Kiora Pharmaceuticals, Inc.
KPRX Healthcare Biotechnology
Kiora Pharmaceuticals, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $16.0 million. In the quarter to June 2026, EPS grew 37.0% and free cash flow grew 50.1%, each against the same quarter a year earlier.
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Kiora Pharmaceuticals, Inc. (KPRX) Altman Z-score
Kiora Pharmaceuticals, Inc.'s Altman Z-score for fiscal 2024 is −3.16, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −3.16 | 5.69 |
| FY2020 | −8.85 | 1.28 |
| FY2019 | −10.13 | (0.86) |
| FY2018 | −9.27 | 3.02 |
| FY2017 | −12.30 | 3.02 |
| FY2016 | −15.32 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.65 | — | 0.78 | |
| Retained earnings / total assets | (3.93) | — | −5.50 | |
| EBIT / total assets | 0.12 | — | 0.41 | |
| Market value of equity / total liabilities | 1.19 | — | 0.72 | |
| Sales / total assets | 0.44 | — | 0.44 | |
| Altman Z-score | Distress zone | −3.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.20 | ||
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 |
|---|---|
| GDTC CytoMed Therapeutics Limited compare | 6.8× |
| TPST Tempest Therapeutics, Inc. compare | −2.0× |
| KPRX Kiora Pharmaceuticals, Inc. | −3.2× |
| BLRX BioLineRx Ltd. compare | −13.8× |
| PHIO Phio Pharmaceuticals Corp. compare | −18.2× |
| PTN Palatin Technologies, Inc. compare | −67.7× |
| INTS Intensity Therapeutics Inc. compare | — |
| CLRB Cellectar Biosciences, Inc. compare | — |
| LTRN Lantern Pharma 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