Mobiis

Mobiis was founded in 2000 by researchers from Samsung Electronics' network business division and multimedia research lab, and listed on KOSDAQ in 2017 as a specialized ultra-precision control system company.

The company holds EPICS-based special control technology, and EPICS is a standard control software platform used at more than 60 large-scale science projects worldwide.

Its business is organized around two pillars, smart factory solutions and accelerator/fusion control systems, and as of the third quarter of the prior fiscal year the revenue mix was 63.7% smart factory and 36.3% fusion and accelerator.

The core smart-factory product QRP is a turnkey MES package based on ISO/TS16949 and IATF standards supplied with references at about 450 companies including Posco and Hyundai group affiliates, and it meets the eleven core functions set by the global manufacturing standard MESA and has secured global customers including BorgWarner.

In the accelerator and fusion segment, the company has references supplying LLRF, BPM, and undulator control systems, and Mobiis has developed solutions for the nuclear fusion community since its first participation in the ITER Project in 2012.

In the ITER project, Mobiis has participated in five of six total control system sectors, including the power supply master control system (MCS), conventional control system (CFS), interlock control system (CIS), CODAC framework, and the high-voltage signal-processing system for quench detection (QDS).

In the competitive landscape, other names such as Bitzro Tech and SFA are also cited as fusion/accelerator related stocks, but Mobiis is classified as the only domestic company holding EPICS-based ultra-precision special control and system design technology used for large scientific facility control.

In December 2025, Innovation Asset Management, which stepped forward as a new controlling shareholder, announced plans to apply Mobiis's low-level RF control technology to qubit control in quantum computers as part of a quantum-AI convergence business.

2025 consolidated revenue was KRW 5.098 billion, similar to 2024's KRW 5.026 billion, but sharply down from KRW 19.665 billion in 2022 and KRW 19.082 billion in 2023.

This decline appears linked to a change in consolidation scope, as non-controlling interests that had been recorded through 2023 (KRW 20.83 billion in 2022, KRW 16.81 billion in 2023) fell to zero from 2024 onward.

Operating losses were recorded every year from 2022 to 2025 (-KRW 4.01 billion, -KRW 6.52 billion, -KRW 2.39 billion, and -KRW 2.94 billion respectively), and the operating margin actually worsened to -57.6% in 2025 and -47.6% in 2024 as the revenue base shrank.

Net income swung widely: owner-attributable net income turned positive at KRW 9.221 billion in 2024, a move that appears tied to a one-off factor coinciding with a change in total equity (KRW 35.08 billion in 2024 versus KRW 38.81 billion in 2023), before reverting to a net loss of KRW 1.053 billion in 2025.

Over the most recent five quarters, revenue moved from KRW 1.692 billion in 2025Q2 to KRW 0.896 billion in Q3, KRW 1.265 billion in Q4, KRW 1.042 billion in 2026Q1, and KRW 0.401 billion in Q2, showing large quarter-to-quarter swings within an overall downward trend.

Operating losses continued in every quarter over the same window, at -KRW 0.549 billion, -KRW 0.535 billion, -KRW 1.251 billion, -KRW 0.543 billion, and -KRW 0.694 billion respectively, with the largest loss recorded in 2025Q4.

Owner-attributable net income briefly turned positive at KRW 1.009 billion in 2025Q3, an exceptional case, before returning to losses of -KRW 1.666 billion in Q4, -KRW 0.467 billion in 2026Q1, and -KRW 0.489 billion in Q2.

The trailing four-quarter (2025Q3-2026Q2) sum of owner-attributable net income was -KRW 1.613 billion, and a clear turning point in consolidated financial performance has not yet been confirmed.

Fusion power has emerged as a major energy-industry theme amid rising private investment, and in August 2025 news that U.S. chipmaker Nvidia had invested in private fusion company Commonwealth Fusion Systems drove a broad rally in domestic fusion-related stocks.

However, commercializing fusion power still faces high technical difficulty, so it is a game changer being highlighted for the energy paradigm shift while technical challenges remain significant.

Domestically, state-led projects such as KSTAR and ITER account for most demand for fusion control systems, and other names including Bitzro Tech, Bitzro Systems, and SFA are cited alongside Mobiis as related stocks.

In the smart-factory (MES) market, quality-control and process-tracking demand across manufacturing sectors such as automotive and batteries remains steady, and QRP has secured overseas customers as a packaged product meeting MESA's core functional standards.

Mobiis operates two structurally distinct pillars, smart factory and accelerator/fusion control, and its position in each market depends heavily on a limited number of large corporate or research-institute projects.

The quantum computing field is still in an early commercialization stage, and the plan to apply Mobiis's LLRF technology to qubit control remains at the conceptual stage put forward by the new controlling shareholder.

According to company information, the fusion segment continues to participate in building core ITER project control systems, with expanded participation expected in DEMO system and fusion power plant construction from 2030 onward.

In the smart-factory segment, upgrading QRP's AI modules and expanding overseas are cited as ongoing tasks.

In December 2025, Innovation Asset Management agreed via disclosure to acquire 8,370,072 Mobiis shares (26.02%) and management control for about KRW 45 billion, and outlined plans to recruit domestic and overseas quantum-AI researchers and review collaboration with overseas quantum computing firms, aiming to enter the QaaS business by introducing verified overseas quantum computing hardware.

However, a court asset freeze on the former largest shareholder's stake was disclosed in March 2026, and afterward, with the finally designated transferees Mobiis Partners and Liu Zyu Hou having paid only the KRW 2 billion deposit, the management-control sale process reportedly stalled.

As a result, it remains uncertain when and in what form the new controlling shareholder's quantum-AI expansion plan will actually proceed. Because the fusion and accelerator segment depends on state-led projects with irregular revenue recognition timing, quarterly earnings volatility could persist.