FADU is showing weakness in early trading on the 12th. This is interpreted as a decline in investor sentiment due to news that last year's operating loss widened.
As of 9:27 a.m. on this day, FADU is trading at 14,140 won, down 620 won (4.20%) from the previous trading day.
After the market closed the previous day, semiconductor design corporations FADU disclosed that it recorded sales of 43.5 billion won last year, an increase of 93.6% compared to the previous year. The operating loss increased from 58.5 billion won last year to 95 billion won, a rise of 62.3%. The net loss for the period also worsened by 61.0% to 91.5 billion won.
FADU noted, "The increase in research personnel and rising expenses related to new product development have led to a rise in general development expenses, resulting in a decrease in operating profit," and "One-time costs increased due to inventory valuation losses of NAND and controllers in the fourth quarter of last year."
It added, "The recovery in demand for enterprise solid-state drives (SSD) has started due to the expanded investments by global data center corporations and inventory depletion, and with the rise in the won to U.S. dollar exchange rate, foreign exchange gains increased, leading to higher non-operating revenue."