Cash flow Smart Radar System Inc.

Stocks

A424960

KR7424960003

Electronic Equipment & Parts

End-of-day quote Korea S.E. Other stock markets 03/08/2026			5-day change	1st Jan Change
3,310.00 ^KRW	-0.60%		-2.93%	-60.64%

06-25	Smart Radar System's US Arm Bags $5 Million Data Center Project	MT
03-25	Smart Radar System Inc. announced that it has received KRW 25 billion in funding from JC Asset Management Co., Ltd and other investors.	CI

082d.Q1uYcvB2wHGsi6SHOWdpFGRIxVLRtCOtTCTBiOwqqrs.FzreNccjsDX6-_TUTyoAOQYClhSy9mabD0eOuqdD_oIEA_tftw-5GO_xyw

Published financial data: SMART RADAR SYSTEM INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.49B	4.02B	4.08B	4.74B	9.4B
Other Revenues, Total	-	-10	-10	-10	-10
Total Revenues	3.49B	4.02B	4.08B	4.74B	9.4B
Cost of Goods Sold, Total	2.51B	3.2B	2.82B	3.9B	6.16B
Gross Profit	971M	825M	1.25B	835M	3.24B
Selling General & Admin Expenses, Total	2.58B	3.51B	3.43B	3.85B	3.94B
Provision for Bad Debts	-	-	207M	-66M	182M
R&D Expenses	2.5B	2.36B	2.54B	3.34B	3.54B
Depreciation & Amortization - (IS)	155M	145M	158M	204M	615M
Amortization of Goodwill and Intangible Assets - (IS)	287M	327M	292M	260M	233M
Other Operating Expenses, Total	5.53B	6.34B	6.62B	7.59B	8.51B
Operating Income	-4.56B	-5.52B	-5.37B	-6.76B	-5.27B
Interest Expense, Total	-1.24B	-1.52B	-143M	-762M	-2.01B
Interest And Investment Income	71.84M	167M	413M	786M	617M
Net Interest Expenses	-1.17B	-1.35B	269M	24.14M	-1.39B
Income (Loss) On Equity Invest.	-	-	-	-13.03M	-12.36M
Currency Exchange Gains (Loss)	46.29M	-32.15M	-18.18M	157M	-39.97M
Other Non Operating Income (Expenses)	476M	-834M	18.39M	108M	3.78B
EBT, Excl. Unusual Items	-5.2B	-7.74B	-5.1B	-6.48B	-2.94B
Gain (Loss) On Sale Of Investments	-	-89K	12.69M	-	-25.82M
Gain (Loss) On Sale Of Assets	-3.61M	-794K	-7.71M	20.53M	-3.57M
Asset Writedown	-13.32M	-	-	-	-
EBT, Incl. Unusual Items	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Income Tax Expense	-	1.03M	-	-	-
Earnings From Continuing Operations	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Net Income to Company	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Net Income - (IS)	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Net Income to Common Incl Extra Items	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Net Income to Common Excl. Extra Items	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Per Share Items
Net EPS - Basic	-823.72	-1.08K	-378.55	-416.09	-188.52
Basic EPS - Continuing Operations	-823.72	-1.08K	-378.55	-416.09	-188.52
Basic Weighted Average Shares Outstanding	6.34M	7.19M	13.47M	15.52M	15.74M
Net EPS - Diluted	-823.72	-1.08K	-379	-416.09	-293
Diluted EPS - Continuing Operations	-823.72	-1.08K	-379	-416.09	-293
Diluted Weighted Average Shares Outstanding	6.34M	7.19M	13.47M	15.52M	16.72M
Normalized Basic EPS	-513.16	-672.75	-236.82	-260.88	-116.66
Normalized Diluted EPS	-513.16	-672.75	-236.82	-260.88	-109.82
Supplemental Items
EBITDA	-3.96B	-4.92B	-4.78B	-6.11B	-4.3B
EBITA	-4.27B	-5.19B	-5.08B	-6.5B	-5.04B
EBIT	-4.56B	-5.52B	-5.37B	-6.76B	-5.27B
