Singlepoint Inc.
SING Technology Solar
Singlepoint Inc.’s revenue for fiscal 2024 (year ended December 2024) was $20.3 million, down 22.9% from fiscal 2023. In the quarter to December 2024, revenue fell 6.82%, EPS grew 101.0% and free cash flow grew 98.6%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Singlepoint Inc. (SING) Altman Z-score
Singlepoint Inc.'s Altman Z-score for fiscal 2024 is −82.07, 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 | −82.07 | (71.55) |
| FY2023 | −10.53 | (2.75) |
| FY2022 | −7.78 | (4,978.62) |
| FY2021 | 4970.84 | (3,102.89) |
| FY2020 | 8073.73 | (773,891.24) |
| FY2019 | 781964.97 | (479,435.08) |
| FY2018 | 1261400.05 | (13,797,170.86) |
| FY2017 | 15058570.91 | 11,728,916.38 |
| FY2016 | 3329654.54 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (5.45) | — | −6.54 | |
| Retained earnings / total assets | (43.22) | — | −60.50 | |
| EBIT / total assets | (6.58) | — | −21.70 | |
| Market value of equity / total liabilities | 0.00 | — | 0.00 | |
| Sales / total assets | 6.66 | — | 6.66 | |
| Altman Z-score | Distress zone | −82.07 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −221.68 | ||
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 |
|---|---|
| SUNE SUNation Energy Inc. compare | −0.1× |
| SUNWQ Sunworks, Inc. compare | −0.3× |
| ISUNQ iSun, Inc. compare | −0.7× |
| ZEO Zeo Energy Corp. compare | −0.8× |
| BEEM Beam Global compare | −4.7× |
| MAXNQ Maxeon Solar Technologies, Ltd. compare | −9.1× |
| VSTTF Vast Renewables Limited compare | −54.8× |
| SING Singlepoint Inc. | −82.1× |
| ASTI Ascent Solar Technologies Inc. compare | −112× |
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