The EN small corpo space is stabilizing in the sense that there's fewer relevant market players now:
View attachment 81027
I would compare it to the Swiss watch industry post-quartz crisis. You have Brave Group (Swatch) gobbling up some of the legacy brands while simultaneously propping up the brands they already owned. At this time last year, Brave only really had V4Mirai and Globie was just about to launch.
Of the companies outside the Brave umbrella, there's Phase, which is about as big as you can get for a small corpo, V&U which I'm pretty sure is just laundering money for chaebols at this point, Specialite, which has the JP market to fall back on, and PixelLink, which survives by just not exploding, I suppose. And VAllure too, I guess, could survive based on their niche.