Altitude (ALT) AI Stock Analysis

• Market Cap: £16.43M
• Dividend Yield: N/A
• Average Volume (3M): 74.83K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 0.35
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 111
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 73,043,780
• 10 Day Avg. Volume: 29,274
• 30 Day Avg. Volume: 74,830
• PEG Ratio: 0.68
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 16.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.01
• Revenue Forecast (FY): £32.45M

• Rating: 63 Neutral
• Price Target: 24.50p ▲(19.51% Upside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is supported mainly by improved fundamentals and a conservative, low-debt balance sheet with positive cash generation. It is held back by weak technicals (price below key moving averages and negative MACD) and only moderate valuation support given a ~20.7 P/E and no dividend.

Positive Factors

Conservative balance sheet

Very low leverage and growing equity provide durable financial flexibility. A debt-to-equity near 0.02 materially reduces refinancing and solvency risk, allowing the company to fund ops, absorb shocks, and pursue strategic investments or opportunistic M&A without stressing cash flows over the coming months.

Improving cash generation

Free cash flow turning consistently positive signals the business is converting operations into spendable cash. Improving FCF supports reinvestment in product, hiring, or debt reduction and reduces reliance on external financing, strengthening the company's ability to sustain operations and strategic initiatives.

Profitability recovery

A shift from prior losses to positive EBIT, EBITDA and a modest net margin demonstrates the company has improved unit economics and cost structure. This recovery builds a foundation to expand margins as revenue stabilizes and supports a path toward higher returns on capital if growth and margin trends continue.

Negative Factors

Revenue decline

An ~18% year decline is a structural risk to the business model: shrinking top line reduces operating leverage and makes fixed-cost coverage harder. Unless revenue stabilization or new growth initiatives offset this, sustained declines could impair margin expansion and limit reinvestment capacity over the medium term.

Gross margin pressure

Eroding gross margins point to competitive pricing, adverse mix, or rising delivery costs that chip away at core profitability. Margin deterioration reduces the effectiveness of revenue growth in driving profits and free cash flow, raising the risk that further margin compression will constrain long-term return improvement.

Weak cash conversion

Operating cash flow covering only ~32% of sales and FCF below net income signal working-capital or investment drag. Volatile cash conversion limits resilience, can necessitate external funding for growth or capex, and makes sustained investment in product or sales capacity more challenging if trends persist.

Altitude Business Overview & Revenue Model

Company Description

Altitude Group plc provides technology and information solutions in North America and the United Kingdom. The company offers patented technology platform to its network with a built-in supply chain, as well as combines an e-commerce trading platform with a cloud-based CRM and order management system for business intelligence requirements; e-commerce website solutions with in-built patented online designer and pre-loaded product databases; patented online design solutions; and virtual sample services that allow personalized design on a product with imprint technique. It also provides software services, events and exhibitions, catalogues, artwork services, marketing and business administration services to distributors. The company was incorporated in 2004 and is headquartered in Sheffield, the United Kingdom.

How the Company Makes Money

Altitude makes money through a subscription-based revenue model, where clients pay recurring fees for access to its cloud services and platforms. Key revenue streams include fees for computing power, storage solutions, and data analytics tools, which are charged on a pay-as-you-go basis or through tiered subscription plans. The company also generates revenue through strategic partnerships with enterprise clients and technology providers, offering custom solutions and integration services. Additionally, Altitude leverages its expertise in artificial intelligence and machine learning to offer premium analytics services, which contribute significantly to its earnings.

Altitude Financial Statement Overview

Summary

Strong balance sheet (very low leverage and growing equity) and improved profitability versus earlier losses, with positive free cash flow. Offsetting factors include a meaningful latest-year revenue decline, gross margin pressure, and uneven cash conversion (FCF below net income).

Income Statement

Revenue scaled materially from 2020 to 2025 (annual), and profitability has improved sharply versus the heavy losses seen in 2020–2021. The latest year (2025 annual) remained profitable (net margin ~3.2%) with positive EBIT and EBITDA, but revenue contracted meaningfully (about -18%), and gross margin has trended down from earlier peak levels—suggesting pricing pressure, mix shift, or higher delivery costs. Overall: solid turnaround with modest current profitability, but growth consistency and margin durability are key watch items.

