Alchera: Q1 2026 Revenue Up 135% but Operating Loss Continues; Funding Plan Announced

Consolidated revenue KRW 1,995 million (up 135% vs prior quarter), operating loss KRW 4,310 million (narrowed from KRW 5,235 million), net loss KRW 4,624 million.
Debt ratio rose to 85.67% (from 62.33% at year-end), due to equity decrease from net loss and increased liabilities.
R&D expenses KRW 211 million (10.58% of revenue), continuing AI technology advancement.
Order backlog KRW 13,223 million (consolidated); facial recognition accounted for 68.2% of revenue.
Litigation risks: claim for agreed sum KRW 1,602 million (defendant), loan claim KRW 300 million (plaintiff); additional lawsuit (Siseon AI) KRW 910 million ongoing.
Post-report funding: KRW 1,000 million common stock, KRW 1,000 million CPS, KRW 2,500 million 4th CB - total ~KRW 4.5 billion (dilution concern).
Partial conversion of 3rd CB (April 2026) expected to issue 2.59 million shares; outstanding balance KRW 1,755 million.
No share buyback, cancellation, or dividend plans.

ADVERTISEMENT (250px+)