MemRAY BT멤레이비티

MemRAY BT remains loss-making on a trailing basis, and its shares have fallen sharply over the past year.

The company supplies storage, server, backup and management solutions in Korea as a Dell Technologies partner, with all reported sales domestic. Trailing twelve-month revenue to H1 2026 was ₩85.9B, with an operating loss of ₩3.4B and a net loss of ₩19.4B. The share price closed at ₩612 on 2026-10-30, down 70.3% over one year and near its 52-week low of ₩610.

What stands out

• Revenue fell 31.1% in 2025 to ₩89.6B after a 44.6% jump in 2024 to ₩130.1B, showing a volatile top line.
• Operating losses have persisted in each year since 2023, and the net loss widened to ₩20.1B in 2025.
• Liabilities are 225.7% of equity, with borrowings of ₩41.5B against cash of ₩9.2B, and trailing free cash flow was negative ₩11.1B.
• Market capitalisation is about ₩25.4B, with a price-to-book ratio of 0.6 and no reported dividend yield.
• Recent filings include a conversion price adjustment on convertible bonds, a decision on acquiring own convertible bonds before maturity, a debt guarantee for a third party, a CEO change, and a trading halt on 2026-10-01.

What to watch

• Upcoming shareholder meeting and record date details, plus the outcome of the share consolidation and convertible bond actions named in recent filings.
• Whether losses narrow in the next reported period, given negative trailing margins and cash-flow figures.
• Debt guarantees and borrowings relative to limited cash, as flagged in recent filings. The data contains no analyst forecasts or news headlines.