Agos아고스

Agos shows wide losses and a share price down over half in a year, with a merger and CEO change recently filed.

Agos, a Korean wireless device maker listed on KOSDAQ, reported trailing twelve-month revenue of ₩50.1B but an operating loss of ₩9.0B and a net loss of ₩11.1B through H1 2026. The shares closed at ₩2,235 on 23 October 2026, with a market value of about ₩55.8B and a 1-year return of -55.5%.

What stands out

• Revenue has grown in recent years, rising from ₩35.5B in 2022 to ₩55.5B in 2025, but operating losses have persisted in every year shown.
• Trailing net margin is -22.2% and ROE is -27%, and the company pays no dividend.
• Liabilities are 47.1% of equity, with cash of ₩6.9B against borrowings of ₩4.1B; trailing free cash flow is ₩3.7B.
• Valuation metrics are mixed: price-to-book is 1.4 and price-to-sales is 1.1, but P/E is not meaningful because earnings are negative.
• Filings in mid-2026 include a merger completion report, a change of CEO, a company name change and new independent director appointments; the filings do not explain the business impact of these changes.
• Foreign ownership fell from 1.9% to 1.4% over 60 days, and the 20-day investor flow data shows foreign buying alongside retail selling.

What to watch

• The next half-year or annual results, to see whether operating losses narrow from the H1 2026 level.
• Details of the merger and new CEO's plans, which the supplied data does not describe.
• Cash position and borrowings, given the negative earnings and that the data gives no forecasts for funding needs.