AlphaChips Inc

AlphaChips Inc operates with a debt-to-equity ratio of 0.24 and a current ratio of 1.3, indicating moderate leverage and acceptable short-term liquidity. The company holds KRW 5,247,265,810 in cash and equivalents but has KRW 8,390,497,170 in long-term debt, resulting in a net cash position of negative KRW 3,143,231,360. Free cash flow for the period was KRW 105,197,570, a modest positive figure that may not be sufficient to cover capital expenditures or debt servicing.

The company reported a net loss of KRW 181,920,220 and an operating loss of KRW 107,943,020, with a return on equity of -0.51% and a return on assets of -0.3%. These metrics fall below the industry median for profitability and returns, suggesting underperformance relative to peers in the Semiconductors industry.

AlphaChips Inc's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financials. This lack of diversification increases exposure to regional economic shifts and supply chain disruptions.

Outlook for the current fiscal year shows a negative revenue trajectory, with no disclosed growth drivers or market expansion plans in the latest filings. The company's capital expenditure of KRW 184,860,000 suggests ongoing investment in production capacity, but the scale is small relative to total assets.

The risk assessment highlights medium liquidity risk due to the negative net cash position and low dilution risk, with no recent equity issuance or dilution events reported. The company's operating cash flow of KRW 2,854,877,650 provides some buffer against short-term obligations but does not offset the long-term debt burden.

Recent financial filings show a net loss and negative EPS of -8,600 KRW, with no material events disclosed in the latest transcripts or regulatory filings. The absence of significant news or strategic announcements suggests a period of operational stability but limited momentum.

Net income improved 97.1% year-over-year, signaling a significant reduction in losses compared to the prior period.

Free cash flow surged 99.8% year-over-year, indicating a substantial improvement in cash generation capabilities.

Long-term debt decreased significantly to 1.1 trillion KRW, reducing leverage and potential interest burden.

Operating income improved 93.3% year-over-year, demonstrating better core operational efficiency despite remaining negative.

Debt-to-equity ratio of 0.24 aligns with the semiconductor cohort median, suggesting manageable leverage levels.

The company faces high credit risk, indicating potential difficulties in meeting financial obligations or securing financing.

Cash conversion ratio of -15.69 places the company in the bottom quartile of its peer group.

Revenue KRW 17.52B; Operating income -KRW 1.40B.

• ▍Revenue KRW 17.52B
• ▍Operating income -KRW 1.40B
• ▍Net margin -44.3%

Revenue KRW 24.05B; Operating income KRW 158.8M.

• ▍Revenue KRW 24.05B
• ▍Operating income KRW 158.8M
• ▍Net margin 5.2%

Revenue KRW 21.44B; Operating income -KRW 29.4M.

• ▍Revenue KRW 21.44B
• ▍Operating income -KRW 29.4M
• ▍Net margin -8.1%

Revenue KRW 22.27B; Operating income -KRW 107.9M.

• ▍Revenue KRW 22.27B
• ▍Operating income -KRW 107.9M
• ▍Net margin -0.8%

Revenue KRW 85.27B, +6,8% YoY; Operating income +88,3% YoY.

• ▍Revenue KRW 85.27B, +6,8% YoY
• ▍Operating income +88,3% YoY
• ▍Net income +63,4% YoY
• ▍Free cash flow +67,5% YoY
• ▍Net margin -9.9%

Revenue KRW 79.87B, −11,1% YoY; Operating income +67,1% YoY.

• ▍Revenue KRW 79.87B, −11,1% YoY
• ▍Operating income +67,1% YoY
• ▍Net income +55,0% YoY
• ▍Free cash flow +55,9% YoY
• ▍Net margin -28.8%