3ALogics쓰리에이로직스

3ALogics, a small NFC chip designer on KOSDAQ, is loss-making and its shares have fallen sharply over the past year.

The company designs NFC reader and tag chips for uses such as digital door locks, vehicle digital keys, electronic shelf labels and logistics. On a trailing basis to H1 2026 it reported revenue of about ₩17.5B, an operating loss of about ₩2.4B and a net loss of about ₩3.4B, after a profitable 2024. Shares closed at ₩3,015 on 22 October 2026, down 55.8% over one year, with a market capitalisation of about ₩29.0B.

What stands out

• Revenue fell 20% in 2025 to about ₩14.5B, and the trailing figure to H1 2026 is around ₩17.5B.
• Operating margin swung from 9.7% in 2024 to -18.5% in 2025 and -13.6% on a trailing basis.
• Borrowings of about ₩17.7B are well above cash of about ₩3.1B, and trailing free cash flow was about -₩4.4B.
• Foreign ownership rose slightly to 3.2% from 2.6% over 60 days, while institutions were net sellers over the last 20 days.
• The data shows no news headlines for the period, and no analyst ratings or price targets are included.

What to watch

• The next results and any updated business performance outlook, given the recent losses and the 2026 outlook filings.
• Whether borrowings can be serviced from cash flow, since liabilities to equity is 44.4% and free cash flow is negative.
• Insider shareholding and 5%+ holding filings from June 2026, which may indicate ownership changes.