Vistance Networks, Inc.
VISN Technology Communication Equipment
In the quarter to June 2026, revenue fell 1.39%, EPS grew 1,671.4%, free cash flow fell 200.4% and total debt fell 21.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow VISN
Vistance Networks, Inc. (VISN) Altman Z-score
Vistance Networks, Inc.'s Altman Z-score for fiscal 2025 is 0.55, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.55 | 0.99 |
| FY2024 | −0.44 | 0.13 |
| FY2023 | −0.57 | (0.62) |
| FY2022 | 0.05 | (0.50) |
| FY2021 | 0.55 | (0.12) |
| FY2020 | 0.67 | 0.08 |
| FY2019 | 0.59 | (0.87) |
| FY2018 | 1.46 | (0.35) |
| FY2017 | 1.81 | 0.03 |
| FY2016 | 1.77 | 0.66 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.46 | — | 0.55 | |
| Retained earnings / total assets | (0.32) | — | −0.45 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 0.38 | — | 0.23 | |
| Sales / total assets | 0.21 | — | 0.21 | |
| Altman Z-score | Distress zone | 0.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.89 | ||
Z and Z″ put Vistance Networks, Inc. in different zones: distress zone by Z, grey 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 |
|---|---|
| FEIM Frequency Electronics, Inc. compare | 9.6× |
| DGII Digi International Inc. compare | 4.0× |
| EXTR Extreme Networks, Inc. compare | 2.5× |
| GILT Gilat Satellite Networks Ltd. compare | 1.7× |
| NTGR NETGEAR, Inc. compare | 1.7× |
| ADTN ADTRAN Holdings, Inc. compare | 0.7× |
| VISN Vistance Networks, Inc. | 0.5× |
| TSAT Telesat Corporation compare | −0.4× |
| HLIT Harmonic Inc. compare | −1.0× |
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