Laserssel레이저쎌

Laserssel is still loss-making on a trailing basis, while its share price has risen sharply over the past year.

Laserssel, a KOSDAQ-listed machinery company, reported trailing revenue of ₩5.8B against an operating loss of ₩9.7B for the twelve months to H1 2026. Its balance sheet carries ₩7.7B of borrowings against ₩3.4B of cash, and free cash flow was negative at -₩10.4B. The company profile in the data is empty, so the business description rests on filing titles and one news headline.

What stands out

• Trailing operating margin is -167.4% and net margin is -271.5%, so losses are large relative to sales.
• Annual revenue rose 16.6% in 2025 to ₩4.7B, but the operating loss widened to ₩13.5B that year.
• Liabilities are 101.7% of equity, and borrowings exceed cash by about ₩4.3B.
• The shares closed at ₩5,070, up 112.1% over one year but down 5.9% over one month; the 52-week range is ₩1,573 to ₩14,640.
• Recent filings are mostly major sales or supply contracts, and a convertible bond issue decision was amended in July 2026. A news headline says the company is targeting FC-BGA with an LSR and eLMB approach.

What to watch

• Whether the half-year or full-year results show revenue growth converting into a smaller operating loss.
• Terms and details of the recent supply contracts and the amended convertible bond issue, which the data does not describe.
• Funding needs given negative free cash flow and borrowings above cash; the data includes no forecasts or valuation model.