Effective Tax Rate - (Ratio)	-	-0.01	-	-	-
Normalized Net Income	-3.25B	-4.83B	-3.19B	-4.05B	-1.84B
Supplemental Operating Expense Items
Selling and Marketing Expenses	485M	607M	622M	632M	671M
Research And Development Expense From Footnotes	2.5B	2.36B	2.54B	3.34B	3.54B
Stock-Based Comp., SG&A Exp. (Total)	541M	459M	183M	24.28M	11.01M
Total Stock-Based Compensation	541M	459M	183M	24.28M	11.01M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.91B	235M	1.74B	3.01B	4.17B
Short Term Investments	10.27B	6.18B	17.5B	18.66B	18.44B
Total Cash And Short Term Investments	12.19B	6.41B	19.24B	21.67B	22.61B
Accounts Receivable, Total	241M	1.4B	824M	884M	2.54B
Other Receivables	170M	205M	289M	300M	265M
Total Receivables	410M	1.6B	1.11B	1.18B	2.81B
Inventory	1.58B	2.59B	3.25B	3.29B	2.18B
Prepaid Expenses	117M	111M	140M	195M	193M
Other Current Assets, Total	348M	90.83M	1.08B	2.08B	824M
Total Current Assets	14.64B	10.81B	24.82B	28.43B	28.61B
Gross Property Plant And Equipment	893M	1.24B	1.69B	2.53B	4.53B
Accumulated Depreciation	-425M	-710M	-1.03B	-1.23B	-1.97B
Net Property Plant And Equipment	469M	529M	653M	1.3B	2.56B
Long-term Investments	-	-	-	2.07B	2.14B
Other Intangibles, Total	187M	121M	91.48M	89.56M	76.67M
Accounts Receivable Long-Term	-370	-340	-	-270	-220
Deferred Charges Long-Term	963M	711M	459M	240M	38.78M
Other Long-Term Assets, Total	120M	214M	38.8M	19.03M	250M
Total Assets	16.38B	12.39B	26.07B	32.15B	33.68B
Liabilities
Accounts Payable, Total	63.6M	148M	170M	153M	229M
Accrued Expenses, Total	243M	289M	294M	391M	424M
Short-term Borrowings	2.7B	2.7B	2.7B	7.48B	9.34B
Current Portion of Leases	54.99M	134M	96.57M	200M	375M
Other Current Liabilities	6.5B	345M	892M	7.45B	2.89B
Total Current Liabilities	9.56B	3.61B	4.15B	15.68B	13.26B
Long-Term Debt	12.86B	-	-	-	-
Long-Term Leases	34.66M	9.98M	97.29M	120M	1B
Other Non Current Liabilities	40	139M	174M	213M	304M
Total Liabilities	22.45B	3.76B	4.42B	16.01B	14.57B
Preferred Stock Redeemable	4.33B	-	-	-	-
Total Preferred Equity	4.33B	-	-	-	-
Common Stock, Total	3.4B	6.21B	7.59B	7.83B	8.24B
Additional Paid In Capital	48.43M	24.04B	41.22B	42.32B	47.94B
Retained Earnings	-14.92B	-22.66B	-27.76B	-34.22B	-37.19B
Comprehensive Income and Other	1.06B	1.04B	599M	203M	116M
Total Common Equity	-10.41B	8.62B	21.64B	16.13B	19.12B
Total Equity	-6.08B	8.62B	21.64B	16.13B	19.12B
Total Liabilities And Equity	16.38B	12.39B	26.07B	32.15B	33.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.81M	12.41M	15.17M	15.65M	16.49M
ECS Total Common Shares Outstanding	6.81M	12.41M	15.17M	15.65M	16.49M
Book Value / Share	-1.53K	694.79	1.43K	1.03K	1.16K
Tangible Book Value	-10.6B	8.5B	21.55B	16.05B	19.04B
Tangible Book Value Per Share	-1.56K	685.06	1.42K	1.03K	1.15K
Total Debt	15.65B	2.84B	2.89B	7.8B	10.72B
Net Debt	3.46B	-3.57B	-16.35B	-13.87B	-11.89B
Equity Method Investments, Total	-	-	-	74.3M	-
Inventories - Raw Materials, Total	1.3B	2.3B	2.73B	2.64B	2.46B
Inventories - Finished Goods, Total	298M	378M	758M	1.16B	680M
Inventories - Others	-890	260	510	-850	-410
