Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
KRW | Fiscal Year Ending | | Latest |
(in millions) | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM |
| | | | | | | | | | | | |
Revenue | 20,272 | 20,267 | 18,892 | 15,013 | 15,950 | 9,403 | 21,080 | 21,797 | 9,917 | 25,295 | | 25,295 |
% Growth | NA | 0.0% | -6.8% | -20.5% | 6.2% | -41.0% | 124.2% | 3.4% | -54.5% | 155.1% | | |
| | | | | | | | | | | | |
Cost of Revenue | (4,212) | (4,086) | (4,306) | (2,886) | (4,129) | (6,599) | (14,390) | (15,987) | (6,685) | (21,582) | | (21,582) |
Gross Profit | 16,059 | 16,181 | 14,586 | 12,127 | 11,822 | 2,805 | 6,690 | 5,810 | 3,232 | 3,713 | | 3,713 |
% Revenue | 79.2% | 79.8% | 77.2% | 80.8% | 74.1% | 29.8% | 31.7% | 26.7% | 32.6% | 14.7% | | 14.7% |
| | | | | | | | | | | | |
Research and Development | 0 | (483) | (719) | (272) | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Selling and Marketing | (12,176) | (13,556) | (14,156) | (15,001) | (6,337) | (372) | (800) | (1,177) | (1,652) | (1,035) | | (1,035) |
General and Admin | (4,059) | (6,088) | (8,534) | (7,042) | (1,854) | (1,008) | (3,066) | (4,627) | (8,255) | (10,027) | | (10,027) |
Other Inc / (Exp) | (8,948) | (3,327) | (2,403) | (2,083) | (1,275) | (13,030) | 7,221 | (19,133) | 339 | 5,210 | | 5,210 |
Total Operating Exp | (25,184) | (23,454) | (25,813) | (24,398) | (9,466) | (14,410) | 3,356 | (24,938) | (9,568) | (5,852) | | (5,852) |
| | | | | | | | | | | | |
Operating Income | (9,125) | (7,273) | (11,226) | (12,271) | 2,356 | (11,605) | 10,046 | (19,128) | (6,336) | (2,138) | | (2,138) |
% Revenue | -45.0% | -35.9% | -59.4% | -81.7% | 14.8% | -123.4% | 47.7% | -87.8% | -63.9% | -8.5% | | -8.5% |
| | | | | | | | | | | | |
Interest Expense | 143 | 226 | 49 | (1,141) | (526) | (1,276) | (2,558) | (2,879) | (2,923) | (776) | | (776) |
Pre-tax Income | (8,981) | (7,047) | (11,177) | (13,412) | 1,830 | (12,881) | 7,487 | (22,007) | (9,260) | (2,914) | | (2,914) |
Earnings of Discontinued Ops. | 0 | 0 | 0 | (1,133) | (3) | 7 | 1,128 | 61 | 0 | 0 | | 0 |
Provision for Taxes | 397 | 323 | (1,066) | 223 | 47 | (24) | 17 | 88 | 1,340 | (679) | | (679) |
Net Income to Company | (8,584) | (6,724) | (12,243) | (14,322) | 1,874 | (12,899) | 8,632 | (21,859) | (7,920) | (3,593) | | (3,593) |
% Margin | -42.3% | -33.2% | -64.8% | -95.4% | 11.8% | -137.2% | 40.9% | -100.3% | -79.9% | -14.2% | | -14.2% |
| | | | | | | | | | | | |
Minority Interest in Earnings | 236 | 85 | 43 | 5 | 4 | 1 | 5 | 2 | 38 | 183 | | 183 |
Net Income to Stockholders | (8,348) | (6,639) | (12,200) | (14,317) | 1,878 | (12,898) | 8,637 | (21,856) | (7,882) | (3,410) | | (3,410) |
| | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | 0 | 0 | 0 | 1,133 | 3 | (7) | (1,128) | (61) | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | (8,348) | (6,639) | (12,200) | (13,184) | 1,881 | (12,904) | 7,509 | (21,917) | (7,882) | (3,410) | | (3,410) |
% Margin | -41.2% | -32.8% | -64.6% | -87.8% | 11.8% | -137.2% | 35.6% | -100.6% | -79.5% | -13.5% | | -13.5% |
