Kolon TissueGene (950160.KQ) Q1 2026: ₩99.9B Net Loss Is 95% Non-Cash Derivatives as TG-C Phase 3 Misses Primary Endpoints
The accounting headline masks a stabilizing cash burn — but ₩355.8 billion in capitalized development costs now faces its most consequential impairment test as the second Phase 3 readout approaches in October.
Source: Q1 2026 Quarterly Report (28th Fiscal Year, January 1 – March 31, 2026) — Filed May 15, 2026 with DART | Standalone (Non-Consolidated) Financial Statements; no consolidated statements exist as the company has no subsidiaries | Functional and Presentation Currency: USD; ₩ figures translated at period-end rate (balance sheet) and average rate (income statement / cash flows) | Unit: ₩ billions







