Emerson Radio Corporation
MSN Technology Consumer Electronics
Emerson Radio Corporation’s revenue for fiscal 2026 (year ended March 2026) was $6.3 million, down 41.5% from fiscal 2025. In the quarter to June 2026, revenue fell 37.1%, EPS grew 40.0%, free cash flow fell 66.2% and total debt fell 40.0%, each against the same quarter a year earlier.
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Emerson Radio Corporation (MSN) Altman Z-score
Emerson Radio Corporation's Altman Z-score for fiscal 2026 is 1.39, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.39 | (0.42) |
| FY2025 | 1.82 | (0.40) |
| FY2024 | 2.22 | 1.16 |
| FY2023 | 1.06 | (1.91) |
| FY2022 | 2.97 | (1.83) |
| FY2021 | 4.79 | 1.94 |
| FY2020 | 2.86 | (3.29) |
| FY2019 | 6.15 | (0.35) |
| FY2018 | 6.50 | (18.97) |
| FY2017 | 25.48 | 18.58 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.90 | — | 1.08 | |
| Retained earnings / total assets | (1.78) | — | −2.50 | |
| EBIT / total assets | (0.26) | — | −0.86 | |
| Market value of equity / total liabilities | 5.55 | — | 3.33 | |
| Sales / total assets | 0.34 | — | 0.34 | |
| Altman Z-score | Distress zone | 1.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 10.88 | ||
Z and Z″ put Emerson Radio Corporation 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 |
|---|---|
| AXIL AXIL Brands, Inc. compare | 8.8× |
| KOSS Koss Corporation compare | 5.1× |
| FEBO Fenbo Holdings Limited compare | 3.2× |
| MSN Emerson Radio Corporation | 1.4× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | 1.0× |
| WLDS Wearable Devices Ltd. compare | −1.1× |
| BOXL Boxlight Corporation compare | −1.3× |
| RIME Algorhythm Holdings, Inc. compare | −9.4× |
| FOXX Foxx Development Holdings Inc. compare | −9.5× |
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