New Risk • Jun 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.5b (US$9.62m) 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 (18% average weekly change). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (₩14.5b market cap, or US$9.62m). New Risk • May 09
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 16% 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 (16% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩22.0b market cap, or US$15.0m). New Risk • Mar 25
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 14% 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 (-₩19b free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (₩23.7b market cap, or US$15.8m). Announcement • Mar 13
NextEye Co., Ltd., Annual General Meeting, Mar 30, 2026 NextEye Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 65, dongpyeon-ro 13beon-gil, dongan-gu, gyeonggi-do, anyang South Korea New Risk • Nov 24
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: -₩19b 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 (-₩19b free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩26.2b market cap, or US$17.8m). Announcement • Mar 12
NextEye Co., Ltd., Annual General Meeting, Mar 31, 2025 NextEye Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 65, dongpyeon-ro 13beon-gil, dongan-gu, gyeonggi-do, anyang South Korea Announcement • Feb 27
NextEye Co., Ltd. announced that it has received KRW 2.741672 billion in funding On February 26, 2025, NextEye Co., Ltd. closed the transaction, 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: 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 (₩26.8b market cap, or US$18.8m). Reported Earnings • Mar 26
Full year 2023 earnings released: ₩215 loss per share (vs ₩62.00 loss in FY 2022) Full year 2023 results: ₩215 loss per share (further deteriorated from ₩62.00 loss in FY 2022). Revenue: ₩17.7b (down 45% from FY 2022). Net loss: ₩16.5b (loss widened 244% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Mar 15
Ample Ocean Limited completed the acquisition of 23.46% stake in NextEye Co., Ltd. (KOSDAQ:A137940) from Aesthetic International Beauty Chain Group Limited. Ample Ocean Limited agreed to acquire 23.46% stake in NextEye Co., Ltd. (KOSDAQ:A137940) from Aesthetic International Beauty Chain Group Limited for KRW 8.85 billion on July 24, 2023. Ample Ocean Limited will acquire 18.72 million shares in NextEye for KRW 482 per share. Down payment KRW 380 million paid on the day of signing the sales contract. The expected closing date of the transaction is November 17, 2023. The expected closing date of the transaction is April 2, 2024.
Ample Ocean Limited completed the acquisition of 23.46% stake in NextEye Co., Ltd. (KOSDAQ:A137940) from Aesthetic International Beauty Chain Group Limited on March 13, 2024. The transaction is financed from the treasury fund of Ample Ocean. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 0.9% 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 (18% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩54.7b market cap, or US$42.3m). New Risk • Nov 02
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 9.8% 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 (9.8% average weekly change). Market cap is less than US$100m (₩45.0b market cap, or US$33.7m). Reported Earnings • Apr 08
Full year 2022 earnings released: ₩62.00 loss per share (vs ₩242 loss in FY 2021) Full year 2022 results: ₩62.00 loss per share (improved from ₩242 loss in FY 2021). Revenue: ₩32.2b (up 12% from FY 2021). Net loss: ₩4.78b (loss narrowed 74% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Jan 12
NextEye Co., Ltd. announced that it expects to receive KRW 10 billion in funding NextEye Co., Ltd. announced a private placement of series 6 bearer type private equity convertible bond for an aggregate gross proceeds of KRW 10,000,000,000 on January 11, 2022. The transaction includes participation from Sangsangin Plus Savings Bank, Investment Arm. The bonds carry no coupon. The bonds will mature on February 25, 2024. The bonds are fully convertible into 7,137,758 common shares of the company at a conversion price of KRW 1.401 per share. The conversion period starts from February 25, 2023 and ends on January 25, 2024. The bonds are redeemable. The subscription date is January 11, 2022. The transaction is expected to close on February 25, 2022. The transaction has been approved by the board of directors of the company. Upcoming Dividend • Dec 22
Inaugural dividend of ₩17.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 19 April 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in November 2019. The average dividend yield among industry peers is 0.4%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩1,215, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 54% 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 22% share price gain to ₩1,735, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,270, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₩1,600, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₩1,955, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 21x in the Electronic industry in South Korea. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 22% share price gain to ₩1,740, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 24x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past three years. Is New 90 Day High Low • Feb 23
New 90-day low: ₩1,390 The company is down 25% from its price of ₩1,855 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: ₩1,450 The company is down 20% from its price of ₩1,815 on 30 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 56% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: ₩1,455 The company is down 4.0% from its price of ₩1,520 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 Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: ₩2,000 The company is up 29% from its price of ₩1,545 on 14 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ₩1,885 The company is up 51% from its price of ₩1,250 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Announcement • Oct 01
NextEye Co., Ltd. announced that it expects to receive KRW 15 billion in funding from JTJ Partners Co., Ltd. NextEye Co., Ltd. (KOSDAQ:A137940) announced a private placement of 4th privately held convertible bonds with interest for gross proceeds of KRW 15,000,000,000 on August 25, 2020. The transaction includes participation from new investor, JTJ Partners Co., Ltd. The bonds carry coupon rate of 1% per annum and yield to maturity of 3.5%. The bonds have maturity date of October 6, 2023. The bonds are convertible into 10,135,135 common shares of the company at a fixed conversion price of KRW 1,480 per share for a period from October 7, 2021 to September 6, 2023. The bonds are redeemable in nature. The transaction was approved by the board of directors of the company. The subscription date is August 25, 2020, and payment date is October 6, 2020. Announcement • Aug 27
East Bridge Private Equity Co., Ltd. signed the contract to acquire 36.5% stake in Innometry Co., Ltd. (KOSDAQ:A302430) from NextEye Co., Ltd. (KOSDAQ:A137940) and Joonbo Kim for KRW 63.4 billion. East Bridge Private Equity Co., Ltd. signed the contract to acquire 36.5% stake in Innometry Co., Ltd. (KOSDAQ:A302430) from NextEye Co., Ltd. (KOSDAQ:A137940) for KRW 63.4 billion on August 25, 2020. As per the transaction, East Bridge Private Equity Co., Ltd. will acquire 3.52 million shares. Post completion, NextEye Co., Ltd. and Joonbo Kim will hold 0.39 million and 0.98 million shares representing 4.1%. The Board of Directors has passed the resolution for the transaction. Completion is scheduled to take place on October 15, 2020.