Fact Summary
ALT Inc. (459550) is a KOSDAQ-listed company that supplies mobile devices such as kids' phones and senior phones to SK Telecom, KT, and LG Uplus, while also supplying IPTV set-top boxes. Per its H1 2026 semi-annual report, it recorded revenue of KRW 26.4bn, an operating loss of KRW 1.58bn, and a net loss of KRW 0.87bn (DART filing No. 20260814004045). Per its FY2025 annual report, annual revenue was KRW 112.95bn, operating profit KRW 8.97bn, and net income KRW 5.08bn, all down from 2024 (DART filing No. 20260323000960). The closing price on 2026-08-14 was KRW 2,575, up +29.98% from the previous close (KRW 1,981), with trading volume of 24,126,347 shares (Toss Securities Open API).
Change Context Note
No official disclosure or press release directly explaining the 2026-08-14 surge has been identified; unofficial community discussion of a possible commercialization of robot HRI technology lacks a clear primary source. Over the cumulative 21 trading days (2026-07-16 to 2026-08-14), net buying by individual investors (+974,472 shares) and net selling by institutions and foreign investors (-377,671 shares / -617,551 shares) were observed (based on alphasquare data, an unreconciled estimate not cross-checked against official KRX figures).
Business Overview
ALT Inc. (brand name 'MIVE'), founded in 2017, is a mobile device manufacturer that supplies kids' phones and senior phones to Korea's three major telecom carriers — SK Telecom, KT, and LG Uplus. It also supplies Android TV-based IPTV set-top boxes to major domestic corporations and is pursuing new businesses including an LLM-based AI set-top box and a robot HRI (Human-Robot Interaction)-based senior care robot. The company is also expanding overseas through its US and Japan subsidiaries, supplying the folding smartphone 'MIVE Keisma' in Japan through KDDI (Source: edaily; ALT/MIVE IR materials at altmive.com; research date 2026-08-15).
On 2025-10-28, the company changed its name from 'A.L.T' to 'ALT', and listed on KOSDAQ on 2025-11-17 through a merger with IBKS No.21 SPAC (merger reference price KRW 4,870).
| Date | Details |
|---|---|
| 2026-06-08 | Announced decision to acquire treasury shares worth KRW 3bn |
| 2026-05-29 | Entered Japan's MNO market, supplying folding smartphones through KDDI |
| 2026-05-18 | Obtained US patent for senior/kids care platform technology |
| 2026-04-08 | 'MIVE Keisma' gains traction in the Japanese market |
| 2026-03-11 | Participated in MWC 2026 |
| 2026-02-23 | Entered the Japanese smartphone market with the launch of 'MIVE Keisma' |
| 2026-01-12 | Expanded senior care robot business based on HRI technology |
5-Year Financial Trend
Following a period of high growth and profitability in 2023-2024, both revenue and profitability slowed starting in 2025, and in H1 2026 the company swung to an operating loss of KRW 1.58bn and a net loss of KRW 0.87bn (official data, DART filing No. 20260814004045). The specific cause of the slowdown could not be confirmed in the original disclosures and remains unavailable.
Valuation
Because the company swung to a net loss in H1 2026, PER cannot be calculated on a trailing-quarter basis. EV/EBITDA is unavailable, as inputs such as depreciation are not present in the confirmed data. Web research (Valueline, as of 2025-12) shows a PER of 18.51x and PBR of 1.95x, but since the price reference date differs (presumed inconsistent with the 2026-08-14 closing price), these are noted only as reference figures.
Competitive Landscape
| Business Segment | ALT's Position | Key Comparators |
|---|---|---|
| Kids'/Senior Phones | Supplies finished MIVE-branded devices to the three major telecom carriers | Samsung Electronics (Galaxy Buddy, Jump), Infomark (wearable kids' phone JOON) |
| IPTV Set-Top Box | Supplies Android TV-based set-top boxes to major corporations | Gaon Group (078890; FY2025 revenue KRW 517.55bn, operating profit KRW 12.53bn, turned profitable) |
| Care Robot / AI Set-Top Box | Early-stage commercialization | No directly comparable listed competitor identified |
In terms of revenue scale, Gaon Group (KRW 517.55bn) is roughly 4.6 times ALT's FY2025 total company revenue (KRW 112.95bn), but since ALT's set-top box segment revenue is not separately disclosed, a direct segment-level comparison is limited. Infomark was not compared due to a lack of up-to-date financial data.
