i3system, Inc.

i3system, Inc.

KKRX:214430
69,200.00
KRW
+3,000.00
(+4.53%)
2,365.13EPS
25.65P/E
447.20BMarket Cap
Nov 18Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5,496.13
6,664.79
7,724.03
10,325.65
9,952.7
7,497.36
9,566.05
11,493.08
12,082.19
17,513.05
17,386.69
17,579.46
18,372.08
Basic EPS, GAAP
935
1,111.5
1,111.06
1,388.31
1,408
26
433
484
891
1,810
2,156
2,657
2,385.62
Free Cash Flow per Basic Share
-1,311.95
301.39
-1,539.64
847.77
1,799.33
-1,291.15
4,042.77
-2,610.4
-672.09
2,075.03
404.84
557.75
-729.92
Dividend per Share
- -
- -
200.25
222.77
264.6
271.71
70.31
100.05
100
200
349.88
392.67
- -
Book Value per Share
3,258.89
7,672.85
8,296.99
9,333.23
10,126.68
9,880.26
10,180.46
10,547.23
11,327.67
12,933.52
15,224.83
19,122
19,855.79
Tangible Book Value per Share
2,854.25
7,419.88
8,174.24
9,257.4
10,067.91
9,831.12
10,140.43
10,511.54
11,280.81
12,887.71
15,182.05
19,081.57
19,806.93
Basic Weighted Avg Shares
6
6
7
7
7
7
7
7
7
7
7
7
7
Sales/Revenue/Turnover
30,914
38,982
51,110
69,608
69,165
51,862
66,532
79,723
83,846
121,539
120,702
124,276
132,711
Operating Margin (%)
15.07
13.13
11.83
13.25
13
-4.62
1.16
1.77
6.78
10.04
12.23
13.24
12.93
Depreciation Expense
3,366
3,215
3,324
4,826
4,727
5,028
5,703
5,987
4,472
4,770
5,159
4,642
5,461
Net Income, GAAP
5,259
6,501
7,352
9,359
9,785
180
3,012
3,357
6,183
12,561
14,967
18,783
17,233
Effective Tax Rate (%)
- -
3.3
- -
- -
- -
- -
- -
- -
0.59
5.53
8.59
1.44
3.86
Profit Margin (%)
17.01
16.68
14.38
13.45
14.15
0.35
4.53
4.21
7.37
10.34
12.4
15.11
12.99
Working Capital
10,671
33,186
26,013
33,241
41,221
34,355
44,409
32,646
38,507
48,411
74,458
99,177
102,173
LT Debt
8,661
6,033
6,058
4,907
3,641
5,583
4,138
2,225
3,807
2,139
10,063
8,274
8,161
Total Equity
21,846
50,934
55,482
63,684
70,790
69,040
70,697
73,243
78,660
89,808
105,686
139,729
145,090
Return on Invested Capital (%)
- -
10.5
- -
- -
- -
- -
- -
- -
6.97
12.86
12.77
12.18
11.61
Return on Capital (%)
- -
14.7
- -
- -
- -
- -
- -
- -
7.67
14.12
14.25
14.48
12.34
Return on Common Equity (%)
- -
17.93
13.82
15.71
14.56
0.26
4.31
4.67
8.14
14.92
15.31
15.31
13.13

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
721
640
515
LT Borrowings
8,260
8,210
8,161
LT Finance Leases
13
5
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
559,002
655,457
447,202

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
131,976
137,355
143,205
Cash, Cash Equivalents & STI
59,079
61,698
60,445
Accounts Receivable, Net
8,576
8,403
15,727
Inventories
59,667
64,010
63,969
Total Current Liabilities
32,800
40,874
41,031
Payables & Accruals
- -
- -
- -
ST Debt
721
640
515
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.99%
15.01%
32.21%
Free Cash Flow
-198.91%
-137.52%
40.29%
Net Income, GAAP
176.47%
48.69%
25.5%
Sales/Revenue/Turnover
14.22%
14.45%
2.96%
Total Cash Common Dividend
- -
- -
14.29%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31,702
29,927
29,121
29,929
120,702
2025
38,107
25,305
32,388
28,475
124,276
2026
32,371
39,476
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
578
564
390
625.35
2,156
2025
811
662
470
720.8
2,657
2026
669.56
524
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
349.88
2025
- -
- -
- -
- -
392.67
2026
- -
- -
- -
- -
- -

