Frtekco에프알텍

Frtekco swung to a trailing loss in the first half of 2026 after a profitable 2025, with the share price down 13.9% over the past month.

Frtekco makes mobile communication repeaters, with KT as its main customer and some sales in the United States. Trailing twelve-month revenue is about ₩17.8B, but operating income is negative at about -₩1.4B and net income is about -₩0.7B. The company holds about ₩3.8B in cash against ₩3.0B in borrowings.

What stands out

• Trailing revenue is about ₩17.8B against ₩25.3B for full-year 2025, with 2025 revenue down 15.1% from 2024.
• Operating margin is -7.8% on a trailing basis, compared with +3.6% for 2025, so profitability has weakened in 2026.
• Cash of ₩3.8B exceeds borrowings of ₩3.0B, and trailing free cash flow is positive at about ₩0.66B.
• Filings in August 2026 include a major sales or supply contract and the half-year report, and the headlines list shows no recent news.
• Valuation is low on book value (price-to-book 0.4) and the data shows a 3.3% dividend yield, but trailing earnings are negative so the P/E is not meaningful.

What to watch

• The next quarterly or half-year results, to see whether operating losses continue after the trailing swing to a loss.
• Details of the August 2026 major sales or supply contract, including its size and customer, which are not in the data provided.
• Dependence on KT as the main customer and the share price volatility, with the stock up about 2.3% over one year but down 13.9% over one month.