Itoxi아이톡시

Itoxi remains loss-making with shrinking revenue, and its Korean listing is now under a substantive review of eligibility.

Itoxi is a Korean mobile game publisher whose revenue has fallen sharply, from ₩28.1B in 2022 to a trailing twelve-month figure that is negative in the filings. Losses are large relative to its ₩4.5B market value, and the share price is down about 85% over the past year. The company is currently in a formal exchange review over whether it still qualifies for listing.

What stands out

• Trailing twelve-month revenue is reported as negative (about -₩2.2B) and operating income is about -₩1.9B through H1 2026, which the filings show as unusual and worth checking in the full statements.
• Full-year 2025 revenue was ₩5.7B, down 66.8% from 2024, with a net loss of ₩7.3B.
• The balance sheet is weak: trailing cash is only about ₩0.01B against borrowings of about ₩1.0B, and trailing free cash flow is about -₩1.7B.
• Recent filings include a trading halt, a notice that the company is subject to a substantive review of listing eligibility, a notice of a revenue shortfall, and a submitted improvement plan.
• The share price closed at ₩312 on 2026-10-21, versus a 52-week high of about ₩2,267, and the company pays no dividend.
• No news headlines are included in the data, and no analyst ratings or forecasts are provided.

What to watch

• Outcome of the listing eligibility review and whether the submitted improvement plan is accepted by the exchange.
• Whether the company resumes trading after the recent trading halts and any further disclosure notices.
• Next periodic results and whether revenue and cash flow stabilise, given the losses and thin cash position.