Balance Sheet

The balance sheet looks conservative: debt is very low relative to equity (debt-to-equity ~0.02 in 2025 annual), and equity has grown over time, providing a sizable cushion. Returns on equity are positive and improving (roughly ~7.9% in 2025 annual vs lower levels earlier), though still not high enough to be considered best-in-class for software. Main limitation is not leverage risk, but rather ensuring profits and returns continue to strengthen to fully utilize the strong capital base.

Cash Flow

Cash generation is positive and improving versus earlier years: free cash flow turned solidly positive in 2025 annual (~1.16m) and grew strongly year-over-year, and operating cash flow is also positive. However, cash conversion weakened in the latest year: operating cash flow covered a relatively small portion of sales (~0.32), and free cash flow was below net income (about ~0.78), indicating working-capital or investment demands are consuming cash even as earnings remain positive. Overall: good recovery and momentum, but cash conversion volatility remains a risk.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	38.79M	28.84M	24.01M	18.76M	11.94M	7.71M
Gross Profit	13.46M	10.96M	10.37M	8.61M	6.15M	5.58M
EBITDA	1.86M	2.03M	1.40M	1.34M	960.00K	-196.00K
Net Income	-161.00	929.71K	697.00K	390.00K	97.00K	-1.23M
Balance Sheet
Total Assets	24.78M	16.84M	14.49M	13.86M	11.29M	11.09M
Cash, Cash Equivalents and Short-Term Investments	501.39K	523.27K	1.22M	1.17M	902.00K	2.10M
Total Debt	3.25M	184.23K	383.00K	563.00K	690.00K	665.00K
Total Liabilities	9.67M	5.05M	3.83M	4.43M	3.18M	3.30M
Stockholders Equity	11.23M	11.79M	10.66M	9.43M	8.11M	7.79M
Cash Flow
Free Cash Flow	470.18K	1.16M	338.00K	445.00K	-1.08M	-569.00K
Operating Cash Flow	1.61M	1.49M	2.13M	1.55M	-227.00K	90.00K
Investing Cash Flow	-2.48M	-1.92M	-1.80M	-1.10M	-852.00K	-338.00K
Financing Cash Flow	1.36M	-207.73K	-257.00K	-225.00K	-164.00K	-7.00K

Altitude Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALT, the sentiment is Negative. The current price of 20.5 is below the 20-day moving average (MA) of 22.90, below the 50-day MA of 21.84, and below the 200-day MA of 22.72, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 48.84 is Neutral, neither overbought nor oversold. The STOCH value of 15.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ALT.

Altitude Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ING	77 Outperform	£17.92M	9.66	28.74%	5.18%	―	―
ARC	70 Outperform	£11.43M	13.95	11.10%	4.73%	6.76%	-11.53%
ALT	63 Neutral	£16.43M	22.73	―	―	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ITIM	54 Neutral	£11.00M	-51.47	-1.90%	―	-2.67%	-466.67%
BIRD	48 Neutral	£11.05M	-3.77	-32.98%	―	-9.19%	4.69%
CRDL	42 Neutral	£10.63M	-9.25	-14.44%	―	7.86%	70.77%

Altitude Corporate Events

Altitude’s AIM Smarter Names Chief Commercial Officer to Drive AI-Led Growth

Altitude Group’s U.S. subsidiary AIM Smarter has appointed Christopher Young as Chief Commercial Officer, bringing in a veteran executive with more than 25 years of commercial leadership across retail, technology and print-on-demand. The move comes as AIM invests in its AI-enabled platform, including the recently launched AIM iQ tool, to help its network of over 2,300 distributors, generating more than $2 billion in annual sales, compete more effectively in a rapidly evolving promotional products market.

Young will lead commercial strategy, member engagement and partner success, with a mandate to translate AIM’s growing suite of AI-based tools into tangible competitive advantages for distributors and suppliers. Altitude’s leadership frames the hire as a key step in scaling technology adoption, deepening partnerships and reinforcing AIM’s position as the largest distributor community in the U.S. promotional products industry amid shifting buyer behaviour and rising demand for integrated digital platforms.

