Noul Co Ltd.

Noul Co Ltd.

KKRX:376930
1,285.00
KRW
+32.00
(+2.55%)
179.01BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
20.54
94.12
11.39
94.47
40.13
135.78
- -
Basic EPS, GAAP
-1.5
-624.2
-785.5
-287.56
-564
-563.08
-529
- -
Free Cash Flow per Basic Share
-1.09
-686.52
-707.2
-353.27
-535.24
-510.5
-620.62
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-257.82
-711.86
104.56
497.47
1,163.53
545.87
500.71
320.44
Tangible Book Value per Share
-264.18
-722.62
93.97
486.3
1,158.92
542.6
446.93
275
Basic Weighted Avg Shares
3,993
14
16
48
29
40
38
38
Sales/Revenue/Turnover
- -
295
1,475
542
2,734
1,601
5,122
- -
Operating Margin (%)
- -
-2,460.81
-775.29
-2,884.82
-590.33
-1,423.37
-392.03
- -
Depreciation Expense
383
905
1,224
1,710
1,870
1,989
2,177
- -
Net Income, GAAP
-5,989
-8,973
-12,313
-13,680
-16,321
-22,469
-19,955
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-3,039.09
-834.61
-2,524.55
-597
-1,403.05
-389.6
- -
Working Capital
804
7,364
-477
7,611
21,010
19,699
23,696
14,587
LT Debt
46
1,171
2,910
5,294
4,839
4,655
1,295
1,091
Total Equity
-4,579
-12,643
1,857
11,396
42,989
20,168
25,682
16,436
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-206.45
-60.02
-71.15
-87.04
- -

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,826
2,173
2,773
LT Borrowings
- -
- -
- -
LT Finance Leases
1,295
1,193
1,091
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
503,937
413,665
179,007

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
31,834
22,979
19,287
Cash, Cash Equivalents & STI
23,120
13,749
10,436
Accounts Receivable, Net
3,397
3,777
4,010
Inventories
4,562
4,784
4,358
Total Current Liabilities
8,138
4,191
4,700
Payables & Accruals
- -
- -
- -
ST Debt
5,826
2,173
2,773
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
130.09%
27.34%
Free Cash Flow
- -
20.51%
14.92%
Net Income, GAAP
- -
18.82%
-11.19%
Sales/Revenue/Turnover
- -
183.86%
219.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29
175
1,359
38
1,601
2025
1,393
1,401
- -
1,245
5,122
2026
322
1,008
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-106.16
-193.56
-106.5
-824.92
-563.08
2025
-108.36
-133.36
- -
-617.58
-529
2026
-90.82
-91
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Chan-Yang Lim
Full Time Employees
130
Sector
Technology services
Industry
Packaged software
Address
Yongin-si South Korea
IPO Date
Mar 3, 2022
Website
noul.com
Business
Noul Co., Ltd. is a South Korea-based medical artificial intelligence and in vitro diagnostics company that specializes in the development and commercialization of integrated, decentralized diagnostic platforms for blood analysis and cancer screening. Founded in 2015 and headquartered in Yongin-si, Gyeonggi-do, South Korea, the company operates within the biotechnology, digital healthcare, and medical device sectors, supplying clinical laboratories, hospitals, outpatient medical centers, decentralized healthcare facilities, and global health organizations across the Asia-Pacific, European, Latin American, Middle Eastern, and African markets. The company's proprietary technology is built upon the miLab (Micro-Intelligent Laboratory) ecosystem, an automated, cartridge-based benchtop diagnostic platform that integrates Next-Generation Staining and Immunostaining (NGSI) solid-state hydrogel stamping technology with embedded artificial intelligence optical analysis, eliminating the need for liquid reagents, manual washing steps, or traditional laboratory infrastructure. The company manufactures, markets, and distributes specialized hardware, single-use consumable test cartridges, and diagnostic software suites, including: the miLab Platform, an automated optical imaging and sample processing diagnostic device; the miLab MAL Cartridge, an in vitro diagnostic solution for automated malaria parasite detection, species identification, and parasitemia level quantification; the miLab BCM Cartridge, an automated peripheral blood smear analysis system providing white blood cell differential counts, red blood cell morphological analysis, and platelet estimation; the miLab CER Cartridge, an automated cervical cytology diagnostic solution for liquid-based cervical cancer screening aligned with the Bethesda reporting system; and proprietary diagnostic consumables, digital pathology software modules, and data management tools for decentralized hematology and cytology workflows. In recent developments, Noul Co., Ltd. has accelerated its international commercial expansion and advanced its clinical pipeline through strategic regulatory achievements, global distribution agreements, and public health alliances. The company has secured CE-IVD and CE-IVDR regulatory certifications across the European Union for its miLab platform and diagnostic cartridge portfolio, enabling market penetration into key European regions including Germany, Italy, Spain, and Poland through dedicated distributor networks. Noul has also deepened its participation in international public health initiatives through grant awards and joint validation studies supported by the RIGHT Foundation to deploy automated malaria diagnostic systems in high-burden, resource-limited regions. Furthermore, the company has expanded its oncology pipeline toward automated breast cancer tissue analysis, established regional commercial support operations in Europe, and executed multiple regional supply contracts across Latin America and the Middle East to broaden the global deployment of its AI-driven decentralized diagnostic solutions.