RaonSecure Co Ltd

RaonSecure's capital structure shows a debt-to-equity ratio of 0.24, indicating a relatively conservative leverage position. The company holds KRW 6,847,280,880 in cash and equivalents, but with KRW 10,543,561,030 in long-term debt, net cash is negative. The liquidity position is rated as medium, with a current ratio of 1.69, suggesting the company can cover its short-term obligations but with limited margin.

Profitability metrics are weak, with a return on equity (ROE) of -6.4% and return on assets (ROA) of -4.03%. These figures fall significantly below the typical performance of software companies, which usually exhibit positive ROE and ROA. The company reported a net loss of KRW 2,774,865,490 and an operating loss of KRW 2,858,324,850, indicating ongoing operational challenges.

Geographic and segment exposure data is not available in the provided dataset. However, the absence of disclosed segments suggests the company may not have a diversified business model, which could increase its vulnerability to market-specific risks.

The company's growth trajectory is uncertain. With negative operating and free cash flows, and a net loss in the latest period, there is no clear evidence of revenue expansion or margin improvement. The outlook for the current fiscal year does not indicate a reversal of these trends.

Risk factors include liquidity constraints and the potential for dilution, though the latter is currently rated as low. The company's negative net cash position and operating losses raise concerns about its ability to fund operations without external financing. No dilution events have been disclosed in the latest filings, but the risk remains if the company requires additional capital.

Recent events include the latest financial filing, which shows continued losses and negative cash flows. No significant corporate actions or strategic announcements have been disclosed in the provided data, suggesting a period of operational stagnation.

Revenue grew 23.0% year-over-year to 63.8 billion KRW, demonstrating strong top-line expansion momentum.

Operating income surged 183.9% year-over-year, indicating a significant recovery in core operational profitability.

Gross profit reached 35.9 billion KRW, maintaining a robust margin structure despite revenue fluctuations.

Long-term debt decreased to 7.2 billion KRW, reflecting a strengthened balance sheet and reduced leverage.

Cash conversion ratio of 0.92 matches the software cohort median, suggesting efficient working capital management.

Net margin of -24.5% ranks in the bottom quartile of the software cohort, indicating poor profitability.

Free cash flow dropped 12.0% year-over-year to 6.1 billion KRW, reducing financial flexibility.

Revenue KRW 62.49B, +20,6% YoY; Operating income +154,4% YoY.

• ▍Revenue KRW 62.49B, +20,6% YoY
• ▍Operating income +154,4% YoY
• ▍Net income −3,5% YoY
• ▍Free cash flow −10,0% YoY
• ▍Net margin 6.4%

Revenue KRW 46.82B, +8,0% YoY; Operating income +270,3% YoY.

• ▍Revenue KRW 46.82B, +8,0% YoY
• ▍Operating income +270,3% YoY
• ▍Net income +201,6% YoY
• ▍Free cash flow +359,9% YoY
• ▍Net margin 14.2%