Igloo Corp swings to consolidated operating loss in Q1 despite 66% revenue growth

Consolidated Q1 revenue KRW 38.94B (66% YoY increase), operating loss of KRW 3.18B (swing from profit in prior year period)
Consolidated net loss of KRW 2.56B, mainly due to subsidiary Piolink's operating loss of KRW 1.26B
Separate (parent) operating loss of KRW 0.92B, but net profit of KRW 0.11B from dividend and other non-operating income
R&D spending KRW 5.21B (13.4% of revenue), significantly up from KRW 2.04B in prior year period
Debt-to-equity ratio 33.8%, short-term borrowings KRW 7B (maturity 2026.06.30, rate 3.19%)
Dividend of KRW 2.84B paid from prior year retained earnings (consolidated); no new share buyback or cancellation
Consolidated operating cash flow -KRW 2.26B (improved from -KRW 5.02B in prior year period)

ADVERTISEMENT (250px+)