AVAX One Technology Ltd.
AVX Technology Software Infrastructure
In the quarter to June 2026, revenue grew 523.2%, EPS grew 98.7%, free cash flow fell 107.9% and total debt fell 14.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
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AVAX One Technology Ltd. (AVX) Altman Z-score
AVAX One Technology Ltd.'s Altman Z-score for fiscal 2025 is 0.99, 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 | 0.99 | 12.11 |
| FY2024 | −11.12 | (5.36) |
| FY2023 | −5.76 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.13 | — | 0.16 | |
| Retained earnings / total assets | (0.48) | — | −0.67 | |
| EBIT / total assets | (0.11) | — | −0.37 | |
| Market value of equity / total liabilities | 3.10 | — | 1.86 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Distress zone | 0.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 23.11 | ||
Z and Z″ put AVAX One Technology Ltd. in different zones: distress zone by Z, safe zone by Z″.
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 |
|---|---|
| AVX AVAX One Technology Ltd. | 1.0× |
| AIFC AI Financial Corporation compare | 0.1× |
| XBP XBP Global Holdings, Inc. compare | −0.9× |
| REKR Rekor Systems, Inc. compare | −3.0× |
| LIDR AEye, Inc. compare | −3.7× |
| VHC VirnetX Holding Corp compare | −7.1× |
| BNAI Brand Engagement Network Inc. compare | −8.0× |
| AILEQ iLearningEngines, Inc. compare | — |
| LYLTQ Loyalty Ventures Inc. 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