TRUEN (417790) Q1 2026 earnings summary

Executive summary

• Specializes in digital video surveillance systems and IoT solutions, with a strong focus on AI-driven products and cloud-based services.

• Maintains a robust R&D program, with 45.8% of staff in research roles and significant recent product launches in AI cameras and smart home devices.

• Holds a stable AA credit rating for three consecutive years and is listed on KOSDAQ since May 2023.

Financial highlights

• Q1 2026 revenue: KRW 7.82 billion, down from KRW 9.89 billion in Q1 2025.

• Q1 2026 net income: KRW 1.64 billion, compared to KRW 2.45 billion in Q1 2025.

• Operating income for Q1 2026: KRW 1.68 billion, down from KRW 2.46 billion in Q1 2025.

• Cash and cash equivalents at Q1 2026: KRW 47.56 billion.

• Basic EPS for Q1 2026: KRW 158, compared to KRW 234 in Q1 2025.

Outlook and guidance

• Continues to invest in R&D, focusing on AI and cloud-based solutions for both surveillance and IoT markets.

• Plans to expand production capacity and enhance product competitiveness through ongoing facility investments.

• Targets growth in domestic and international markets, leveraging proprietary technology and compliance with global standards.