Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
KRW | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 42,958 | 41,092 | 35,183 | 33,661 | 37,172 | | 37,172 | | 33,661 | 37,172 |
% Growth | NA | -4.3% | -14.4% | -4.3% | 10.4% | | | | | 10.4% |
| | | | | | | | | | |
Cost of Revenue | (36,763) | (36,064) | (33,146) | (29,292) | (31,566) | | (31,566) | | (29,292) | (31,566) |
Gross Profit | 6,195 | 5,028 | 2,037 | 4,369 | 5,606 | | 5,606 | | 4,369 | 5,606 |
% Revenue | 14.4% | 12.2% | 5.8% | 13.0% | 15.1% | | 15.1% | | 13.0% | 15.1% |
| | | | | | | | | | |
Research and Development | (1,857) | (1,137) | (2,128) | (1,915) | (1,402) | | (1,402) | | (1,915) | (1,402) |
Selling and Marketing | (369) | (345) | (303) | (345) | (489) | | (489) | | (345) | (489) |
General and Admin | (2,965) | (2,655) | (2,778) | (2,776) | (3,159) | | (3,159) | | (2,776) | (3,159) |
Other Inc / (Exp) | (924) | (2,738) | (238) | (8) | 281 | | 281 | | (8) | 281 |
Total Operating Exp | (6,115) | (6,876) | (5,447) | (5,045) | (4,768) | | (4,768) | | (5,045) | (4,768) |
| | | | | | | | | | |
Operating Income | 80 | (1,849) | (3,410) | (676) | 838 | | 838 | | (676) | 838 |
% Revenue | 0.2% | -4.5% | -9.7% | -2.0% | 2.3% | | 2.3% | | -2.0% | 2.3% |
| | | | | | | | | | |
Interest Expense | 95 | (141) | (108) | 37 | 294 | | 294 | | 37 | 294 |
Pre-tax Income | 176 | (1,989) | (3,518) | (638) | 1,131 | | 1,131 | | (638) | 1,131 |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | 3 | (395) | 37 | (43) | (35) | | (35) | | (43) | (35) |
Net Income to Company | 179 | (2,384) | (3,480) | (682) | 1,097 | | 1,097 | | (682) | 1,097 |
% Margin | 0.4% | -5.8% | -9.9% | -2.0% | 3.0% | | 3.0% | | -2.0% | 3.0% |
| | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Net Income to Stockholders | 179 | (2,384) | (3,480) | (682) | 1,097 | | 1,097 | | (682) | 1,097 |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
Net Income to Common | 179 | (2,384) | (3,480) | (682) | 1,097 | | 1,097 | | (682) | 1,097 |
% Margin | 0.4% | -5.8% | -9.9% | -2.0% | 3.0% | | 3.0% | | -2.0% | 3.0% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | 9.48 | (122.81) | (179.29) | (35.00) | 56.00 | | 56.00 | | (35.00) | 56.00 |
Diluted EPS (Continuing Ops) | 9.48 | (122.81) | (179.29) | (35.00) | 56.00 | | 56.00 | | (35.00) | 56.00 |
| | | | | | | | | | |
WA Basic Shares Out. | 18.84 | 19.41 | 19.41 | 19.47 | 19.58 | | 19.58 | | 19.47 | 19.58 |
WA Diluted Shares Out. | 18.84 | 19.41 | 19.41 | 19.47 | 19.58 | | 19.58 | | 19.47 | 19.58 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | 176 | (1,989) | (3,518) | (638) | 1,131 | | 1,131 | | (638) | 1,131 |
Addback: Net Interest Expense | (95) | 141 | 108 | (37) | (294) | | (294) | | (37) | (294) |
Addback: Other Non Operating Expenses, Total | 283 | 608 | (804) | (54) | 6 | | 6 | | (54) | 6 |
Addback: Depreciation & Amortization | 1,005 | 1,023 | 1,293 | 1,253 | 942 | | 942 | | 1,253 | 942 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Assets | (10) | (3) | (20) | 17 | (1,408) | | (1,408) | | 17 | (1,408) |
Addback: Asset Writedown | 7 | 1,468 | 96 | (30) | 470 | | 470 | | (30) | 470 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | (838) | (108) | | (108) | | (838) | (108) |
Adjusted EBITDA | 1,367 | 1,248 | (2,844) | (328) | 739 | | 739 | | (328) | 739 |
% Margin | 3.2% | 3.0% | -8.1% | -1.0% | 2.0% | | 2.0% | | -1.0% | 2.0% |
| | | | | | | | | | |
Adjusted EBIT | 361 | 225 | (4,137) | (1,580) | (203) | | (203) | | (1,580) | (203) |
% Margin | 0.8% | 0.5% | -11.8% | -4.7% | -0.5% | | -0.5% | | -4.7% | -0.5% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | 179 | (2,384) | (3,480) | (682) | 1,097 | | 1,097 | | (682) | 1,097 |
Addback: Unusual Items | (3) | 1,465 | 76 | (851) | (1,046) | | (1,046) | | (851) | (1,046) |
Less: Tax Benefit of Unusual Items (26%) | 1 | (381) | (20) | 221 | 272 | | 272 | | 221 | 272 |
Adjusted Net Income | 177 | (1,300) | (3,424) | (1,311) | 323 | | 323 | | (1,311) | 323 |
% Margin | 0.4% | -3.2% | -9.7% | -3.9% | 0.9% | | 0.9% | | -3.9% | 0.9% |