Deepnoid: Sharp Sales Drop and Continued Loss in Q1 2026

Q1 2026 sales: 357 million won (down 63% YoY from 961 million won)
Operating loss continues; net loss 3.87 billion won (vs 3.50 billion won in Q1 2025)
R&D expenses 936 million won, 262% of sales
Strong liquidity: cash and equivalents 5.74 billion won, short-term financial products 7.5 billion won (total 13.2 billion won)
Long-term borrowing: 6.66 billion won (Industrial Bank, collateralized)
Major contracts: two with Wooshin Systems (7.5 billion won and 4.0 billion won) for machine vision supply, in progress
Credit rating: B0 (Korea Data, as of 2026.5.8)
Internal director Kim Tae-gyu resigned; Choi Hyun-joo newly appointed
Holds 97 patents and 28 trademarks
Technology special listing company; grace period for designated managed items due to sales below 3 billion won and recurring losses

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