매출 흑자인데 영업CF 적자 (OCF/매출 -18%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Voyager Technologies, Inc. financial statements
보이저 테크놀로지스NYSE:VOYG · New York Stock ExchangeVoyager Technologies, Inc.'s published financial data is dated 2026-10-04. 2024 revenue was $144M. 2024 operating profit was −$58M.
Reported results
Financial safety
Reference indicatorAs of 2024- Altman Z''
- -4.78
- Beneish M-Score
- -3.25
- Sloan accrual
- -14.77%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
Piotroski measures year-over-year financial improvement, not absolute quality.
Profitability
- Positive ROANot passed
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
영업이익률 악화 (-11.4% → -40.1%, -28.7%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- -40.1%
- Interest coverage
- -4.8x
- Return on equity (ROE)
- -260.9%
Operating margin −5pp
Operating lossRevenue −15%
Interest coverage riskInterest rate +2pp
Interest coverage riskInterest coverage limit
Already below the limit by 48.4ppInterest coverage limit at an operating margin of 8.3%
Interest expense coverage threshold