Land - (BS)	-	-	-	73.5M	71.74M
Buildings, Total	-	-	-	584M	570M
Machinery, Total	655M	841M	1.12B	1.22B	1.46B
Accumulated Allowance for Doubtful Accounts (Supple)	27.2M	27.2M	234M	168M	350M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-5.22B	-7.74B	-5.1B	-6.46B	-2.97B
Depreciation & Amortization - CF	313M	270M	303M	384M	732M
Amortization of Goodwill and Intangible Assets - (CF)	287M	327M	292M	260M	233M
Depreciation & Amortization, Total	600M	597M	595M	643M	966M
(Gain) Loss From Sale Of Asset	-	794K	7.71M	-20.53M	25.53M
(Gain) Loss on Sale of Investments - (CF)	-	-	-12.69M	-	3.86M
(Income) Loss On Equity Investments - (CF)	-	-	-	13.03M	12.36M
Stock-Based Compensation (CF)	-	459M	183M	24.28M	-72.77M
Provision and Write-off of Bad Debts	-	-	207M	-66M	182M
Other Operating Activities, Total	1.29B	2.52B	999K	825M	-1.53B
Change In Accounts Receivable	883M	-1.21B	310M	33.68M	-1.86B
Change In Inventories	-592M	-1.08B	-811M	-310M	660M
Change In Accounts Payable	-	84.23M	22.84M	-16.82M	76.73M
Change in Other Net Operating Assets	-233M	159M	-96.4M	-184M	627M
Cash from Operations	-3.27B	-6.21B	-4.69B	-5.52B	-3.88B
Capital Expenditure	-339M	-452M	-223M	-780M	-388M
Sale of Property, Plant, and Equipment	-	-	-	66.1M	4M
Divestitures	-	-	-	-	58.95M
Sale (Purchase) of Intangible assets	-342M	-42.66M	-9.92M	-118M	-22.02M
Investment in Marketable and Equity Securities, Total	-8.04B	4.09B	-11.31B	-3.25B	82.04M
Other Investing Activities, Total	460M	411M	-27.42M	150M	-201M
Cash from Investing	-8.26B	4.01B	-11.57B	-3.93B	-466M
Short Term Debt Issued, Total	-	1.6B	-	-	-
Long-Term Debt Issued, Total	-	-	800M	10B	-
Total Debt Issued	-	1.6B	800M	10B	-
Short Term Debt Repaid, Total	-	-1.6B	-	-	-
Long-Term Debt Repaid, Total	-527M	-150M	-971M	-226M	-498M
Total Debt Repaid	-527M	-1.75B	-971M	-226M	-498M
Issuance of Common Stock	484M	636M	17.92B	889M	6.02B
Issuance of Preferred Stock	3B	-	-	-	-
Other Financing Activities, Total	-20.67M	-	-10	-10	-10
Cash from Financing	2.94B	486M	17.75B	10.66B	5.52B
Foreign Exchange Rate Adjustments	13.55M	35.69M	21.59M	57.82M	-18.23M
Miscellaneous Cash Flow Adjustments	-10	10	-	-	-20
Net Change in Cash	-8.58B	-1.68B	1.51B	1.27B	1.16B
Supplemental Items
Cash Interest Paid	47.36M	79.92M	136M	107M	94.26M
Cash Income Tax Paid (Refund)	297K	19.18M	43.29M	94.12M	86.38M
Levered Free Cash Flow	-3.26B	-11.8B	-3.51B	541M	-7.68B
Unlevered Free Cash Flow	-2.49B	-10.85B	-3.42B	1.02B	-6.43B
Change In Net Working Capital	100M	7.97B	609M	-5.47B	3.7B
Net Debt Issued / Repaid	-527M	-150M	-171M	9.77B	-498M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-16.97	-23.97	-17.47	-14.51	-10.01
Return on Total Capital	-28.83	-32.77	-18.65	-17.42	-12.25
Return On Equity %	84.98	-607.44	-33.69	-34.2	-16.83
Return on Common Equity	62.82	866.5	-33.69	-34.2	-16.83
Margin Analysis
Gross Profit Margin %	27.87	20.51	30.71	17.64	34.46
SG&A Margin	74.05	87.22	84.07	81.36	41.91
EBITDA Margin %	-113.52	-122.21	-117.23	-129.04	-45.8
EBITA Margin %	-122.5	-128.92	-124.67	-137.14	-53.6
EBIT Margin %	-130.72	-137.03	-131.82	-142.62	-56.08
