New Risk • Apr 14
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 Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩96.4b market cap, or US$65.2m). Tillkännagivande • Mar 06
Alchera Inc., Annual General Meeting, Mar 26, 2026 Alchera Inc., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: seminar room, 22, daewangpangyo-ro 712beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Jun 16
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 14% 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 (14% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩98.3b market cap, or US$72.3m). Tillkännagivande • Apr 21
Alchera Inc. announced that it has received KRW 6 billion in funding On April 21, 2025. Alchera Inc. has closed the transaction. Tillkännagivande • Apr 18
Alchera Inc. announced that it expects to receive KRW 6 billion in funding Alchera Inc. announced a private placement that it will issue Series 3 Unsecured Private Placement Convertible Bonds for the gross proceeds of up to KRW 6,000,000,000 on April 17, 2025. The bonds will be 100% convertible into 3,660,768 common shares at a conversion price of 1,639 in a conversion period starting from April 21, 2026 and ending on March 21, 2028. The bonds have an interest rate of 6% and will mature on April 21, 2028. The transaction is expected to close on April 21, 2025 and the transaction has been approved by the board of directors of the company. New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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 Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% 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 (₩49.3b market cap, or US$33.4m). Reported Earnings • Mar 21
Full year 2024 earnings released: ₩447 loss per share (vs ₩1,244 loss in FY 2023) Full year 2024 results: ₩447 loss per share (improved from ₩1,244 loss in FY 2023). Revenue: ₩17.3b (up 49% from FY 2023). Net loss: ₩9.87b (loss narrowed 63% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Mar 08
Alchera Inc., Annual General Meeting, Mar 26, 2025 Alchera Inc., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: seminar room, 22, daewangpangyo-ro 712beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Feb 17
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 13% 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 (13% average weekly change). Negative equity (-₩1.5b). Earnings have declined by 29% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩34.2b market cap, or US$23.7m). Tillkännagivande • Feb 06
Alchera Inc. has completed a Follow-on Equity Offering in the amount of KRW 14.535502 billion. Alchera Inc. has completed a Follow-on Equity Offering in the amount of KRW 14.535502 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 13,976,444
Price\Range: KRW 1040
Discount Per Security: KRW 31.2
Transaction Features: Rights Offering Tillkännagivande • Nov 16
Alchera Inc. announced that it expects to receive KRW 1.99999916 billion in funding Alchera Inc. announced a private placement of 1,133,144 common shares at a price of KRW 1,765 for gross proceeds of KRW 1,999,999,160 on November 14, 2024. The transaction includes participation from individual investor, Young-gyu Hwang. The transaction has been approved by the board of directors of the company. The payment date of the transaction is November 29, 2024. The securities are subject to Exclusive sale restriction of 1 year of custody. New Risk • Sep 17
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 Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (₩53.0b market cap, or US$40.3m). New Risk • Aug 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: -₩17b 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 (-₩17b free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (₩55.6b market cap, or US$41.7m). New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (₩47.1b market cap, or US$34.2m). New Risk • Jun 12
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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩76.3b market cap, or US$55.5m). Reported Earnings • Mar 30
Full year 2023 earnings released: ₩1,243 loss per share (vs ₩800 loss in FY 2022) Full year 2023 results: ₩1,243 loss per share (further deteriorated from ₩800 loss in FY 2022). Revenue: ₩11.6b (up 4.3% from FY 2022). Net loss: ₩26.8b (loss widened 92% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 47% per year. Tillkännagivande • Feb 21
Alchera Inc. has withdrawn its Follow-on Equity Offering in the amount of KRW 57.015 billion. Alchera Inc. has withdrawn its Follow-on Equity Offering in the amount of KRW 57.015 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,300,000
Price\Range: KRW 9050
Discount Per Security: KRW 117.65
Transaction Features: Rights Offering Reported Earnings • Nov 11
Third quarter 2023 earnings released: ₩360 loss per share (vs ₩656 loss in 3Q 2022) Third quarter 2023 results: ₩360 loss per share (improved from ₩656 loss in 3Q 2022). Revenue: ₩1.13b (flat on 3Q 2022). Net loss: ₩7.75b (loss narrowed 30% from 3Q 2022). New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings have declined by 47% 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 (15% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Jul 18
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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Dec 03
Third quarter 2022 earnings released: ₩788 loss per share (vs ₩209 loss in 3Q 2021) Third quarter 2022 results: ₩788 loss per share (further deteriorated from ₩209 loss in 3Q 2021). Revenue: ₩1.13b (down 28% from 3Q 2021). Net loss: ₩11.0b (loss widened 287% from 3Q 2021). Tillkännagivande • Nov 03
Alchera Inc. has completed a Follow-on Equity Offering in the amount of KRW 30.4 billion. Alchera Inc. has completed a Follow-on Equity Offering in the amount of KRW 30.4 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: KRW 7600
Discount Per Security: KRW 83.6
Transaction Features: Rights Offering Reported Earnings • May 29
First quarter 2022 earnings released: ₩199 loss per share (vs ₩200 loss in 1Q 2021) First quarter 2022 results: ₩199 loss per share. Revenue: ₩1.80b (up 167% from 1Q 2021). Net loss: ₩2.74b (loss widened 2.1% from 1Q 2021). Tillkännagivande • Dec 23
Alchera Inc. has completed an IPO in the amount of KRW 20 billion. Alchera Inc. has completed an IPO in the amount of KRW 20 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: KRW 10000
Discount Per Security: KRW 450
Transaction Features: ESOP Related Offering