1. What Happened with MIQUBESOLUTIONS?

MIQUBESOLUTIONS reported revenue of ₩7.4B, operating loss of ₩0.2B, and net income of ₩0B for Q2 2025. Beating market expectations on operating and net income is a positive sign, but the year-over-year revenue decline is a concern.

2. Why the Change in Performance?

  • Positive Factors:

    • Growth of the smart factory market and government support
    • Strengthening technological competitiveness in AI and digital twin
    • Improved cash flow from operating activities
  • Negative Factors:

    • Continued decline in revenue (TC and AI sales decrease)
    • Continued operating losses (increased SG&A expenses)
    • Cash outflow from investment activities
    • Intensifying competition

3. What’s Next for MIQUBESOLUTIONS?

In the short term, exceeding market expectations could create upward momentum for the stock price, but the declining revenue remains a burden. Long-term growth potential exists within the expanding smart factory market, but profitability improvement and investment efficiency are key. Sensitivity to macroeconomic changes should also be considered.

4. What Should Investors Do?

Investors considering MIQUBESOLUTIONS should pay attention to the following:

  • Confirmation of revenue recovery and return to profitability in future earnings announcements
  • Analysis of new solution market response and competitiveness against competitors
  • Consideration of the impact of macroeconomic variables
  • Focus on fundamental changes rather than short-term stock price fluctuations