VirNect Co Ltd
VirNect Co Ltd provides IT services, primarily focused on software development and IT consulting, generating revenue through service contracts and project-based engagements.
Business. VirNect Co Ltd (438700.KQ) is a South Korean IT services and consulting firm operating within the Software & IT Services sector. The company provides information technology services, though specific operating segments and geographic breakdowns are not disclosed in the available data. It is primarily listed on the Korean exchange under the ticker 438700.KQ.
At a glance
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
VirNect Co Ltd (438700.KQ) is a South Korean IT services and consulting firm operating within the Software & IT Services sector. The company provides information technology services, though specific operating segments and geographic breakdowns are not disclosed in the available data. It is primarily listed on the Korean exchange under the ticker 438700.KQ.
VirNect's capital structure is characterized by a low debt-to-equity ratio of 0.18, indicating a conservative leverage profile. The company holds 6472956610.0 in cash and equivalents, but this is offset by 7645271060.0 in long-term debt, resulting in a net cash position that is negative. The liquidity risk is rated as medium, with a current ratio of 8.54, suggesting strong short-term liquidity despite the negative net cash position.
Profitability metrics show significant underperformance. The company reported a net loss of 3554635100.0 and an operating loss of 3713449670.0, resulting in a return on equity of -0.0854 and a return on assets of -0.0667. These figures are well below the industry median for IT Services & Consulting, which typically shows positive returns on equity and assets.
Geographically and segment-wise, VirNect's revenue concentration is not disclosed in the available data. The company does not provide segment-specific revenue breakdowns, making it difficult to assess the contribution of different business lines or regions to overall performance.
The company's growth trajectory is negative, with no clear indication of improvement in the current or next fiscal year. The operating cash flow is negative at -3036056410.0, and free cash flow is also negative at -3436008120.0, indicating a lack of cash generation from operations.
Risk factors include the company's negative net cash position and the absence of disclosed dilution sources. The dilution risk is rated as low, but the company's negative cash flow and operating losses could necessitate future capital raises, potentially leading to share dilution.
Recent events include the latest financial filing, which shows continued losses and negative cash flows. No recent earnings call transcripts or material news events are available to provide additional context on the company's strategic direction or operational changes.
- VirNect has a negative net cash position despite holding 6472956610.0 in cash and equivalents.
- The company is unprofitable, with a return on equity of -0.0854 and a return on assets of -0.0667.
- VirNect's liquidity is strong in the short term, as indicated by a current ratio of 8.54.
- The company's growth trajectory is negative, with no clear signs of improvement in the near term.
- The risk of dilution is low, but the company's financial performance could necessitate future capital raises.
Bull / Bear case
Generated · model-assistedNet income improved by 60.2% year-over-year to a loss of 5.03 billion KRW in FY0.
Operating income surged 52.4% year-over-year, narrowing the operating loss to 6.05 billion KRW.
Free cash flow improved by 63.2% year-over-year, reducing the outflow to 4.35 billion KRW.
Long-term debt decreased to 9.95 billion KRW in FY0, down from 7.29 billion in FY-1.
The company maintains a low dilution risk profile according to current risk flag assessments.
The company faces high credit risk, posing potential challenges for financial stability and borrowing costs.
Operating margin of -3.88% places the company in the bottom quartile of its IT Services cohort.
Net margin of -3.72% ranks in the bottom quartile among 826 comparable IT Services peers.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Forward curve
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- VirNect Co Ltd Market data — financials · 2026-05-26