Korea Robot Manufacturing케이알엠

Korea Robot Manufacturing remains loss-making on a trailing basis, with revenue shrinking and operating losses deep relative to sales.

The company runs a robot business (Vision 60 quadruped robot sold to defense, public and private customers in Korea) and a semiconductor business (multimedia chips for automotive and related uses). Trailing twelve-month revenue is about ₩7.9B against an operating loss of about ₩8.9B and a net loss of about ₩13.2B, with free cash flow of about -₩8.9B. Cash of about ₩7.7B is in the data, and no borrowings are reported.

What stands out

• Revenue has fallen for three straight years, from ₩12.9B in 2022 to ₩9.0B in 2025, and trailing revenue is lower again at ₩7.9B.
• Operating margin was -112.7% on a trailing basis, and the company has reported operating losses in each year since 2023.
• The share price is up 35.8% over three months but down 8.9% over one month, and sits well below its 52-week high of ₩6,230.
• Foreign ownership is 0% and recent 20-day flows show retail investors net sellers, with foreign investors net buyers by a small amount.
• Recent filings include a major sales or supply contract (Sep 2026) and an amended convertible bond issue decision (Jul 2026); the data does not describe the contract's size or terms.

What to watch

• The next half-year or quarterly results, to see whether revenue stabilises and losses narrow from the trailing figures.
• Details of the September 2026 major sales or supply contract and any further filings on the convertible bond issue, which could affect share count and cash.
• Cash of about ₩7.7B against negative free cash flow of about ₩8.9B on a trailing basis; the data does not give a funding plan.