FURONTEER (370090) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was ₩18.197bn versus ₩9.092bn in 9M 2025; operating loss narrowed to ₩2.204bn from ₩5.445bn, while net loss narrowed to ₩1.835bn from ₩3.740bn.

• Revenue was evenly split between equipment and components at ₩9.098bn each; equipment generated a ₩2.015bn operating loss and components a ₩188m loss.

Financial highlights

• Q3 revenue was ₩6.187bn versus ₩1.914bn YoY; operating loss was ₩274m versus ₩1.981bn, and net loss was ₩573m versus ₩1.338bn.

• 9M gross profit was ₩4.023bn versus ₩1.590bn; selling and administrative expenses were ₩6.226bn versus ₩7.035bn.

• Cash and cash equivalents rose to ₩7.056bn from ₩2.782bn at year-end 2025; short-term deposits were ₩22.500bn, down from ₩28.000bn.

• Operating cash flow was positive ₩620m versus an outflow of ₩3.242bn in 9M 2025; cash increased by ₩4.396bn before exchange-rate effects.

Outlook and guidance

• Order backlog at Sep. 30, 2026 was ₩3.771bn, including ₩3.412bn of automotive equipment and ₩102m of other equipment.

• LiDAR and ToF assembly/inspection equipment has secured initial sales and a confirmed development-line order; customer approvals and plans for production-line expansion remain in progress.

• A camera reliability evaluation system is being demonstrated to prospective domestic manufacturers and autonomous-driving solution providers; EtherCAT motion-control products have entered sales activity and some deliveries.

• Dome-lighting prototypes are complete, with uniformity and color-temperature testing underway ahead of commercialization preparation.