MediaZen미디어젠

MediaZen's revenue has recovered on a trailing basis, but it is still loss-making and its market value has fallen below the ₩20B exchange threshold.

MediaZen, a KOSDAQ-listed voice AI software company, reports trailing twelve-month revenue of ₩16.0B for the period to H1 2026, with an operating loss of ₩4.4B and a net loss of ₩5.0B. Its shares closed at ₩4,045 on 2026-10-19, down 59.1% over one year, and market capitalisation is about ₩18.9B. The company pays no dividend, and the data does not include a fair value estimate or analyst views.

What stands out

• Trailing revenue of ₩16.0B is well below 2025 full-year revenue of ₩22.8B, which grew 89.6%, but losses remain large with a -27.4% operating margin.
• Free cash flow is negative at about -₩3.9B against cash of only ₩0.6B, and liabilities are 232% of equity; borrowings are not reported.
• The share price is far below its 52-week high of ₩10,020 and sits 41% above its 52-week low of ₩2,870.
• Two filings in October and August 2026 are exchange notices that the company could be designated an administrative issue because its market cap is below ₩20B.
• Foreign ownership fell from 0.5% to 0.2% over the last 60 days, and recent 20-day flows are dominated by retail investors.

What to watch

• Whether the exchange formally designates MediaZen as an administrative issue, which the filings say is a possibility.
• The next quarterly or annual filings, to see if losses narrow and free cash flow improves.
• Details of the major sales or supply contracts, which were amended in June and August 2026, and their effect on revenue.