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Alpha Technology Group Limited Ordinary Shares - ATGL STOCK NEWS

Welcome to our dedicated page for Alpha Technology Group Ordinary Shares news (Ticker: ATGL), a resource for investors and traders seeking the latest updates and insights on Alpha Technology Group Ordinary Shares stock.

Alpha Technology Group Limited (ATGL) is a prominent IT solutions provider, operating through its subsidiaries in Hong Kong. Specializing in cloud-based services, the company leverages advanced analytical skills, programming prowess, and artificial intelligence to deliver tailored solutions aimed at enhancing business performance, overcoming industry-specific challenges, and creating new opportunities for its clients.

Alpha's subsidiaries, Techlution Service Limited and Neural Sense Limited, serve a diverse range of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale, and distribution. Their service offerings include system development, web and mobile application development, and AI-powered optical character recognition (AI-OCR), which facilitate the digital transformation of their clients' operations.

Recent achievements for Alpha include successfully pricing its initial public offering (IPO) and commencing trading on the Nasdaq stock exchange under the ticker symbol “ATGL” on October 31, 2023, at $4 per share. This milestone marks Alpha as the first AI IT service provider from Hong Kong to list in the U.S., attracting significant investor interest.

Financially, Alpha reported a remarkable 96.55% increase in revenue for the fiscal year ending September 30, 2023, amounting to HK$8.69 million (approximately US$1.11 million). This growth was driven by the completion of several projects for carpark management companies, NFT-related services, and technological support for a local NGO. Despite an increase in costs, the company maintained a gross profit margin of 32.75%, up from 22.67% the previous year.

Looking forward, Alpha remains committed to optimizing its cost structure and exploring new revenue avenues. The company's strategic focus and solid foundation position it well for future financial performance enhancements.

For more information, visit Alpha Technology Group Limited and Techlution Service Limited.

News

Alpha Technology Group Limited Reports 2023 Financial Year Results

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Alpha Technology Group Limited (ATGL) reported its fiscal year 2023 financial results, showing a 96.55% increase in revenues, a 183.99% increase in gross profit, and a 94.47% increase in selling, general, and administrative expenses. The company also experienced a net loss of approximately US$0.89 million for the year ended September 30, 2023. Alpha completed its initial public offering on November 2, 2023, raising approximately US$7.00 million.
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Alpha Technology Group Limited Announces Exercise of the Underwriter’s Over-Allotment Option

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Alpha Technology Group Limited (ATGL) has fully exercised the over-allotment option to purchase an additional 262,500 Ordinary Shares at the public offering price of $4.00 per share, raising gross proceeds of $1,050,000. The Company has previously raised approximately $7,000,000 before deducting underwriting discounts and offering expenses. The Offering is being made only by means of a prospectus, and a copy of the final prospectus can be obtained via the SEC's website at www.sec.gov.
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Alpha Technology Debuts on Nasdaq as the First AI IT Service Company from Hong Kong

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Alpha Technology Group Limited, a leading IT solutions provider and cloud-based service provider in Hong Kong, has successfully priced its IPO at $4 per share and commenced trading on the Nasdaq stock exchange. Alpha specializes in AI-powered optical character recognition (AI-OCR) services and develops tailor-made web and mobile applications. The company aims to expand its market presence and enhance language recognition capabilities.
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Alpha Technology Group Limited Announces Closing of Its Initial Public Offering

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Alpha Technology Group Limited has closed its initial public offering, raising $7,000,000 in gross proceeds. The offering consisted of 1,750,000 ordinary shares priced at $4.00 per share. The company's shares are now trading on the Nasdaq Capital Market under the ticker symbol 'ATGL'. The underwriters have been granted an over-allotment option to purchase up to an additional 262,500 ordinary shares.
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Alpha Technology Group Limited Announces Pricing of Its Initial Public Offering

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Alpha Technology Group Limited has announced the pricing of its initial public offering (IPO) of 1,750,000 ordinary shares at a public offering price of $4.00 per share. The total gross proceeds from the offering are $7,000,000. The shares will be listed on the Nasdaq Capital Market under the ticker symbol 'ATGL'. The underwriters have been granted an option to purchase up to an additional 262,500 shares to cover the over-allotment option. The offering is expected to close on November 2, 2023.
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FAQ

What is the current stock price of Alpha Technology Group Ordinary Shares (ATGL)?

The current stock price of Alpha Technology Group Ordinary Shares (ATGL) is $3.65 as of August 1, 2024.

What is the market cap of Alpha Technology Group Ordinary Shares (ATGL)?

The market cap of Alpha Technology Group Ordinary Shares (ATGL) is approximately 47.6M.

What does Alpha Technology Group Limited do?

Alpha Technology Group Limited provides cloud-based IT solutions, specializing in system development, web and mobile app development, and AI-powered OCR services.

When did Alpha Technology Group Limited go public?

Alpha Technology Group Limited commenced trading on the Nasdaq stock exchange on October 31, 2023, under the ticker symbol 'ATGL'.

What industries does Alpha Technology Group Limited serve?

Alpha serves a variety of industries including consulting, real estate, carpark management, electronic payment services, logistics, retail, textiles, and more.

What were Alpha's financial results for the latest fiscal year?

For the fiscal year ending September 30, 2023, Alpha reported a 96.55% increase in revenue to HK$8.69 million (approximately US$1.11 million).

What is unique about Alpha's IPO?

Alpha is the first AI IT service provider from Hong Kong to list on the U.S. stock exchange, attracting significant investor interest.

What recent projects have driven Alpha's revenue growth?

Revenue growth was driven by projects for carpark management companies, NFT-related services, and support for a local NGO's enrollment and payment system.

What is Alpha's gross profit margin?

Alpha's gross profit margin increased to 32.75% for the year ended September 30, 2023, up from 22.67% the previous year.

How is Alpha planning to improve its financial performance?

Alpha plans to optimize its cost structure and explore new revenue avenues to enhance future financial performance.

Who are the main customers of Alpha?

Alpha's customers come from diverse sectors including consulting, real estate planning, carpark management, social services, and more.

Where can I find more information about Alpha Technology Group Limited?

Visit Alpha's official websites at https://alphatechnologys.com and https://techlution.io for more information.

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Alpha Technology Group Limited Ordinary Shares

Nasdaq:ATGL

ATGL Rankings

#4897 Ranked by Market Cap
N/A Ranked by Dividends

ATGL Stock Data

47.62M
16.46M
71.97%
0.06%
0.43%
Software - Infrastructure
Technology
Link
United States of America
Kwun Tong