FURONTEER (370090) Q1 2026 earnings summary

Executive summary

• Specializes in automation equipment for automotive and mobile camera modules, with two main divisions: equipment and components.

• Listed on KOSDAQ since 2022, not classified as an SME but as a mid-sized enterprise.

• Major shareholder is Hyvision System, holding 30.5% of shares.

Financial highlights

• Q1 2026 revenue: KRW 3.38 billion, down from KRW 12.14 billion in FY2025 and KRW 25.34 billion in FY2024.

• Q1 2026 operating loss: KRW -1.44 billion; net loss: KRW -1.13 billion.

• Gross margin for Q1 2026: 16.3% (KRW 552.9 million gross profit on KRW 3.38 billion revenue).

• Cash and cash equivalents at Q1 2026: KRW 4.92 billion.

• Total assets at Q1 2026: KRW 45.5 billion; equity: KRW 40.0 billion.

Outlook and guidance

• Focus on expanding in ADAS/autonomous driving camera and LiDAR module equipment markets.

• Anticipates growth in demand for high-precision inspection and calibration equipment for automotive and mobile cameras.

• New business initiatives in high-speed EtherCAT motion controllers and dome light sources for camera inspection.