Autocrypt Q1 2026: Revenue up 8.9%, loss narrows, but financial strain remains

Consolidated revenue: 5.10B KRW (+8.9% YoY), operating loss: 4.65B KRW (loss margin improved 11.2%), net loss: 4.93B KRW (loss margin improved 17.0%)
Total assets: 60.13B KRW (-13.0% from year-end), debt ratio: 132.0% (year-end 125.9%), equity ratio: 43.1% (year-end 44.3%)
Cash and cash equivalents: 5.73B KRW (-63.9% from 15.87B), short-term borrowings: 17.59B KRW (-10.3%)
Operating cash flow: -4.31B KRW, investing cash flow: -3.55B KRW, financing cash flow: -2.28B KRW
Order backlog: 8.97B KRW, expanding contracts for IVS and V2X security solutions
Market growth driven by global automotive cybersecurity regulations (UNR155, GB 44495) in Europe, China, Korea
V2X security infrastructure operations and C-ITS expansion expected
Expanding into new areas (robotics, agricultural machinery) in response to EU CRA
R&D spending ratio to revenue: 213% (Q1 R&D cost 1.63B KRW), continuous technology investment
Persistent operating losses, high debt ratio, and cash decline remain financial concerns

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