Alpha Technology Group Ltd
ATGL · Services-Computer Programming Services · EDGAR filings ↗
Grade
D40Hong Kong IT/technology micro-cap with deep losses, cash-rich.
Strengths
- Cash-rich — current ratio 25.9 (93rd)
Risks
- Deep losses, very low gross margin — operating margin -771%, gross margin 6% (14th)
- Revenue decline, cash burn — -40%, FCF -$2.5M
- Hong Kong/PRC and scale risk — per 10-K
Notable findings
- Net lossNet loss (net margin -952.0%)
- Cash burnNegative free cash flow (-1.8M)
- Revenue declineRevenue -40.2% YoY
Key metrics
Gross margin
49.2%
Operating margin
-770.5%
Net margin
-952.0%
Return on equity
-287.1%
Return on assets
-202.0%
ROIC
-181.3%
Revenue growth (QoQ)
-40.2%
Debt / equity
0.0×
Current ratio
3.3×
Free cash flow
-$2M
EBITDA
-$7M
Tangible book value
$3M
Stock comp / revenue
585.4%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-01-30 | 2025-09-30 | 0001213900-26-010168 ↗ |
| 20-F | 2025-01-27 | 2024-09-30 | 0001213900-25-007015 ↗ |
| 20-F | 2024-01-31 | 2023-09-30 | 0001213900-24-008526 ↗ |