Huneed Technologies Co., Ltd.KRX: 005870

Revenue fell 41% YoY, leading to a net loss, but overseas growth and new financing improved liquidity

· Issued by Huneed Technologies Co., Ltd.

Revenue dropped 41% YoY to KRW 137.2 billion due to the end of a major defense contract, resulting in a net loss of KRW 10.0 billion. Overseas business grew, and liquidity was secured via new borrowings and exchangeable bonds. Equity ratio fell to 52.2% as leverage increased.

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