Konan Technology Incorporation코난테크놀로지

Konan Technology remains loss-making with shrinking revenue momentum and a share price down sharply over the past year.

Konan Technology is an AI, big data and computer vision software company serving public, enterprise and defence clients in Korea. Trailing twelve-month revenue is about ₩34.6B, but operating losses of about ₩8.2B and negative free cash flow of about ₩5.9B persist. The shares trade near ₩11,020, roughly 63% below the 52-week high of ₩29,750, with a market value of about ₩137.9B.

What stands out

• Revenue rose 29.1% in 2025 to about ₩34.0B, but operating margin was still -29% that year and trailing figures show -23.8%.
• Trailing net loss is about ₩8.7B and return on equity is -41.7%, so the business is not yet profitable.
• Balance sheet shows cash of about ₩3.6B against borrowings of ₩2.0B and liabilities at 76.5% of equity.
• Shares fell 56.9% over one year but were roughly flat over three months (+1.2%), and foreign ownership is small at 0.8%.
• Recent filings center on changes in the largest shareholder and a 5%+ holding report, and a news item covers a defence AI partnership with Seoul National University of Science and Technology.

What to watch

• Upcoming results and whether operating losses narrow from the trailing -23.8% margin.
• Further filings on the change of largest shareholder, including amendments and the outcome of the September extraordinary shareholders' meeting.
• Cash runway, given negative free cash flow of about ₩5.9B against ₩3.6B of cash; the data does not include a funding plan.