Announcement • Mar 17
Dragonfly GF Co., Ltd, Annual General Meeting, Mar 31, 2026 Dragonfly GF Co., Ltd, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 80, seochojungang-ro 22-gil, seocho-gu, seoul South Korea Announcement • Mar 21
Dragonfly GF Co., Ltd announced that it expects to receive KRW 1 billion in funding Dragonfly GF Co., Ltd announced a private placement to issue a series 20 Unsecured Convertible Bonds due March 21, 2028, for Proceeds of KRW 1000,000,000 on March 20, 2025. The transaction will include participation from Investor HK No.2 Fund. The transaction has been approved by the board of directors, restricted to a hold period and expected to close on March 21, 2025. The bonds bear a 2% Coupon rate and are 100% convertible into 912,408 shares at a conversion price of KRW 1,096 with a conversion period between March 21, 2026, to February 21, 2028. New Risk • Mar 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩13.8b (US$9.56m) 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 (15% average weekly change). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (₩13.8b market cap, or US$9.56m). Announcement • Mar 15
Dragonfly GF Co., Ltd, Annual General Meeting, Mar 31, 2025 Dragonfly GF Co., Ltd, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 80, seochojungang-ro 22-gil, seocho-gu, seoul South Korea Announcement • Mar 12
Dragonfly GF Co., Ltd announced that it expects to receive KRW 2.5 billion in funding Dragonfly GF Co., Ltd announced a private placement to issue 2% Series 19 Unsecured Convertible Bonds With Unregistered Interest due March 17, 2028 for gross proceeds of KRW 2,500,000,000 on March 11, 2025. The transaction will include participation from new investor HK No.2 Fund. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on March 17, 2025, bears 2% coupon rate, 6% maturity rate, 100% convertible into 1,956,181 shares at a fixed conversion price of KRW 1,278 from March 17, 2026 to February 17, 2028 and matures on March 17, 2028. 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 (₩20.7b market cap, or US$14.4m). New Risk • Dec 09
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: -₩7.6b 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 (-₩7.6b free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩17.3b market cap, or US$12.0m). Board Change • Dec 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩17.3b market cap, or US$12.1m). New Risk • Dec 03
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: -₩7.6b 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 (-₩7.6b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩14.6b market cap, or US$10.4m). Board Change • Nov 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩3.29b (US$2.35m) 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 (13% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (₩3.29b market cap, or US$2.35m). New Risk • Sep 04
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 Less than 1 year of cash runway based on free cash flow trend (-₩8.1b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩31.4b market cap, or US$23.4m). Reported Earnings • Mar 20
Full year 2023 earnings released: ₩417 loss per share (vs ₩347 loss in FY 2022) Full year 2023 results: ₩417 loss per share (further deteriorated from ₩347 loss in FY 2022). Revenue: ₩16.6b (up 134% from FY 2022). Net loss: ₩27.7b (loss widened 92% from FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Dec 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 8.5% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩12b free cash flow). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₩52.5b market cap, or US$40.5m). New Risk • Aug 31
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: -₩13b 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 (-₩13b free cash flow). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩39.4b market cap, or US$29.8m). New Risk • Aug 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 9.3% 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 Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₩42.0b market cap, or US$31.3m). Announcement • Jun 10
Dragonfly GF Co., Ltd has completed a Follow-on Equity Offering in the amount of KRW 999.99984 million. Dragonfly GF Co., Ltd has completed a Follow-on Equity Offering in the amount of KRW 999.99984 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,680,672
Price\Range: KRW 595
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 22
Full year 2022 earnings released: ₩347 loss per share (vs ₩736 loss in FY 2021) Full year 2022 results: ₩347 loss per share (improved from ₩736 loss in FY 2021). Revenue: ₩7.10b (up 13% from FY 2021). Net loss: ₩14.4b (loss narrowed 6.9% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Announcement • Feb 10
Dragonfly GF Co., Ltd announced that it expects to receive KRW 7.49999993 billion in funding from Citylabs Co.,Ltd. Dragonfly GF Co., Ltd announced a private placement of 10,067,114 shares at an issue price of KRW 745 per share for a gross proceeds of KRW 7,499,999,930 on February 8, 2023. The transaction will include participation from new investor, Citylabs Co.,Ltd. for 10,067,114 shares. The company issued shares through third party allotment method. The transaction is expected to close on March 24, 2023. The transaction has been approved by the board of directors of the company. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 08
Dragonfly GF Co., Ltd has completed a Follow-on Equity Offering in the amount of KRW 15.99574 billion. Dragonfly GF Co., Ltd has completed a Follow-on Equity Offering in the amount of KRW 15.99574 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,119,665
Price\Range: KRW 1970
Discount Per Security: KRW 29.55
Transaction Features: Rights Offering Reported Earnings • Mar 19
Full year 2020 earnings released: ₩508 loss per share (vs ₩359 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩3.78b (down 38% from FY 2019). Net loss: ₩8.20b (loss widened 43% from FY 2019). Is New 90 Day High Low • Feb 24
New 90-day low: ₩2,265 The company is down 28% from its price of ₩3,140 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: ₩2,465 The company is down 7.0% from its price of ₩2,640 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: ₩4,055 The company is up 21% from its price of ₩3,365 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩2,420 The company is down 10.0% from its price of ₩2,680 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 Entertainment industry, which is up 14% over the same period.