[유상증자 모니터] 주주에 손 벌린 하이퍼코퍼레이션, 재무 개선 과제

HyperCorporation's rapid revenue growth masks underlying operational collapse: despite 762 billion won in 2025 sales, the company continues recording operating losses and negative operating cash flow due to structural margin compression in distribution business and failed expansion investments. Repeated capital raises and heavy debt obligations reveal a dangerous pattern where external financing sustains operations, threatening long-term viability without fundamental profitability turnaround.