Recon Technology, Ltd.
RCON Energy Oil & Gas Equipment & Services
Recon Technology, Ltd.’s revenue for fiscal 2026 (year ended June 2026) was $16.2 million, up 75.0% from fiscal 2025.
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Recon Technology, Ltd. (RCON) Altman Z-score
Recon Technology, Ltd.'s Altman Z-score for fiscal 2026 is 0.01, 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 | 0.01 | (1.11) |
| FY2025 | 1.12 | 0.47 |
| FY2024 | 0.65 | (0.14) |
| FY2023 | 0.79 | (0.49) |
| FY2022 | 1.28 | 0.44 |
| FY2021 | 0.85 | 1.48 |
| FY2020 | −0.63 | (0.98) |
| FY2019 | 0.35 | (0.07) |
| FY2018 | 0.42 | 1.10 |
| FY2017 | −0.68 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.27 | |
| Retained earnings / total assets | (0.46) | — | −0.64 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 0.69 | — | 0.42 | |
| Sales / total assets | 0.17 | — | 0.17 | |
| Altman Z-score | Distress zone | 0.01 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.23 | ||
Z and Z″ put Recon 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 |
|---|---|
| GEOS Geospace Technologies Corporation compare | 6.7× |
| OMSE OMS Energy Technologies Inc. compare | 5.2× |
| LSE Leishen Energy Holding Co., Ltd. compare | 4.3× |
| STAK STAK Inc. compare | 1.8× |
| DTI Drilling Tools International Corp. compare | 1.5× |
| RCON Recon Technology, Ltd. | 0.0× |
| KLXE KLX Energy Services Holdings, Inc. compare | −0.9× |
| DWSN Dawson Geophysical Company compare | −1.6× |
| ENSV ENSERVCO Corporation compare | −5.2× |
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