Obigo's Q1 2026 consolidated sales surge but losses widen

Q1 2026 consolidated revenue KRW 10.54B (+184% YoY), operating loss KRW 1.48B (vs -0.34B), net loss KRW 1.36B (vs -0.13B)
Smart car S/W platform segment remained profitable with OP of KRW 0.23B; content service (-1.05B) and total car management (-0.66B) posted losses
Total car management newly consolidated via acquisition of 'Karang' (Apr 2025), contributing KRW 7.15B in sales but generating net loss of KRW 0.53B
Karang has negative equity (net debt KRW 8.89B) and preferred stock liabilities of KRW 3.11B, posing financial burden
Continued expansion of supply to global OEMs (Hyundai Motor Group, Renault Korea) and investment in AI/SDV platform development

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