StradVision스트라드비젼

StradVision, a recently listed automotive AI vision software firm, remains deeply loss-making with shares well off their 52-week high.

StradVision develops camera-based AI vision software for driver assistance and autonomous driving, sold to automakers and Tier-1 suppliers. Trailing twelve-month revenue is about ₩21.5B against an operating loss of about ₩52.9B, and free cash flow is negative at about ₩43.9B, though the company held about ₩85.9B in cash. The share price closed at ₩2,545 on 2026-10-21, down 20.2% over one month and 18.3% over three months, and about 77% below its 52-week high of ₩11,080.

What stands out

• Revenue grew about 57% in 2025 to ₩18.1B, but the 2025 operating loss widened to about ₩58.6B, so losses are large relative to sales.
• Trailing operating margin is about -246% and net margin about -244%, meaning the company loses roughly ₩2.5 for every ₩1 of revenue.
• Cash of about ₩85.9B exceeds borrowings of about ₩5.0B, but the trailing free cash outflow of about ₩43.9B suggests the cash balance is being drawn down.
• Valuation is hard to anchor: the company has negative earnings, so P/E is not meaningful, while price-to-book is 1.6 and price-to-sales is 6.4.
• Recent filings include a major sales or supply contract on 2026-10-12 and another on 2026-08-20, but the data does not give contract values or customers. No news headlines were provided.

What to watch

• The next half-year or annual results, to see whether revenue growth is translating into narrower losses and whether cash burn slows.
• Details of the contracts filed in August and October 2026, including value and timing, which the data does not include.
• Ongoing dilution signals: the notice on stock purchase options from 2026-10-08 and the recent shareholder meeting, plus foreign investors' net selling over the last 20 days.