Virnect Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,459	4,599	6,502	5,056	3,569
Revenue Growth (YoY)	-29.23%	-29.26%	28.59%	41.68%	-
Cost of Revenue	1,489	1,338	1,194	785.71	431.22
Gross Profit	2,970	3,261	5,308	4,271	3,138
Selling, General & Admin	7,660	8,308	8,350	10,549	5,269
Research & Development	5,264	6,536	6,917	6,353	2,018
Other Operating Expenses	191.45	198.82	186.01	215.63	115.32
Operating Expenses	14,049	15,958	16,616	18,413	7,798
Operating Income	-11,079	-12,697	-11,308	-14,142	-4,660
Interest Expense	-338.86	-366.04	-377	-1,968	-843.88
Interest & Investment Income	1,179	1,132	476.21	329.03	14.69
Currency Exchange Gain (Loss)	-19.99	-6.38	0.29	-25.68	-1.23
Other Non Operating Income (Expenses)	32.25	-193.39	338.94	7,190	-3,486
EBT Excluding Unusual Items	-10,227	-12,131	-10,870	-8,617	-8,976
Gain (Loss) on Sale of Investments	-255.66	-403.25	624.84	100.61	-
Gain (Loss) on Sale of Assets	-66.11	-49.85	-61.08	-0.59	-
Pretax Income	-10,548	-12,584	-10,306	-8,517	-8,976
Income Tax Expense	88.34	57.24	51.25	-35.37	-
Net Income	-10,637	-12,641	-10,357	-8,481	-8,976
Net Income to Common	-10,637	-12,641	-10,357	-8,481	-8,976
Shares Outstanding (Basic)	11	11	10	5	4
Shares Outstanding (Diluted)	11	11	10	5	4
Shares Change (YoY)	2.92%	13.15%	98.80%	26.17%	-
EPS (Basic)	-954.39	-1137.10	-1054.15	-1715.98	-2291.53
EPS (Diluted)	-954.39	-1137.10	-1054.15	-1716.00	-2292.00
Free Cash Flow	-9,683	-11,229	-11,999	-12,629	-3,281
Free Cash Flow Per Share	-868.82	-1010.06	-1221.21	-2555.28	-837.53
Gross Margin	66.61%	70.91%	81.64%	84.46%	87.92%
Operating Margin	-248.47%	-276.07%	-173.92%	-279.69%	-130.58%
Profit Margin	-238.54%	-274.86%	-159.30%	-167.73%	-251.52%
Free Cash Flow Margin	-217.15%	-244.15%	-184.54%	-249.77%	-91.93%
EBITDA	-10,146	-11,781	-10,145	-12,846	-4,265
EBITDA Margin	-227.53%	-256.15%	-156.02%	-254.06%	-119.49%
D&A For EBITDA	933.73	916.04	1,164	1,296	395.68
EBIT	-11,079	-12,697	-11,308	-14,142	-4,660
EBIT Margin	-248.47%	-276.07%	-173.92%	-279.69%	-130.58%
Advertising Expenses	-	409.86	693.07	277.84	76.86

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.