ATGL

Alpha Technology Group
ATGL

$3.48

1.69%

Market Cap: 53.1M

About: Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.

Employees: 23

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

134,300% more capital invested

Capital invested by funds: $0 [Q4 2023] → $1.34K (+$1.34K) [Q1 2024]

100% more funds holding

Funds holding: 0 [Q4 2023] → 1 (+1) [Q1 2024]

100% more first-time investments, than exits

New positions opened: 1 | Existing positions closed: 0

0% more ownership

Funds ownership: 0% [Q4 2023] → 0% (+0%) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for ATGL.

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Financial journalist opinion

Alpha Technology Group Limited Reports 2023 Financial Year Results

HONG KONG , Feb. 1, 2024 /PRNewswire/ -- Alpha Technology Group Limited (the "Company" or "Alpha")(NASDAQ: ATGL), a holding company incorporated in the British Virgin Islands that currently provides cloud-based IT solution services through its operating subsidiaries, Techlution Service Limited and Neural Sense Limited (collectively, "Operating Subsidiaries"), today reported its financial results for the fiscal year ended September 30, 2023. Fiscal Year 2023 Financial Highlights: Revenues increased by HK$4.27 million (approximately US$0.55 million), or 96.55%, from HK$4.42 million for the year ended September 30, 2022 to HK$8.69 million (approximately US$1.11 million) for the year ended September 30, 2023.

Alpha Technology Group Limited Reports 2023 Financial Year Results

Alpha Technology Group Limited Announces Exercise of the Underwriter's Over-Allotment Option

Hong Kong, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Alpha Technology Group Limited (NASDAQ: ATGL) (the “Company” or “Alpha”), an established cloud-based IT solution service provider in Hong Kong, today announced that Prime Number Capital LLC, as underwriter of the Company's initial public offering (the “Offering”), has fully exercised the over-allotment option (the “Option”) to purchase an additional 262,500 Ordinary Shares at the public offering price of $4.00 per share. As a result, the Company has raised gross proceeds of $1,050,000, in addition to the previously gross proceeds of approximately $7,000,000, before deducting underwriting discounts and offering expenses, already received in the Offering.

Alpha Technology Group Limited Announces Exercise of the Underwriter's Over-Allotment Option

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