Alchera알체라

Alchera is an AI video recognition firm with heavy operating losses, a share price down about half over the past year, and no news headlines in the data.

Alchera sells facial recognition, abnormal situation detection and AI training data, with trailing twelve-month revenue of ₩16.2B and an operating loss of ₩9.9B as of H1 2026. Revenue fell 14.2% in 2025 after rising 49.2% in 2024, and losses have been large relative to sales for several years. The share price closed at ₩1,401 on 2026-10-22, with a market cap of about ₩59.1B.

What stands out

• Trailing operating margin is -61.5% and free cash flow is -₩7.3B, so the business is not yet covering its costs.
• Cash of ₩6.2B against borrowings of ₩2.3B; liabilities are 77.7% of equity.
• The stock is down 48.8% over one year and trades between ₩1,198 and ₩3,235 over the past 52 weeks.
• Recent filings include a major sales or supply contract (July 2026, later amended in August), a rights offering decision amended in June, and a decision on early acquisition of its own convertible bonds in July.
• Valuation metrics are mixed: price-to-book is 3.0 and price-to-sales is 3.7, but earnings-based ratios are not meaningful because the company is loss-making, and the dividend yield is 0%.

What to watch

• The rights offering (paid-in capital increase) and its completion, since it could affect the share count and dilution; the data does not give its terms or timing.
• The full-year 2026 results and whether revenue growth returns after the 2025 decline.
• Continued cash burn and the company's ability to fund operations, given negative free cash flow and the own convertible bond activity.