Firefly Neuroscience, Inc.
AIFF Technology Software Application
In the quarter to June 2026, revenue grew 71.9%, EPS grew 28.6% and free cash flow grew 25.4%, each against the same quarter a year earlier.
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Firefly Neuroscience, Inc. (AIFF) Altman Z-score
Firefly Neuroscience, Inc.'s Altman Z-score for fiscal 2025 is −15.14, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −15.14 | 17.06 |
| FY2024 | −32.21 | 8.31 |
| FY2023 | −40.52 | (35.22) |
| FY2022 | −5.30 | (11.32) |
| FY2021 | 6.02 | 1.50 |
| FY2020 | 4.52 | 7.50 |
| FY2019 | −2.98 | (1.87) |
| FY2018 | −1.12 | (1.83) |
| FY2017 | 0.72 | 3.08 |
| FY2016 | −2.36 | (1.04) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.12 | — | 0.14 | |
| Retained earnings / total assets | (10.65) | — | −14.91 | |
| EBIT / total assets | (0.85) | — | −2.79 | |
| Market value of equity / total liabilities | 3.86 | — | 2.31 | |
| Sales / total assets | 0.11 | — | 0.11 | |
| Altman Z-score | Distress zone | −15.14 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −36.83 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MNDO MIND C.T.I. Ltd. compare | 3.2× |
| IPM Intelligent Protection Management Corp. compare | 0.9× |
| AWRE Aware, Inc. compare | −0.2× |
| YAAS Youxin Technology Ltd compare | −1.8× |
| FTFT Future FinTech Group Inc. compare | −6.6× |
| IDAI T Stamp Inc. compare | −6.9× |
| AIFF Firefly Neuroscience, Inc. | −15.1× |
| YMT Yimutian Inc. - Sponsored ADR compare | −15.4× |
| RPGL Republic Power Group Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets