New Risk • Apr 02
New major risk - Revenue and earnings growth Revenue has declined by 18% 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 Risk Revenue has declined by 18% over the past year. Minor Risk Market cap is less than US$100m (₩28.8b market cap, or US$19.0m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩4,040, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 76% over the past three years. 공시 • Mar 04
Innodep Inc., Annual General Meeting, Mar 20, 2026 Innodep Inc., Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 217-60, kintex-ro, ilsanseo-gu, gyeonggi-do, goyang South Korea Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: ₩51.00 (vs ₩98.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩51.00 (down from ₩98.00 in 2Q 2024). Revenue: ₩19.7b (down 24% from 2Q 2024). Net income: ₩361.3m (down 48% from 2Q 2024). Profit margin: 1.8% (down from 2.7% in 2Q 2024). Buy Or Sell Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₩6,320. The fair value is estimated to be ₩8,062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last year. Earnings per share has grown by 88%. New Risk • Mar 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. 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 Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Market cap is less than US$100m (₩51.7b market cap, or US$35.4m). 공시 • Feb 21
Innodep Inc., Annual General Meeting, Mar 21, 2025 Innodep Inc., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 62, simin-daero 109beon-gil, dongan-gu, gyeonggi-do, anyang South Korea Buy Or Sell Opportunity • Jan 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to ₩6,900. The fair value is estimated to be ₩8,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last year. Earnings per share has grown by 88%. Buy Or Sell Opportunity • Dec 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₩6,920. The fair value is estimated to be ₩8,739, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 99%. 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 (₩52.2b market cap, or US$36.3m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩7,110, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 72% over the past three years. Buy Or Sell Opportunity • Dec 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₩6,870. The fair value is estimated to be ₩8,880, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 99%. Buy Or Sell Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₩7,200. The fair value is estimated to be ₩9,141, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 99%. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (₩54.7b market cap, or US$41.4m). Buy Or Sell Opportunity • Sep 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to ₩7,370. The fair value is estimated to be ₩9,284, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 99%. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,870, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 54% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to ₩6,750. The fair value is estimated to be ₩9,344, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 99%. New Risk • Feb 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 8.4% 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: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩99.8b market cap, or US$74.8m).