The most recent analyst rating on (GB:ALT) stock is a Hold with a £24.50 price target. To see the full list of analyst forecasts on Altitude stock, see the GB:ALT Stock Forecast page.

Altitude Group Appoints Singer Capital Markets as Nominated Adviser and Broker

Altitude Group plc has appointed Singer Capital Markets as its Nominated Adviser and Sole Broker with immediate effect, a move that formalises Singer’s role in providing advisory and broking services for the AIM-quoted company. The appointment is expected to support Altitude’s capital markets presence and investor engagement as it continues to develop its technology-driven offerings in the branded merchandise and promotional products sector.

The most recent analyst rating on (GB:ALT) stock is a Hold with a £24.50 price target. To see the full list of analyst forecasts on Altitude stock, see the GB:ALT Stock Forecast page.

Altitude Executive Chairman Increases Stake with Share Purchase

Altitude Group plc has announced that its Executive Chairman, Alexander Brennan, has increased his stake in the company through an on-market purchase of 23,675 ordinary shares at 21.00 pence per share on 19 January 2026. Following this transaction, Brennan’s beneficial holding stands at 84,281 ordinary shares, representing approximately 0.12% of the company’s issued share capital, signalling continued alignment of the chairman’s interests with those of shareholders and marginally strengthening insider ownership in the group.

The most recent analyst rating on (GB:ALT) stock is a Hold with a £22.00 price target. To see the full list of analyst forecasts on Altitude stock, see the GB:ALT Stock Forecast page.

Altitude COO Transfers Shareholding Into ISA With No Change in Beneficial Interest

Altitude Group plc reported that Chief Operating Officer Deborah Wilkinson has moved 99,500 ordinary shares into an Individual Savings Account in her name through a same-day sale and repurchase at around 20 pence per share. The transaction, conducted on AIM, is a technical transfer with no change to Wilkinson’s beneficial holding, which remains at 884,380 shares, or 1.21% of the company’s issued share capital, and therefore does not alter the overall ownership structure of the business.

Altitude Group’s Director Increases Stake with Significant Share Purchase

Altitude Group PLC announced that Martin Varley, a Non-Executive Director, has purchased 114,997 ordinary shares at an average price of 21.79 pence per share. This transaction increases Varley’s beneficial holding to 9,888,935 shares, representing approximately 13.56% of the company’s issued share capital, potentially strengthening his influence within the company.

Altitude Group Announces Change of Registered Office Address

Altitude Group plc has announced a change in its registered office address to 71-75 Shelton Street, Covent Garden, London, effective from 27 November 2025. This change reflects the company’s ongoing operational adjustments and may have implications for its business operations and stakeholder communications.

Altitude Group Announces Share Option Exercises and Grants

Altitude Group plc announced the exercise and grant of share options to its employees, including key managerial figures, as part of its incentive program. The exercise of 2022 Options and the grant of 2025 Options are tied to specific performance targets, which aim to align employee interests with company growth. This move impacts the company’s share capital and reflects its strategy to motivate and retain talent, potentially enhancing its market position and stakeholder value.

Altitude Group Announces Employee Share Option Exercises and New Grants

Altitude Group plc announced the exercise of options and the grant of new options to employees, including key executives, as part of its ongoing incentive program. The new options are tied to performance targets, including share price and earnings per share, which aim to align employee interests with company growth objectives. This move is expected to impact the company’s operations by potentially increasing employee motivation and aligning their goals with the company’s financial performance, thereby strengthening its market position.

Altitude Group Reports Strong Revenue Growth and Strategic Realignment in H1 2025

Altitude Group Plc reported solid revenue growth and strategic realignment in its unaudited interim results for the first half of 2025. The company experienced an 18% increase in total revenue, driven by strong merchanting performance and the expansion of Gear Shop sites. Leadership changes and a decentralized operating model have enhanced decision-making and operational discipline, positioning Altitude for scalable growth. The company is focused on improving margin quality and cash generation, with strategic initiatives underway to enhance the AIM platform and strengthen merchanting discipline. These efforts aim to support sustainable growth and shareholder value in the coming years.