Income From Continuing Operations Margin %	-149.75	-192.25	-125.08	-136.37	-31.58
Net Income Margin %	-149.75	-192.25	-125.08	-136.37	-31.58
Net Avail. For Common Margin %	-149.75	-192.25	-125.08	-136.37	-31.58
Normalized Net Income Margin	-93.29	-120.13	-78.25	-85.5	-19.54
Levered Free Cash Flow Margin	-93.62	-293.29	-86.15	11.41	-81.78
Unlevered Free Cash Flow Margin	-71.37	-269.67	-83.95	21.47	-68.41
Asset Turnover
Asset Turnover	0.21	0.28	0.21	0.16	0.29
Fixed Assets Turnover	6.87	8.07	6.9	4.86	4.87
Receivables Turnover (Average Receivables)	5.11	4.91	3.67	5.55	5.48
Inventory Turnover (Average Inventory)	1.96	1.53	0.97	1.19	2.25
Short Term Liquidity
Current Ratio	1.53	2.99	5.98	1.81	2.16
Quick Ratio	1.32	2.22	4.9	1.46	1.92
Operating Cash Flow to Current Liabilities	-0.34	-1.72	-1.13	-0.35	-0.29
Days Sales Outstanding (Average Receivables)	71.44	74.28	99.46	65.98	66.58
Days Outstanding Inventory (Average Inventory)	186.18	237.94	377.38	306.77	162.06
Average Days Payable Outstanding	4.51	9.15	16.68	14.97	13.84
Cash Conversion Cycle (Average Days)	253.11	303.07	460.15	357.78	214.8
Long Term Solvency
Total Debt/Equity	-257.55	32.97	13.37	48.36	56.06
Total Debt / Total Capital	163.47	24.8	11.79	32.59	35.92
LT Debt/Equity	-212.21	0.12	0.45	0.74	5.25
Long-Term Debt / Total Capital	134.69	0.09	0.4	0.5	3.36
Total Liabilities / Total Assets	137.1	30.38	16.97	49.81	43.24
EBIT / Interest Expense	-3.67	-3.63	-37.55	-8.87	-2.62
EBITDA / Interest Expense	-3.19	-3.23	-33.39	-8.02	-2.14
(EBITDA - Capex) / Interest Expense	-3.46	-3.53	-34.95	-9.04	-2.34
Total Debt / EBITDA	-3.96	-0.58	-0.61	-1.28	-2.49
Net Debt / EBITDA	-0.88	0.73	3.42	2.27	2.76
Total Debt / (EBITDA - Capex)	-3.64	-0.53	-0.58	-1.13	-2.28
Net Debt / (EBITDA - Capex)	-0.81	0.66	3.27	2.01	2.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-25.51	15.48	1.27	16.21	98.39
Gross Profit, 1 Yr. Growth %	-36.15	-15.02	51.68	-33.26	287.54
EBITDA, 1 Yr. Growth %	96.76	24.32	-2.86	27.91	-29.58
EBITA, 1 Yr. Growth %	86.52	21.53	-2.07	27.84	-22.47
EBIT, 1 Yr. Growth %	81.73	21.05	-2.59	25.74	-21.99
Earnings From Cont. Operations, 1 Yr. Growth %	-17.64	48.25	-34.11	26.7	-54.06
Net Income, 1 Yr. Growth %	-17.64	48.25	-34.11	26.7	-54.06
Normalized Net Income, 1 Yr. Growth %	-12.49	48.7	-34.03	26.98	-54.66
Diluted EPS Before Extra, 1 Yr. Growth %	-18.11	30.71	-64.81	9.79	-29.57
Accounts Receivable, 1 Yr. Growth %	-78.57	480.33	-41.04	7.3	187.82
Inventory, 1 Yr. Growth %	59.9	64.37	25.15	1.48	-33.94
Net Property, Plant and Equip., 1 Yr. Growth %	-14.19	12.79	23.61	98.35	97.84
Total Assets, 1 Yr. Growth %	-4.73	-24.36	110.42	23.33	4.78
Tangible Book Value, 1 Yr. Growth %	66.3	-180.24	153.45	-25.55	18.67
Common Equity, 1 Yr. Growth %	67.68	-182.84	150.97	-25.45	18.48
Cash From Operations, 1 Yr. Growth %	12.76	89.75	-24.45	17.59	-29.63
Capital Expenditures, 1 Yr. Growth %	30.02	33.26	-50.59	249.55	-50.28
Levered Free Cash Flow, 1 Yr. Growth %	-	261.78	-70.26	-115.4	-1.52K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	336.3	-68.47	-129.72	-732.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-7.25	8.14	8.48	51.84
