Coreline Soft Q1 2026: Revenue Growth, Operating Loss Improvement, Early CB Redemption

Consolidated revenue 12,995 million KRW (+48.7% YoY from 8,739 million), operating loss 3,103 million (improved from 3,812 million loss a year ago)
Net loss 3,221 million, basic EPS loss 175 KRW (vs 306 loss previous year)
Cash and cash equivalents soared to 16,588 million (from 1,863 million at year-end 2025), mainly due to issuance of 3rd series CB (125 billion KRW)
Early redemption of 2nd series CB (176.4 billion out of 180 billion) upon put option exercise on Apr 6, 2026; remaining 3.6 billion
Net debt ratio 21.55% (consolidated, improved from 60.33% at year-end)
R&D expense 685 million (52.7% of revenue), continued investment
Lawsuit for invalidation of dismissal (claim 1.72 billion) in appeal after winning first trial

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