Vect Robotics벡트로보틱스

Vect's revenue fell sharply in 2025 and it remains loss-making on a trailing basis, though its shares are well above their 52-week low.

Vect is a Korean maker of commercial and educational digital signage, selling displays, projectors, interactive whiteboards and related content and software. Over the trailing twelve months to H1 2026 it reported revenue of about ₩38.8B, an operating loss of ₩4.3B and a net loss of ₩4.9B, with liabilities at 129.6% of equity. The share price closed at ₩3,755 on 2026-10-26, about 37% higher over one year but down 13.6% over one month.

What stands out

• Revenue fell 31.1% in 2025 to ₩44.5B from ₩64.7B in 2024, and trailing revenue to H1 2026 is lower again at ₩38.8B.
• Operating margin was -11.1% on a trailing basis, worse than the -7.7% reported for 2025, and the company made losses in both years shown.
• Borrowings of ₩10.4B exceed cash of ₩4.1B, and trailing free cash flow was negative at about -₩0.65B.
• Recent filings are mainly shareholding reports (5%+ holders and insiders) and a notice on stock purchase options; no news headlines were included in the data.
• Valuation shows a price-to-book of 3.2 and price-to-sales of 1.3, with no earnings-based multiple because profits are negative; the dividend yield is 0%.

What to watch

• Next periodic results and whether revenue stabilises after the decline seen in 2025 and H1 2026.
• Progress on reducing losses and debt, given the negative operating cash flow and borrowings above cash.
• Foreign ownership has slipped from 4.3% to 3.5% over 60 days; the data does not explain the reason.