New Risk • 3h
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. 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 Risks Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Shares are highly illiquid. Negative equity (-₩1.1b). Revenue has declined by 76% over the past year. Market cap is less than US$10m (₩515.4m market cap, or US$335.5k). Announcement • Mar 15
Quantumon Co., Ltd., Annual General Meeting, Mar 31, 2025 Quantumon Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 32, gangnam-daero 112-gil, gangnam-gu, seoul South Korea 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 (24% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (₩13.3b market cap, or US$9.28m). New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩13.9b (US$9.74m) This is considered a major 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 (24% average weekly change). Negative equity (-₩43b). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (₩13.9b market cap, or US$9.74m). Announcement • Oct 22
An undisclosed buyer signed a letter of intent to acquire Enormous Construction Development from Quantumon Co., Ltd. (KOSDAQ:A227100) for KRW 2.5 billion. An undisclosed buyer signed a letter of intent to acquire Enormous Construction Development from Quantumon Co., Ltd. (KOSDAQ:A227100) for KRW 2.5 billion on October 21, 2024. A cash consideration of KRW 2.5 billion will be paid by the buyer. As part of consideration, KRW 2.5 billion is paid towards common equity of Enormous Construction Development. The expected completion of the transaction is December 20, 2024. New Risk • Oct 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% 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 (27% average weekly change). Negative equity (-₩35b). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩25.0b market cap, or US$18.7m). New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₩35b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-₩35b). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₩7.90b market cap, or US$5.92m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Aug 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩11.3b (US$8.43m) This is considered a major 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 35% per year over the past 5 years. Market cap is less than US$10m (₩11.3b market cap, or US$8.43m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Jun 13
Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. completed the acquisition of 6.66% stake in H&B Design Co.,Ltd. (KOSDAQ:A227100) from Salutaris 1 Fund. Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. agreed to acquire 6.66% stake in H&B Design Co.,Ltd. (KOSDAQ:A227100) from Salutaris 1 Fund for KRW 12 billion on July 29, 2022. Under the terms of the transaction, Media Pop Co., Ltd. will acquire 543,230 shares and Yuun Holdings Co. will acquire 174,646 shares in H&B Design Co.,Ltd. for KRW 16,716 per share. Upon completion, Salutaris 1 Fund will own 2.5% stake in H&B Design Co.,Ltd. Second transfer fee of total KRW 2 billion to be paid on October 31, 2023. The transaction is expected to close on December 31, 2022. The transaction is expected to complete on January 31, 2024. The transaction is now expected to complete on February 29, 2024. Transaction is expected to Complete on June 8, 2024. Media Pop Co., Ltd. and Yuun Holdings Co., Ltd. completed the acquisition of 6.66% stake in H&B Design Co.,Ltd. (KOSDAQ:A227100) from Salutaris 1 Fund on June 11, 2024. New Risk • Jun 04
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: -₩23b 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 (-₩23b free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (₩19.9b market cap, or US$14.4m). Reported Earnings • Mar 30
Full year 2023 earnings released: ₩2,549 loss per share (vs ₩572 loss in FY 2022) Full year 2023 results: ₩2,549 loss per share (further deteriorated from ₩572 loss in FY 2022). Revenue: ₩182.3b (up ₩179.1b from FY 2022). Net loss: ₩32.0b (loss widened 414% from FY 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Mar 22
H&B Design Co., Ltd. announced that it has received KRW 5.88 billion in funding H&B Design Co., Ltd. announced a private placement to issue Series 10 Bearer-Type Interest-Bearing Private Placement Convertible Bonds for the gross proceeds of KRW 5,880,000,000 on March 20, 2024. The bonds will have interest rate to maturity of 3% and will be matured on a maturity date of March 20, 2027. The bonds will be convertible into common shares at a conversion price of KRW 1,262. 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 15% 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 (-₩16b free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 40% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₩21.9b market cap, or US$16.2m). New Risk • Aug 26
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: -₩16b 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 (-₩16b free cash flow). Earnings have declined by 40% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₩39.3b market cap, or US$29.7m). Announcement • Jun 15
H&B Design Co.,Ltd. announced that it has received KRW 10 billion in funding from Salutaris Investment Union 1 On June 13, 2022, H&B Design Co.,Ltd. closed the transaction. Reported Earnings • Apr 03
Full year 2021 earnings released: ₩4,582 loss per share (vs ₩5,033 loss in FY 2020) Full year 2021 results: ₩4,582 loss per share. Revenue: ₩13.2b (down 48% from FY 2020). Net loss: ₩19.1b (loss widened 27% from FY 2020). Reported Earnings • Nov 11
Third quarter 2021 earnings released: ₩384 loss per share (vs ₩324 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₩6.41b (down 20% from 3Q 2020). Net loss: ₩1.79b (loss widened 71% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Design Co., Ltd. announced that it has received KRW 10 billion in funding from Haveruta Advisory Group Co., Ltd, and other investors On August 13, 2021, Design Co., Ltd closed the transaction. Announcement • Jun 23
Design Co., Ltd. announced that it has received KRW 3.999994418 billion in funding On June 22, 2021, Design Co., Ltd. (KOSDAQ:A227100) closed the transaction. Announcement • Jun 19
Design Co., Ltd. announced that it expects to receive KRW 10 billion in funding Design Co., Ltd. (KOSDAQ:A227100) announced a private placement of round 5th bearer type private equity convertible bond for gross proceeds of KRW 10,000,000,000 on June 18, 2021. The transaction will include participation from Jeong-ok Lee for KRW 4,000,000,000, Yoon-seok Chun for KRW 1,500,000,000, Jong Kyu Kim for KRW 1,500,000,000 and Haveruta Advisory Group Co., Ltd. for KRW 3,000,000,000. The company will issue bonds at par. The bonds will carry 0% coupon rate, 4% yield to maturity rate, will mature on December 14, 2026 and will be 100% convertible into 614,099 common shares of the company at a fixed conversion price of KRW 16,284 per share from December 14, 2022 to November 14, 2026. The payment date is December 14, 2021. The transaction carry a hold period of one year. The transaction has been approved by the board of directors of the company. Announcement • Jun 10
Design Co., Ltd. announced that it expects to receive KRW 3.999994418 billion in funding Design Co., Ltd. (KOSDAQ:A227100) announced a private placement of 349,711 common shares of par value of KRW 500 per share at a price of KRW 11,438 per share for gross proceeds of KRW 3,999,994,418 on June 9, 2021. The transaction will include participation from Salutaris No.1 Fund. The company will issue the securities through party allocation increase. The securities in the transaction are subject to a hold period of one year. The payment date of the transaction on June 22, 2021. The transaction was approved by the board of directors of the company. Is New 90 Day High Low • Feb 10
New 90-day high: ₩10,350 The company is up 51% from its price of ₩6,860 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 47% over the same period. Is New 90 Day High Low • Jan 17
New 90-day high: ₩7,230 The company is up 1.0% from its price of ₩7,180 on 19 October 2020. The South Korean market is up 30% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: ₩5,840 The company is down 30% from its price of ₩8,360 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ₩6,540 The company is down 50% from its price of ₩13,150 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is flat over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₩6,550 The company is down 55% from its price of ₩14,600 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: ₩7,780 The company is down 38% from its price of ₩12,500 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩7,800 The company is down 6.0% from its price of ₩8,320 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 25% over the same period. 