MONITORAPP CO., LTD.

MONITORAPP CO., LTD.

KKRX:434480
2,985.00
KRW
+345.00
(+13.07%)
166.77EPS
14.36P/E
28.73BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
71,539.55
1,702.08
1,729.98
1,326.84
1,268.68
1,614.01
1,795.71
Basic EPS, GAAP
1,554
315
88
-128
177
56
169.17
Free Cash Flow per Basic Share
6,679.36
65.92
177.02
148.36
-373.04
53.52
-67.74
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
55.09
205.71
1,167.45
3,046.59
3,189.8
3,242.78
3,264.08
Tangible Book Value per Share
50.41
205.37
1,159.73
3,038.74
3,182.08
2,986.56
3,006.87
Basic Weighted Avg Shares
- -
7
8
11
12
12
12
Sales/Revenue/Turnover
10,730
12,117
14,135
14,187
14,909
19,169
21,202
Operating Margin (%)
5.29
14.53
8.03
0.05
-4.32
4.92
5.87
Depreciation Expense
703
433
524
530
602
766
909
Net Income, GAAP
233
2,242
719
-1,369
2,080
665
1,997
Effective Tax Rate (%)
- -
6.47
10.06
- -
- -
- -
4.33
Profit Margin (%)
2.17
18.51
5.09
-9.65
13.95
3.47
9.42
Working Capital
-1,231
-153
14,472
36,479
23,804
21,828
19,242
LT Debt
615
316
95
27
201
2,816
2,133
Total Equity
608
2,425
13,763
35,375
37,526
38,479
38,586
Return on Invested Capital (%)
- -
45.26
10.51
- -
- -
- -
3.06
Return on Capital (%)
- -
68.83
10.86
- -
- -
- -
5.87
Return on Common Equity (%)
- -
145.87
8.88
-5.57
5.71
1.75
5.3

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
263
234
249
LT Borrowings
2,711
2,092
2,063
LT Finance Leases
105
106
70
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
46,635
38,715
28,726

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
29,300
26,530
23,938
Cash, Cash Equivalents & STI
23,517
22,353
17,599
Accounts Receivable, Net
4,209
2,071
3,366
Inventories
1,234
1,783
2,220
Total Current Liabilities
7,471
6,585
4,696
Payables & Accruals
- -
- -
- -
ST Debt
263
234
249
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
186.38%
2.54%
Free Cash Flow
- -
-65.23%
-114.5%
Net Income, GAAP
- -
36.75%
-68.03%
Sales/Revenue/Turnover
- -
12.72%
28.57%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,038
3,522
3,411
4,939
14,909
2025
3,430
3,805
5,109
6,824
19,169
2026
3,639
5,629
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3
64
-6
121.3
177
2025
-25
-45
53.18
73.62
56
2026
-41.43
84
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Kwang-Hoo Lee
Full Time Employees
108
Sector
Technology services
Industry
Information technology services
Address
Seoul South Korea
IPO Date
May 19, 2023
Business
MONITORAPP CO., LTD. is a South Korea-based cybersecurity company that specializes in application security, network protection, and cloud-delivered Security-as-a-Service (SECaaS) platforms. Founded in 2005 and headquartered in Seoul, South Korea, the company designs, develops, and delivers proprietary hardware appliances, virtual appliances, and cloud-native cybersecurity solutions powered by its Application Insight Operating System (AIOS) and high-performance proxy engine. The company serves enterprise corporations, government agencies, financial institutions, and telecommunications providers across East Asia, Southeast Asia, North America, Europe, and the Middle East. The company offers a comprehensive portfolio of security products and services, including AIWAAP (formerly AIWAF), an application security and Web Application and API Protection platform that defends against SQL injection, cross-site scripting, zero-day vulnerabilities, API exploits, and automated bot threats; AISWG, an enterprise Secure Web Gateway appliance that monitors and filters outbound web traffic to block malicious uniform resource locators, phishing attempts, malware distribution, and unauthorized data leakage; AISVA, a dedicated SSL/TLS visibility appliance that provides high-throughput bidirectional decryption and re-encryption to eliminate blind spots across encrypted network traffic for upstream and downstream security tools; AIZTNA, a Zero Trust Network Access solution delivering identity-based, micro-segmented secure remote access to corporate resources; and AIONCLOUD, a global cloud-native SECaaS platform integrating Website Protection, Secure Internet Access with Cloud Access Security Broker (CASB) and Remote Browser Isolation (RBI) capabilities, and Secure Remote Access deployed across a distributed global edge network. Additionally, the company provides automated threat intelligence and vulnerability analysis through its AI Cyber Threat Intelligence Center (AICC) and AILabs platforms. In recent developments, MONITORAPP completed its initial public offering on the KOSDAQ market of the Korea Exchange under ticker 434480 to accelerate international expansion and research into cloud security architectures. In July 2026, the company completed the absorption merger of its threat intelligence subsidiary SOMA to consolidate cybersecurity assets and enhance organizational efficiency. MONITORAPP has also upgraded and rebranded its core web application firewall line from AIWAF to AIWAAP to emphasize integrated API security capabilities, expanded its AIONCLOUD global edge node infrastructure, and strengthened international distribution networks through strategic partnership agreements in Southeast Asia and the Middle East with partners including BlueZebra in Thailand, TechLab Security and OGX Networks in Malaysia, and Advanced Business Solutions in the United Arab Emirates.