Alticast알티캐스트

Alticast returned to a small operating profit on a trailing basis, but still posted a net loss, and its shares have fallen sharply over the past year.

Alticast is a Korean software company with middleware for digital broadcasting and EV charging, a mobility platform business, and a quality assurance testing unit. The trailing twelve-month figures to H1 2026 show revenue of ₩53.2B, an operating profit of ₩1.2B, and a net loss of ₩5.4B, with free cash flow of about -₩6.8B. The share price closed at ₩1,322 on 2026-10-19, with a market value of about ₩18.7B.

What stands out

• Trailing operating income is ₩1.2B (2.2% margin), a sharp improvement on the 2023 and 2024 operating losses, though the 2025 full-year operating profit of ₩3.2B was higher than the trailing figure.
• Net income is negative at -₩5.4B on a trailing basis (-10.2% net margin), and return on equity is -12.8%.
• Borrowings of ₩12.2B exceed cash of ₩5.5B, and liabilities are 60% of equity.
• The share price is down 59.9% over one year and 23.1% over three months, and the data shows a 52-week low of ₩0, which looks like a data gap rather than a real price.
• Recent filings include a half-year report for June 2026, an amended annual report for December 2025, a conversion rights exercise, and a share cancellation decision. The data contains no news headlines.

What to watch

• The next quarterly or half-year results, to see whether operating profit holds and net losses narrow.
• The effect of the share cancellation decision and conversion rights exercise on the share count and dilution.
• Free cash flow and debt levels, since trailing free cash flow is about -₩6.8B against ₩12.2B of borrowings.