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As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | (2,385.00) | (960.00) | (1,700.00) | (1,498.64) | 128.01 | (685.02) | 319.39 | (768.11) | (266.10) | (105.98) | | (105.98) |
Diluted EPS (Continuing Ops) | (2,385.00) | (960.00) | (1,700.00) | (1,500.00) | 75.77 | (685.02) | 26.24 | (768.11) | (266.10) | (105.98) | | (105.98) |
| | | | | | | | | | | | |
WA Basic Shares Out. | 3.50 | 6.92 | 7.18 | 8.80 | 14.69 | 18.84 | 23.51 | 28.53 | 29.62 | 32.18 | | 32.18 |
WA Diluted Shares Out. | 3.50 | 6.92 | 7.18 | 8.80 | 15.26 | 18.84 | 28.09 | 28.53 | 29.62 | 32.18 | | 32.18 |
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EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | (8,981) | (7,047) | (11,177) | (13,412) | 1,830 | (12,881) | 7,487 | (22,007) | (9,260) | (2,914) | | (2,914) |
Addback: Net Interest Expense | (143) | (226) | (49) | 1,141 | 526 | 1,276 | 2,558 | 2,879 | 2,923 | 776 | | 776 |
Addback: Other Non Operating Expenses, Total | 7,117 | 113 | 219 | (1,528) | (1,557) | 11,098 | (2,938) | (1,992) | (10,798) | (9,802) | | (9,802) |
Addback: Depreciation & Amortization | 381 | 534 | 947 | 917 | 760 | 547 | 2,316 | 1,625 | 1,960 | 2,193 | | 2,193 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 334 | 0 | 0 | 0 | 2,050 | 1,998 | 3,891 | | 3,891 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | (207) | 1,142 | (632) | (6,736) | 17,470 | 7,141 | (1,130) | | (1,130) |
Addback: Gain (Loss) On Sale Of Assets | (8) | 4 | 0 | 24 | (21) | 49 | 2 | (111) | 54 | (2) | | (2) |
Addback: Asset Writedown | 1,378 | 2,551 | 1,007 | 2,373 | 0 | 1,908 | 0 | 0 | 39 | 0 | | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 810 | 0 | 34 | 0 | (888) | (492) | | (492) |
Adjusted EBITDA | (256) | (4,071) | (9,054) | (10,358) | 3,490 | 1,364 | 2,725 | (85) | (6,830) | (7,481) | | (7,481) |
% Margin | -1.3% | -20.1% | -47.9% | -69.0% | 21.9% | 14.5% | 12.9% | -0.4% | -68.9% | -29.6% | | -29.6% |
| | | | | | | | | | | | |
Adjusted EBIT | (637) | (4,605) | (10,001) | (11,276) | 2,730 | 816 | 408 | (1,711) | (8,790) | (9,674) | | (9,674) |
% Margin | -3.1% | -22.7% | -52.9% | -75.1% | 17.1% | 8.7% | 1.9% | -7.8% | -88.6% | -38.2% | | -38.2% |
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Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | (8,584) | (6,724) | (12,243) | (14,322) | 1,874 | (12,899) | 8,632 | (21,859) | (7,920) | (3,593) | | (3,593) |
Addback: Unusual Items | 1,370 | 2,555 | 1,007 | 2,524 | 1,931 | 1,324 | (6,700) | 19,410 | 8,344 | 2,266 | | 2,266 |
Less: Tax Benefit of Unusual Items (26%) | (356) | (664) | (262) | (656) | (502) | (344) | 1,742 | (5,047) | (2,169) | (589) | | (589) |
Adjusted Net Income | (7,571) | (4,834) | (11,498) | (12,455) | 3,303 | (11,919) | 3,674 | (7,495) | (1,745) | (1,915) | | (1,915) |
% Margin | -37.3% | -23.8% | -60.9% | -83.0% | 20.7% | -126.8% | 17.4% | -34.4% | -17.6% | -7.6% | | -7.6% |