Davolink다보링크

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

Davolink, a Korean maker of Wi-Fi access points and network gateways, reported trailing twelve-month revenue of ₩63.5B to H1 2026 but an operating loss of ₩2.0B and a net loss of ₩6.7B. Borrowings of ₩12.4B sit well above its ₩2.1B cash, and liabilities are about 2.4 times equity. The share price closed at ₩908 on 2026-10-23, down 41.6% over one year and close to its 52-week low of ₩525.

What stands out

• Revenue has moved within roughly ₩63B to ₩78B a year since 2021, with 2025 revenue of ₩63.2B, down 4.1% from 2024.
• The company has posted operating losses in every year shown from 2021 to 2025, and the 2025 net loss was ₩5.0B.
• Trailing free cash flow was positive at ₩5.8B despite the net loss, though the data does not explain the drivers.
• Recent filings include several amended notices on shareholder meetings, a change of largest shareholder, and a rights offering and convertible bond decision in October 2026.
• A market notice dated 2026-10-20 flags a designation concern under management because the share price is below ₩1,000. No news headlines were included in the data.

What to watch

• Details and timing of the rights offering and convertible bond issue, including potential dilution, as set out in the filings.
• Whether the share price stays below ₩1,000, which the exchange notice links to a management-designation concern.
• The next financial results, to see whether operating losses narrow from the current trailing level.