Company Description

CEO
Han Jung
Full Time Employees
507
Sector
Health technology
Industry
Medical specialties
Address
Daejeon South Korea
IPO Date
Jul 30, 2015
Business
i3system, Inc. is a South Korea-based technology company that specializes in the research, design, development, and manufacturing of high-performance infrared imaging detectors, thermal imaging modules, and direct-conversion digital X-ray sensors for defense, aerospace, industrial, and commercial applications. Founded in 1998 and headquartered in Daejeon, South Korea, the company operates as the primary indigenous supplier of military-grade cooled infrared focal plane assemblies for South Korean defense weapon systems and provides specialized thermal and optical sensing solutions to original equipment manufacturers, defense contractors, industrial inspection providers, and medical device developers across Asia, Europe, North America, and the Middle East. The company's core product and service offerings encompass cooled infrared detectors, including Indium Antimonide and Type-II Superlattice High Operating Temperature mid-wave infrared and long-wave infrared sensor engines under the MARKOS, Super MARKOS, and LUKAS series for anti-tank precision-guided munitions, surface-to-air missile systems, main battle tank fire control systems, armored fighting vehicle sighting platforms, and airborne electro-optical targeting systems; uncooled infrared detectors, comprising vanadium oxide and amorphous silicon microbolometer focal plane arrays available in QVGA, VGA, and XGA resolutions with pixel pitches down to 12 micrometers for security surveillance, handheld thermography, autonomous driving night-vision, industrial monitoring, robotics, and unmanned aerial vehicle payloads; commercial thermal imaging cameras and original equipment manufacturer core modules marketed under the Thermal Expert brand, including standalone and mobile-compatible cameras such as the TE-Q1, TE-V1, and TE-SQ1, as well as integrated engine cores including the TE-EX2, TE-EV2, and TE-EQ2 series for building diagnostics, electrical facility inspection, non-destructive testing, and veterinary healthcare; short-wavelength infrared detectors, incorporating Indium Gallium Arsenide sensors for semiconductor inspection, hyperspectral imaging, solar cell evaluation, and anti-counterfeiting verification; direct-conversion flat-panel X-ray detectors under the XID series for dental panoramic radiography, medical diagnostic imaging, and industrial non-destructive testing; and aerospace electro-optical payloads, including space-qualified infrared focal plane units and optical assemblies designed for Earth observation satellites and environmental monitoring platforms. In recent operational and strategic developments, i3system, Inc. has expanded its manufacturing footprint through the construction and commercial commissioning of a new production facility in the Dungok district of Daejeon, investing approximately KRW 18 billion to scale automated fabrication and packaging capacity for uncooled infrared detectors to meet growing commercial and dual-use defense demand. The company has also achieved significant international market growth driven by expanding export programs for South Korean defense platforms, integrating its thermal sensor assemblies into combat vehicles and precision-guided missile systems exported to international clients across Europe and the Middle East, with export shipments accounting for nearly half of total corporate revenues. In product innovation, i3system, Inc. has advanced the commercialization of its next-generation Type-II Superlattice High Operating Temperature infrared detectors, including the Super MARKOS series, which operate at higher cryogenic temperatures to reduce SWaP (size, weight, and power) overhead and maintenance costs in long-range tactical surveillance systems. Additionally, the company has broadened its aerospace business through contract engagements for satellite-mounted electro-optical sensor assemblies, strengthening its capabilities across defense, industrial, and space-based optoelectronic markets.