Gross Profit, 2 Yr. CAGR %	-	-26.34	13.53	0.61	60.82
EBITDA, 2 Yr. CAGR %	-	56.4	9.89	11.47	-5.09
EBITA, 2 Yr. CAGR %	-	50.56	9.09	11.89	-0.44
EBIT, 2 Yr. CAGR %	-	48.32	8.59	10.67	-0.96
Earnings From Cont. Operations, 2 Yr. CAGR %	-	10.5	-1.17	-8.63	-23.71
Net Income, 2 Yr. CAGR %	-	10.5	-1.17	-8.63	-23.71
Normalized Net Income, 2 Yr. CAGR %	-	14.07	-0.96	-8.48	-24.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-	3.46	-32.17	-37.84	-12.07
Accounts Receivable, 2 Yr. CAGR %	-	11.52	84.97	-20.47	75.73
Inventory, 2 Yr. CAGR %	-	62.12	43.43	12.69	-18.13
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-1.62	18.08	56.59	98.1
Total Assets, 2 Yr. CAGR %	-	-15.11	26.16	61.09	13.68
Tangible Book Value, 2 Yr. CAGR %	-	15.52	42.61	37.37	-6.01
Common Equity, 2 Yr. CAGR %	-	17.86	44.19	36.78	-6.02
Cash From Operations, 2 Yr. CAGR %	-	46.27	19.73	-5.74	-9.03
Capital Expenditures, 2 Yr. CAGR %	-	31.63	-18.86	31.41	31.83
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	3.74	-78.6	47.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	17.28	-69.39	37.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-4.5	10.77	32.66
Gross Profit, 3 Yr. CAGR %	-	-	-6.29	-4.9	57.71
EBITDA, 3 Yr. CAGR %	-	-	33.44	15.6	-4.35
EBITA, 3 Yr. CAGR %	-	-	30.45	15.01	-0.99
EBIT, 3 Yr. CAGR %	-	-	28.93	14.03	-1.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-7	7.36	-27.35
Net Income, 3 Yr. CAGR %	-	-	-7	7.36	-27.35
Normalized Net Income, 3 Yr. CAGR %	-	-	-4.96	7.59	-27.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-27.77	-20.36	-35.2
Accounts Receivable, 3 Yr. CAGR %	-	-	-9.83	54.26	22.11
Inventory, 3 Yr. CAGR %	-	-	48.72	27.8	-5.69
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	6.16	40.36	69.28
Total Assets, 3 Yr. CAGR %	-	-	14.89	25.21	39.57
Tangible Book Value, 3 Yr. CAGR %	-	-	50.11	14.83	30.83
Common Equity, 3 Yr. CAGR %	-	-	51.63	15.73	30.39
Cash From Operations, 3 Yr. CAGR %	-	-	17.36	19.01	-14.49
Capital Expenditures, 3 Yr. CAGR %	-	-	-5.05	32.03	-4.95
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-45.08	-13.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-25.79	-16.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	14.97
Gross Profit, 5 Yr. CAGR %	-	-	-	-	16.31
EBITDA, 5 Yr. CAGR %	-	-	-	-	16.44
EBITA, 5 Yr. CAGR %	-	-	-	-	17.08
EBIT, 5 Yr. CAGR %	-	-	-	-	16.02
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-14.08
Net Income, 5 Yr. CAGR %	-	-	-	-	-14.08
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-13.15
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-21.86
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	17.76
Inventory, 5 Yr. CAGR %	-	-	-	-	17.13
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	36.25
Total Assets, 5 Yr. CAGR %	-	-	-	-	14.4
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	24.47
Common Equity, 5 Yr. CAGR %	-	-	-	-	25.22
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	5.99
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	8.27