Reported Earnings • Mar 25
Full year 2025 earnings released: ₩431 loss per share (vs ₩837 loss in FY 2024) Full year 2025 results: ₩431 loss per share (improved from ₩837 loss in FY 2024). Revenue: ₩9.03b (down 19% from FY 2024). Net loss: ₩14.1b (loss narrowed 46% from FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Mar 03
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 11% 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 23% over the past year. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩143.9b market cap, or US$97.3m). Announcement • Feb 20
Korea Robot Manufacturing Co.,Ltd., Annual General Meeting, Mar 31, 2026 Korea Robot Manufacturing Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 17, hakdong-ro 43-gil, gangnam-gu, seoul South Korea New Risk • Sep 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.2b (US$98.4m) This is considered a minor 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 Risk Revenue has declined by 18% over the past year. Minor Risk Market cap is less than US$100m (₩137.2b market cap, or US$98.4m). New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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. This is currently the only risk that has been identified for the company. New Risk • Apr 01
New major risk - Revenue and earnings growth Revenue has declined by 9.8% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue has declined by 9.8% over the past year. Minor Risk Market cap is less than US$100m (₩119.2b market cap, or US$81.2m). Announcement • Mar 18
Korea Robot Manufacturing Co.,Ltd., Annual General Meeting, Mar 31, 2025 Korea Robot Manufacturing Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 17, hakdong-ro 43-gil, gangnam-gu, seoul South Korea New Risk • Feb 10
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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩110.2b market cap, or US$76.0m). New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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 September 2013 fiscal period end). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (₩130.5b market cap, or US$91.7m). New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩127.1b (US$92.0m) This is considered a minor 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 Risk Revenue has declined by 5.6% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (₩127.1b market cap, or US$92.0m). New Risk • Sep 30
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 Revenue has declined by 5.6% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% 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 7.6% over the past year. Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). New Risk • Jan 17
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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 September 2013 fiscal period end). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Announcement • Jun 20
Korea Robot Manufacturing Co.,Ltd. announced that it has received KRW 20.0799968 billion in funding from Ghost Robotics Technology Co., Ltd. On June 19, 2023, Korea Robot Manufacturing Co.,Ltd. closed the transaction. The comapny issued series 4 convertible bonds in its second and final tranche. Announcement • Feb 01
Tamul Multimedia Co., Ltd announced that it expects to receive KRW 20.0799968 billion in funding from Ghost Robotics Technology Co., Ltd. Tamul Multimedia Co., Ltd announced a private placement of Series 4 unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 80,000,000 and 4,065,040 common shares at an issue price of KRW 4,920 for a gross proceeds of KRW 19,999,996,800 on January 30, 2023. The transaction will include participation of KRW 80,000,000 from Ghost Robotics Technology for convertible bonds and 4,065,040 common shares. The transaction has been approved by the board of directors. The bonds carry zero interest rate and 1% maturity rate. The bonds will mature on April 28, 2026 and are 100% convertible into 14,062,225 shares at a price of KRW 5,689 per share. The conversion will start from April 28, 2024 to March 27, 2026. The payment date for bonds is April 28, 2023 and for common stock is March 27, 2023. The bonds are issued at par value and are subject to a hold period of one year from issuance. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,520, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 32% share price gain to ₩5,900, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₩4,720, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 7.1% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 18% share price gain to ₩4,250, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 21x in the Semiconductor industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 43% share price gain to ₩4,670, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,955, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past three years. Is New 90 Day High Low • Jan 26
New 90-day high: ₩3,800 The company is up 22% from its price of ₩3,110 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 55% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩3,500 The company is up 22% from its price of ₩2,870 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 27% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: ₩3,230 The company is up 4.0% from its price of ₩3,100 on 17 July 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 7.0% over the same period. 