Alpha Technology Group Limited

ATGL

Software - Infrastructure · Technology

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Sep 30, 2025

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Winston Score History

The full picture

Alpha Technology Group Limited is a small technology company that provides software and digital infrastructure services. The company focuses on enterprise software solutions and technology services, targeting businesses that need help managing their digital operations. It operates in the software infrastructure industry, which includes tools that help companies run their computer systems and data more efficiently.

Alpha Technology Group generates revenue by selling software licenses and providing technology services to business customers. The company appears to operate primarily in Asian markets and has a very small market capitalization of around $100 million. The financial data tells a concerning story — negative gross margins mean the company is currently spending far more to deliver its services than it earns from them, which is a serious red flag. The biggest risk facing the business is achieving a path to profitability before it runs out of resources to fund its operations.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+36.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

Insider Activity

82.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~11 months

$31M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Alpha Technology Group Limited grew revenue 37% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

-928.2%

Thin — -928.2% gross margin

Profit after running costs

Operating Margin

-1202.3%

Losing money on operations — -1202.3%

Return on the money invested

ROCE

-195.5%

Weak — -195.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+19.4%

Fast-growing sales (+19.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

2/4 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-188.6%

Burning cash (-188.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.20

Conservative — low debt load (0.20)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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