New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 2.4% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩60.4b market cap, or US$40.1m). Aankondiging • Mar 14
Blitzway Entertainment Co., Ltd., Annual General Meeting, Mar 27, 2026 Blitzway Entertainment Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, gangnam-daero 126-gil, gangnam-gu, seoul South Korea New Risk • Mar 05
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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-₩6.7b free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩38.1b market cap, or US$25.8m). New Risk • Nov 29
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: -₩6.7b 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 (-₩6.7b free cash flow). Minor Risk Market cap is less than US$100m (₩67.3b market cap, or US$45.8m). New Risk • Jun 04
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 9.4% 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 (9.4% average weekly change). Market cap is less than US$100m (₩74.0b market cap, or US$54.3m). Aankondiging • Mar 14
Blitzway Studios Co.,LTD., Annual General Meeting, Mar 28, 2025 Blitzway Studios Co.,LTD., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 200, yeongsin-ro, yeongdeungpo-gu, seoul South Korea New Risk • Mar 28
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: -₩7.7b 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 (-₩7.7b free cash flow). Revenue has declined by 55% over the past year. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩111.8b market cap, or US$82.9m). New Risk • Mar 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Revenue has declined by 59% over the past year. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩111.6b market cap, or US$83.6m). New Risk • Nov 23
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 10% 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 Revenue has declined by 59% over the past year. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩110.9b market cap, or US$85.4m). New Risk • Sep 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: -₩6.0b 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 (-₩6.0b free cash flow). Revenue has declined by 59% over the past year. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩75.1b market cap, or US$56.9m). Aankondiging • Jul 09
Blitzway Co.,LTD. announced that it expects to receive KRW 3.0050011 billion in funding Blitzway Co.,LTD. announced a private placement of 1,149,140 common shares at the price of KRW 2,615 per common share for gross proceeds of KRW 3,005,001,100 on July 7, 2022. The transaction will include participation from associated company executives, including Kang In-ae for 171,702 shares, Boo Chang-jo for 354,876 shares, Choi Rim for 354,876 shares, Kim Ji-woo for 114,722 shares, also included individual investors Hong Min-ki for 76,482 shares and Woo Do-hwan for 76,482 shares through third party allocation method. The shares will be locked up for a period of one year. The payment date for the transaction is July 15, 2022. The transaction has been approved by the board of directors of the company. Aankondiging • May 20
Blitzway Co.,LTD. (KOSDAQ:A369370) agreed to acquire Sticky Monster Lab Co., Ltd. from Kang In-ae, Choi Rim and Vice-Creation for approximately KRW 2,000 million. Blitzway Co.,LTD. (KOSDAQ:A369370) agreed to acquire Sticky Monster Lab Co., Ltd. from Kang In-ae, Choi Rim and Vice-Creation for approximately KRW 2,000 million on May 18, 2022. Sticky Monster Lab reported the Total assets of KRW 1,256 million, Total Debt of KRW 100 million, Total equity of KRW 1,156 million and Net Income of KRW -21 million for the financial year 2021.
Blitzway Co.,LTD. (KOSDAQ:A369370) completed the acquisition of Sticky Monster Lab Co., Ltd. from Kang In-ae, Choi Rim and Vice-Creation for approximately KRW 2,000 million on May 18, 2022. 