Supply and Demand
Aggregation period 2026-07-16 to 2026-08-14 (21 trading days) · Based on alphasquare.co.kr; an estimate not cross-checked against official KRX data (C)
The short selling ratio on the reference date (08-14) was 0.24%, on the lower end for the past month, and over the cumulative 21 trading days, individuals were net buyers while institutions and foreign investors were net sellers. Securities lending balances and daily foreign ownership trends are unavailable.
Governance and Capital Structure
| Date | Event |
|---|---|
| 2025-11-17 | Listed on KOSDAQ via merger with IBKS No.21 SPAC (total shares outstanding: 23,798,764) |
| 2026-05-14 | Board resolved a rights offering via small-scale public offering (Capital Markets Act §130; number of new shares and proceeds unavailable) |
| 2026-06-05 | Entered into a treasury share acquisition trust agreement (KRW 3bn, contract term through 2026-12-07) |
| 2026-06-12 | Disclosed a 65,000-share increase in CEO Lee Sang-su's holdings (4,048,260 → 4,113,260 shares; ownership ratio declined from 17.01% to 16.31%) |
| 2026-08-14 | Total shares outstanding: 25,220,761 (as of 2026-06-30; up approx. 1.42 million shares from listing) |
Since listing (2025-11-17), total shares outstanding have increased by approximately 1.42 million shares (about +6%), and a rights offering via small-scale public offering was disclosed on 5/14 during that period; however, since the number of new shares and proceeds are unavailable in the original disclosure, it cannot be confirmed whether this matches the increase. BDC Partners (13.21%) and Crossroad No.6 Private Equity Fund (8.52%), which held 5%+ stakes at the time of listing, are absent from the 2026-08-14 shareholder list, while Choi Hyuk (7.93%) newly appears; the timing and circumstances of these ownership changes are unavailable. Subsidiaries include Buddy & Co, ALT JAPAN, and ALT AMERICA (each 100% owned, as of 2025-12).
Macro Environment
| Factor | Value as of Reference Date | Transmission Channel (Fact-Based) |
|---|---|---|
| KRW/USD Exchange Rate | Approx. KRW 1,416.5 (2026-08-14) | Imported semiconductor components make up part of finished product costs — a weaker won represents a cost-burden channel (offsetting export effect is unclear due to unavailable export share data) |
| US 10-Year Treasury Yield | 4.68-4.70% (2026-08-14) | Theoretically represents a rising-discount-rate channel for growth stock valuations; the actual 8/14 price move was dominated by company-specific factors |
| US Fed Funds Rate | 3.50-3.75% (held on 2026-07-29) | Indirect effect on financing costs for small-cap KOSDAQ stocks; neutral given the hold stance |
| Bank of Korea Base Rate | 2.75% (held since a July 2026 hike) | May pose a mild burden on margin financing/leverage capacity for small-cap growth stocks (weak intensity) |
| KOSDAQ Composite Index | 874.05 (2026-08-14, +1.47%) | The index gain provides a favorable backdrop for individual theme-stock demand; ALT's move (+29.98%) far exceeded the index gain |
The SOX (Philadelphia Semiconductor Index) appears to have low direct relevance, given ALT's position as an assembler and consumer of semiconductor components rather than a producer.
Recent Developments
Despite repeated searches, no official disclosure or press release directly explaining the 2026-08-14 closing price of KRW 2,575 (+29.98%), trading volume of 24,126,347 shares, and trading value of KRW 56.835bn has been identified. The closest confirmed disclosure-type event is the 2026-06-05 treasury share acquisition trust agreement (KRW 3bn) from about two months earlier, and a direct causal link to the 8/14 surge is not supported by the facts. Unofficial community sources mention a possible commercialization discussion with an overseas partner regarding robot HRI technology, but this cannot be confirmed as fact due to an unclear primary source.
Risk Factors
Theme Relevance
Fact Highlights
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Generated by FomoLog Agent · Data sources: Korea Exchange (KRX) · DART