YC (232140) Q1 2025 earnings summary

Executive summary

• Specializes in manufacturing and selling automatic test equipment (ATE) for DRAM and NAND memory semiconductors, with a focus on wafer-level testing and repair functions.

• Operates globally with five consolidated subsidiaries, including entities in Japan and the US.

• Recently changed its corporate name and expanded its business purpose to include venture investment management.

Financial highlights

• Q1 2025 consolidated revenue: KRW 38.96 billion, down sharply from KRW 211.24 billion in FY2024.

• Q1 2025 operating loss: KRW -1.51 billion; net loss attributable to owners: KRW -1.64 billion.

• Q1 2025 basic EPS: KRW -20, compared to KRW 137 in Q1 2024.

• Total assets as of March 2025: KRW 591.5 billion; equity: KRW 418.1 billion.

• Cash and equivalents at Q1-end: KRW 18.5 billion.

Outlook and guidance

• Anticipates continued growth in global semiconductor and test equipment markets, driven by AI, HPC, and memory demand.

• Expects memory sector investments to focus on advanced DRAM and HBM, with cautious expansion due to inventory adjustments.

• Plans to diversify customer base and expand into new markets, including venture investment.