288% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩18b). Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.8% average weekly change).
New Risk • Dec 01New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩18b This is considered a minor 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 Shareholders have been substantially diluted in the past year (288% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩18b). Less than 3 years of financial data is available.