A KRW 1.36 billion equipment deal helped trigger a price-limit surge, but the company still reports an operating loss. To assess Teraview’s AI-chip promise, separate the size of this order from the prospect of repeat sales.
【Market snapshot】KRW 4,355 (+30.00%) at 16:21 KST on Sep 29, 2026, with roughly 8.74 million shares traded, KRW 35.7 billion turnover and KRW 155.5 billion market capitalization. This precedes the final 20:00 close. 【Catalyst】Teraview disclosed an EOTPR inspection-equipment contract with US-based Covalent Metrology. The KRW 1.36146 billion amount equals 17.39% of recent annual sales, with a term from Sep 25, 2026, to Jan 20, 2027. The system uses terahertz waves for nondestructive inspection of semiconductor packages. The company said an existing global AI-chip customer requested adoption through an outside inspection partner, but did not name the ultimate customer. 【Financials】For the fiscal year ended Apr 2026, consolidated revenue was KRW 7.83 billion against an operating loss of KRW 9.33 billion. Assets were KRW 41.80 billion, liabilities KRW 10.01 billion and equity KRW 31.79 billion. Short-term financial assets were KRW 32.83 billion and cash equivalents KRW 1.31 billion. P/E is not meaningful with losses; reported P/B was 4.87 at the snapshot. 【Risks】The order is evidence of commercialization, but its value is less than 1% of the then market cap. Repeat orders and narrowing losses matter. The ultimate AI client is unnamed and follow-on business is not secured. The 52-week range of KRW 1,700–20,800 signals volatility; short-term overheating and warning notices were issued earlier in September. 【Sources】Contract filing https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260928900230 FY2026 annual report https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260819000383 Npay quote https://stock.naver.com/domestic/stock/950250/price For information only, not investment advice.