Loop Media, Inc.
LPTVQ Communication Services Broadcasting
Loop Media, Inc.’s revenue for fiscal 2024 (year ended September 2024) was $22.3 million, down 29.7% from fiscal 2023. In the quarter to June 2025, revenue fell 70.5%, EPS grew 57.1% and free cash flow grew 63.4%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Loop Media, Inc. (LPTVQ) Altman Z-score
Loop Media, Inc.'s Altman Z-score for fiscal 2024 is −37.42, 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 | −37.42 | (23.35) |
| FY2023 | −14.07 | (13.52) |
| FY2022 | −0.55 | (5.32) |
| FY2021 | 4.77 | (95.08) |
| FY2020 | 99.85 | 88.32 |
| FY2020 | 11.52 | (8.19) |
| FY2019 | 19.71 | 97.65 |
| FY2019 | −77.94 | (13.39) |
| FY2019 | −64.55 | (33.78) |
| FY2018 | −30.77 | (11.11) |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (2.39) | — | −2.87 | |
| Retained earnings / total assets | (20.34) | — | −28.48 | |
| EBIT / total assets | (2.76) | — | −9.12 | |
| Market value of equity / total liabilities | 0.14 | — | 0.08 | |
| Sales / total assets | 2.96 | — | 2.96 | |
| Altman Z-score | Distress zone | −37.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −101.29 | ||
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 |
|---|---|
| SGA Saga Communications, Inc. compare | 2.2× |
| CMLSQ Cumulus Media, Inc. compare | −0.3× |
| CURI CuriosityStream Inc. compare | −1.6× |
| UONE Radio One, Inc. compare | −2.4× |
| UONEK Radio One, Inc. compare | −2.4× |
| BBGI Beasley Broadcast Group, Inc. compare | −2.7× |
| XHLD TEN Holdings, Inc. compare | −5.4× |
| LPTVQ Loop Media, Inc. | −37.4× |
| FLZH Flash Sports & Media Holdings, Inc. compare | −817× |
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