Vitzro Nextech비츠로넥스텍

Vitzro Nextech is growing its space and fusion equipment work, but it is still loss-making and its share price has fallen sharply over the past month.

Vitzro Nextech supplies parts for South Korea's Nuri rocket and fusion reactor projects such as KSTAR and ITER. Over the trailing twelve months to H1 2026 it reported revenue of ₩36.8B, an operating loss of ₩7.4B and a net loss of ₩6.6B, and its shares closed at ₩8,260 on 28 October 2026, down 23.2% over one month but up 13.8% over three months.

What stands out

• Trailing revenue of ₩36.8B came with an operating margin of -20% and a net margin of -17.9%, so the business is not yet profitable on these figures.
• Free cash flow was -₩9.6B against cash of ₩12.4B and borrowings of ₩12.6B, and liabilities are 121.6% of equity.
• Filings in 2026 include several major sales or supply contracts, the most recent dated 15 September 2026, but the data does not give their values.
• The shares trade well below their 52-week high of ₩31,100, and the market value is about ₩239B; the P/B is 4.5x while P/E is not meaningful because earnings are negative.
• Foreign ownership fell from 0.6% to 0.3% over 60 days, while retail investors were net buyers over the last 20 days and institutions were net sellers.
• The company pays no dividend, and the news headlines list is empty, so there is no press coverage in the data to add context.

What to watch

• The next quarterly or half-year results, to see whether the operating loss narrows from the current -20% margin.
• Details and timing of the major supply contracts, since the data does not show their size or revenue impact.
• Funding pressure, given negative free cash flow, borrowings above cash, and liabilities at 121.6% of equity.