Edge Foundry엣지파운드리

Edge Foundry is loss-making and heavily indebted, with its share price down sharply over the past year and a stack of recent convertible bond and rights offering filings.

Edge Foundry, a Korean automotive sensor and thermal imaging maker, reported trailing twelve-month revenue of about ₩35.3B but an operating loss of about ₩19.7B as of H1 2026. Borrowings of about ₩39.0B sit against cash of only about ₩0.8B, and the shares closed at ₩1,345 on 27 October 2026, roughly 86% below the one-year-ago level. The data does not include news coverage or analyst views to explain the moves.

What stands out

• Revenue has been broadly flat at around ₩36-40B a year since 2021, while operating losses have widened from a ₩6.4B profit in 2021 to a ₩19.7B loss on a trailing basis.
• Trailing free cash flow was about -₩26.1B against cash of ₩0.8B and borrowings of ₩39.0B, so the filings show a heavy reliance on financing.
• Recent filings include several convertible bond entries, a conversion price adjustment, and an amended rights offering (paid-in capital increase) decision, which point to ongoing capital raising, though the data does not give the terms or size.
• Foreign ownership fell from 4.7% to 0.2% over 60 days, while the 20-day investor flow data shows retail net selling of about ₩18.7B.
• Valuation metrics are mixed: price-to-book is 0.2 and price-to-sales is 0.6, but no earnings-based multiple is available because the company is loss-making, and the dividend yield is zero.

What to watch

• The next filings on the convertible bonds and the rights offering, including final terms, share count changes and any dilution effects.
• The full-year 2026 results and whether operating losses narrow from the trailing level.
• Ongoing debt levels and cash position, given the data shows borrowings far above cash; the data does not include a going-concern or liquidity statement.