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 | 30,519 | 14,978 | 6,246 | 16,089 | 15,675 | | 15,675 | | 16,089 | 15,675 |
% Growth | NA | -50.9% | -58.3% | 157.6% | -2.6% | | | | | -2.6% |
| | | | | | | | | | |
Cost of Revenue | (24,583) | (14,261) | (5,342) | (8,123) | (8,324) | | (8,324) | | (8,123) | (8,324) |
Gross Profit | 5,936 | 716 | 905 | 7,966 | 7,351 | | 7,351 | | 7,966 | 7,351 |
% Revenue | 19.5% | 4.8% | 14.5% | 49.5% | 46.9% | | 46.9% | | 49.5% | 46.9% |
| | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Selling and Marketing | (10,671) | (5,355) | (4,932) | (11,494) | (9,829) | | (9,829) | | (11,494) | (9,829) |
General and Admin | (4,823) | (12,349) | (3,289) | (5,117) | (3,676) | | (3,676) | | (5,117) | (3,676) |
Other Inc / (Exp) | (6,090) | (17,241) | (11,908) | 2,404 | (2,840) | | (2,840) | | 2,404 | (2,840) |
Total Operating Exp | (21,583) | (34,944) | (20,130) | (14,207) | (16,344) | | (16,344) | | (14,207) | (16,344) |
| | | | | | | | | | |
Operating Income | (15,647) | (34,228) | (19,225) | (6,241) | (8,993) | | (8,993) | | (6,241) | (8,993) |
% Revenue | -51.3% | -228.5% | -307.8% | -38.8% | -57.4% | | -57.4% | | -38.8% | -57.4% |
| | | | | | | | | | |
Interest Expense | (2,910) | (1,699) | (286) | 284 | 709 | | 709 | | 284 | 709 |
Pre-tax Income | (18,557) | (35,927) | (19,511) | (5,957) | (8,283) | | (8,283) | | (5,957) | (8,283) |
Earnings of Discontinued Ops. | 0 | (3,921) | (2,192) | (831) | 308 | | 308 | | (831) | 308 |
Provision for Taxes | (3,498) | 42 | 0 | (10) | (1,519) | | (1,519) | | (10) | (1,519) |
Net Income to Company | (22,056) | (39,805) | (21,703) | (6,798) | (9,493) | | (9,493) | | (6,798) | (9,493) |
% Margin | -72.3% | -265.8% | -347.5% | -42.2% | -60.6% | | -60.6% | | -42.2% | -60.6% |
| | | | | | | | | | |
Minority Interest in Earnings | 289 | 1,241 | 269 | 1 | 0 | | 0 | | 1 | 0 |
Net Income to Stockholders | (21,766) | (38,564) | (21,435) | (6,797) | (9,493) | | (9,493) | | (6,797) | (9,493) |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 3,921 | 2,192 | 831 | (308) | | (308) | | 831 | (308) |
| | | | | | | | | | |
Net Income to Common | (21,766) | (34,644) | (19,243) | (5,966) | (9,802) | | (9,802) | | (5,966) | (9,802) |
% Margin | -71.3% | -231.3% | -308.1% | -37.1% | -62.5% | | -62.5% | | -37.1% | -62.5% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | (10,623.12) | (11,846.80) | (6,812.10) | (1,370.25) | (2,190.96) | | (2,190.96) | | (1,370.25) | (2,190.96) |
Diluted EPS (Continuing Ops) | (10,623.12) | (11,846.80) | (6,812.10) | (1,370.25) | (2,190.96) | | (2,190.96) | | (1,370.25) | (2,190.96) |
| | | | | | | | | | |
WA Basic Shares Out. | 2.05 | 2.92 | 2.82 | 4.35 | 4.47 | | 4.47 | | 4.35 | 4.47 |
WA Diluted Shares Out. | 2.05 | 2.92 | 2.82 | 4.35 | 4.47 | | 4.47 | | 4.35 | 4.47 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | (18,557) | (35,927) | (19,511) | (5,957) | (8,283) | | (8,283) | | (5,957) | (8,283) |
Addback: Net Interest Expense | 2,910 | 1,699 | 286 | (284) | (709) | | (709) | | (284) | (709) |
Addback: Other Non Operating Expenses, Total | (1,415) | 9,468 | 2,542 | (788) | (1,358) | | (1,358) | | (788) | (1,358) |
Addback: Depreciation & Amortization | 1,610 | 1,743 | 952 | 560 | 567 | | 567 | | 560 | 567 |
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 | 1,028 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 6,621 | (3,023) | 1,408 | (2,969) | 3,390 | | 3,390 | | (2,969) | 3,390 |
Addback: Gain (Loss) On Sale Of Assets | (1,066) | 4 | (79) | 98 | 7 | | 7 | | 98 | 7 |
Addback: Asset Writedown | 0 | 8,618 | 7,371 | 546 | 226 | | 226 | | 546 | 226 |
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 | 0 | 0 | | 0 | | 0 | 0 |
Adjusted EBITDA | (9,897) | (16,390) | (7,031) | (8,794) | (6,161) | | (6,161) | | (8,794) | (6,161) |
% Margin | -32.4% | -109.4% | -112.6% | -54.7% | -39.3% | | -39.3% | | -54.7% | -39.3% |
| | | | | | | | | | |
Adjusted EBIT | (11,507) | (18,133) | (7,983) | (9,354) | (6,728) | | (6,728) | | (9,354) | (6,728) |
% Margin | -37.7% | -121.1% | -127.8% | -58.1% | -42.9% | | -42.9% | | -58.1% | -42.9% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | (22,056) | (39,805) | (21,703) | (6,798) | (9,493) | | (9,493) | | (6,798) | (9,493) |
Addback: Unusual Items | 5,555 | 6,626 | 8,700 | (2,325) | 3,622 | | 3,622 | | (2,325) | 3,622 |
Less: Tax Benefit of Unusual Items (26%) | (1,444) | (1,723) | (2,262) | 604 | (942) | | (942) | | 604 | (942) |
Adjusted Net Income | (17,945) | (34,902) | (15,265) | (8,518) | (6,813) | | (6,813) | | (8,518) | (6,813) |
% Margin | -58.8% | -233.0% | -244.4% | -52.9% | -43.5% | | -43.5% | | -52.9% | -43.5% |