Angel Robotics엔젤로보틱스

Angel Robotics is still loss-making with revenue of about ₩3.4B over the last twelve months, while its shares have fallen sharply over the past year.

Angel Robotics makes wearable robots for hospitals, rehabilitation centres and industrial safety, and sells some products overseas. Over the last twelve months to the first half of 2026 it reported revenue of about ₩3.4B against an operating loss of about ₩11.8B, with cash of about ₩5.1B and borrowings of about ₩1.6B. The founder, Kong Kyung-chul, returned as CEO in October 2026, which the press linked to an expansion of its physical AI business.

What stands out

• Revenue fell to about ₩3.4B on a trailing basis, after ₩4.6B in 2025 and ₩4.2B in 2024, while the operating loss stayed large at about ₩11.8B.
• Free cash flow was about minus ₩8.0B over the trailing period, so the company is burning cash, and cash of about ₩5.1B covers that for a limited time at this pace.
• The fair value model in the data gives a base value of ₩823 per share, below the current close of ₩17,770 only if read against a very different scale, so the gap should be interpreted with caution; the model's bear and bull values are ₩937 and ₩663.
• The share price is down about 41% over one year and 16% over one month, though it is up 0.6% over three months and sits well above its 52-week low of ₩14,860.
• Foreign ownership is small at 2.2% and rose only slightly over 60 days; institutions were net sellers over the last 20 trading days while retail investors were net buyers.

What to watch

• The CEO change and the shareholders' meeting notice filed in October 2026, including any announced strategy or physical AI plans.
• The next quarterly report and any progress on the US FDA application and overseas certifications named in the company profile.
• Whether revenue growth returns and the operating loss narrows, given the continued negative free cash flow and the ₩5.1B cash balance.