Inswave Systems Co., Ltd.

450520 · KQ · Technology / Information Technology Services

1,418.00KRW+12.00 (+0.85%)

Price History

Full chart

Market Stats

Previous Close1,406.00

Open1,415.00

Day Range1,414.00 – 1,454.00

52-Week Range1,350.00 – 4,090.00

Volume30.04K

Market Cap27.60B

P/E (TTM)0.00

Forward P/E0.00

Dividend Yield0.00%

Beta0.62

50-Day Avg1,874.24

200-Day Avg2,619.09

About

Inswave Co., Ltd. provides standard web UI/UX tool in South Korea. The company offers WebSquare, a standard web UI platform; and ProWorks, an application lifecycle management framework to manage the entire processes of enterprise systems from development to maintenance. It also provides application framework, SI/SD/SM, business package, and consulting outsourcing services. The company was formerly known as Inswave Systems Co., Ltd. and changed its name to Inswave Co., Ltd. in March 2025. The company was founded in 2002 and is based in Seoul, South Korea.

Company Details

SectorTechnology
IndustryInformation Technology Services
CEOSe Ryong Eo
Employees178
HeadquartersAnchor One, Seoul, South Korea, 07339, Korea
Websitehttps://www.inswave.com

Leadership

Se Ryong EoChief Executive Officer

Financials

Income Statement

Currency: KRW	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	32.61B	43.63B	32.60B	30.41B	38.96B
Growth (%)	-	+33.80%	-25.27%	-6.72%	+28.10%
Cost of Revenue	20.24B	27.08B	16.55B	19.30B	25.73B
Gross Profit	12.37B	16.55B	16.06B	11.12B	13.23B
Gross Margin	37.93%	37.94%	49.25%	36.55%	33.95%
Operating Expense	8.07B	9.54B	10.88B	14.71B	18.08B
Operating Income	4.30B	7.01B	5.18B	-3.59B	-4.86B
Operating Margin	13.19%	16.07%	15.89%	-11.82%	-12.46%
EBITDA	-	7.41B	6.16B	-1.03B	-2.07B
EBITDA Margin	-	16.99%	18.88%	-3.40%	-5.32%
Net Income	4.42B	5.39B	4.72B	-1.96B	-3.48B
Net Income Margin	13.56%	12.36%	14.48%	-6.45%	-8.92%
R&D	2.03B	2.81B	3.30B	5.92B	5.78B
R&D as % of Total Revenue	6.23%	6.44%	10.12%	19.45%	14.84%
Interest Expense	263.15M	603.07M	403.74M	441.96M	394.85M
Interest Expense % of Total Revenue	0.81%	1.38%	1.24%	1.45%	1.01%

Balance Sheet

Currency: KRW	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	29.53B	32.25B	57.02B	55.42B	52.75B
Total Liabilities	22.80B	17.05B	11.03B	11.42B	12.24B
Total Equity	6.73B	15.20B	45.99B	44.00B	40.51B
Cash	7.62B	5.59B	13.18B	19.16B	7.10B
Net Debt	-	827.85M	-	-	-

Cash Flow

Currency: KRW	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	3.31B	-90.84M	3.70B	-4.52B	-8.40B
Investing Cash Flow	-	-1.38B	-14.85B	16.21B	-
Financing Cash Flow	-	-551.27M	18.73B	-5.78B	-
Capital Expenditure	7.13B	272.72M	435.73M	3.95B	846.76M
Free Cash Flow	-3.82B	-363.55M	3.27B	-8.48B	-9.25B
FCF to OCF	-115.13%	400.22%	88.24%	187.45%	110.08%

Earnings

Report Date	Sep 30, 2023	Dec 31, 2023	Mar 31, 2024	Jun 30, 2024	Sep 30, 2024	Dec 31, 2024	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	16.32	292.40	-101.08	-71.91	35.72	3.96	-193.55	-39.77	-69.01	65.90	-152.55	9.17
Surprise	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap27.60B

Enterprise Value21.67B

Trailing P/E0.00

Forward P/E0.00

Price / Sales0.57

Price / Book0.73

Revenue (TTM)48.06B

Gross Profit (TTM)14.68B

EBITDA-1.14B

Profit Margin-4.48%

Operating Margin-0.84%

Return on Equity-5.46%

Return on Assets-3.98%

Shares Outstanding14.70M

Shares Float5.57M

Beta0.62

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Stock Splits

Jun 28, 20243:1