공시 • Feb 27
Inswave Co., Ltd., Annual General Meeting, Mar 27, 2026 Inswave Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 372, yeouidaebang-ro, yeongdeungpo-gu, seoul South Korea Reported Earnings • Mar 26
Full year 2024 earnings released: ₩133 loss per share (vs ₩384 profit in FY 2023) Full year 2024 results: ₩133 loss per share (down from ₩384 profit in FY 2023). Revenue: ₩30.4b (down 6.7% from FY 2023). Net loss: ₩1.96b (down 142% from profit in FY 2023). 공시 • Mar 15
Inswave Systems Co., Ltd., Annual General Meeting, Mar 28, 2025 Inswave Systems Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 38, gukjegeumyung-ro, yeongdeungpo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩4,625, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 28% over the past year. 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Market cap is less than US$100m (₩66.6b market cap, or US$46.4m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩3,990, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,925, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 13x in the Software industry in South Korea. Total loss to shareholders of 47% over the past year. New Risk • Aug 05
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). Revenue has declined by 23% over the past year. High level of non-cash earnings (36% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (9.7% net profit margin). Market cap is less than US$100m (₩54.9b market cap, or US$40.3m). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩4,790, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 15x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩7,400, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 16x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩20,550, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 17x in the Software industry in South Korea. New Risk • Jun 11
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 7.7% 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 Revenue has declined by 23% over the past year. High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). Market cap is less than US$100m (₩82.5b market cap, or US$59.9m). New Risk • May 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 61% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩88.0b market cap, or US$64.4m). Buy Or Sell Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to ₩15,430. The fair value is estimated to be ₩19,549, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₩15,340. The fair value is estimated to be ₩19,852, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩25,650, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the Software industry in South Korea. Buy Or Sell Opportunity • Jan 25
Now 21% undervalued Over the last 90 days, the stock has risen 42% to ₩25,550. The fair value is estimated to be ₩32,412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jan 16
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be ₩32,916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩24,450, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 21x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩17,450, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 19x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩20,500, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 20x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩15,730, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the Software industry in South Korea. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩20,950, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 18x in the Software industry in South Korea. 공시 • Sep 26
Inswave Systems Co., Ltd. has completed an IPO in the amount of KRW 26.4 billion. Inswave Systems Co., Ltd. has completed an IPO in the amount of KRW 26.4 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,100,000
Price\Range: KRW 24000