WISeQey Corp
WQEY Technology Semiconductors
WISeQey Corp’s revenue for fiscal 2025 (year ended December 2025) was $19.3 million, up 62.4% from fiscal 2024.
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WISeQey Corp (WQEY) Altman Z-score
WISeQey Corp's Altman Z-score for fiscal 2025 is 0.60, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.60 | 2.74 |
| FY2024 | −2.14 | 5.85 |
| FY2023 | −7.99 | (1.07) |
| FY2022 | −6.93 | (3.54) |
| FY2021 | −3.39 | 2.00 |
| FY2020 | −5.39 | (0.99) |
| FY2019 | −4.40 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.82 | — | 0.98 | |
| Retained earnings / total assets | (0.58) | — | −0.82 | |
| EBIT / total assets | (0.09) | — | −0.31 | |
| Market value of equity / total liabilities | 1.18 | — | 0.71 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Distress zone | 0.60 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 11.90 | ||
Z and Z″ put WISeQey Corp 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 |
|---|---|
| ICG Intchains Group Limited Unsponsored ADR compare | 12.0× |
| MX Magnachip Semiconductor Corp. compare | 2.0× |
| WQEY WISeQey Corp | 0.6× |
| NA Nano Labs Ltd. Sponsored ADR compare | 0.1× |
| SQNS Sequans Communications S.A. compare | −2.4× |
| MOBX Mobix Labs, Inc. compare | −8.9× |
| IPWR Ideal Power Inc. compare | −11.6× |
| LEDS SemiLEDS Corporation compare | −14.0× |
| PXLW Pixelworks, Inc. compare | −14.0× |
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