Ranix라닉스

Ranix remains loss-making with shrinking margins and heavy borrowings, while its share price has fallen sharply over the past year.

Ranix, a KOSDAQ-listed semiconductor company focused on automotive and IoT wireless and security chips, reported trailing twelve-month revenue of ₩7.4B and an operating loss of ₩5.8B through H1 2026. Borrowings of ₩16.1B exceed its cash of ₩0.8B, and free cash flow was negative ₩5.0B. The shares closed at ₩1,359 on 2026-10-21, down 48.2% over one year, with a market capitalisation of about ₩20.7B.

What stands out

• Revenue has been broadly flat to down since 2023, with 2025 revenue of ₩7.47B and operating margin of -81%.
• Net losses have persisted every year since 2021, reaching ₩7.8B in 2025; the data shows no profitable year in the period.
• Liabilities are 134.7% of equity and borrowings are roughly 19 times cash, so financing risk is a visible concern in the filings.
• Price-to-book is 1.2 and there is no meaningful price-to-earnings ratio because earnings are negative; the dividend yield is 0%.
• Foreign ownership edged up to 3.8% from 3.6% over 60 days, while the 20-day flows data shows foreign net selling.
• Recent news covers a portable drug detector called RND and a V2X smart tolling partnership with Singapore's SSI, but the data does not show their revenue impact.

What to watch

• Upcoming shareholder meeting materials were filed in October 2026; the agenda details are not in the data provided.
• Next quarterly or annual results, to see whether operating losses narrow and whether the debt position changes.
• A conversion price adjustment was filed in June 2026; its effect on share count is not detailed in the data.