Raontech라온텍

Raontech remains deeply loss-making on trailing numbers, with revenue flat and its share price down sharply over the past year.

Raontech is a fabless chip designer focused on microdisplays and SoCs for smart glasses, XR, automotive head-up displays and optical communication. On trailing twelve-month figures to H1 2026 it reported revenue of ₩6.2B against an operating loss of ₩9.8B and a net loss of ₩10.9B. The shares closed at ₩3,035 on 2026-10-27, well below the 52-week high of ₩12,500, and market capitalisation is about ₩93.4B.

What stands out

• Trailing revenue of ₩6.2B is well below the ₩8.7B reported for 2025 and the ₩10.7B reported for 2023, and losses have stayed large every year since 2023.
• Borrowings of ₩20.8B exceed cash of ₩2.4B, and liabilities are about 2.5 times equity.
• Free cash flow on a trailing basis is negative ₩8.7B, and the company pays no dividend.
• Foreign ownership fell from 3.9% to 2.3% over the past 60 days, and foreign investors were net sellers over the last 20 days, while retail investors were net buyers.
• Filings in the last few months included a major sales or supply contract dated 2026-09-01 and the half-year report for June 2026; the data gives no details of the contract's size or terms.

What to watch

• The next half-year or annual results, to see whether revenue recovers and losses narrow from the trailing levels.
• Debt levels and cash runway, given borrowings well above cash and negative free cash flow.
• Further shareholding reports from major holders and insiders, which have been frequent since July 2026.