Announcement • Apr 13
Athena Global Technologies Limited announced that it has received INR 14.7 million in funding On April 13, 2026, Athena Global Technologies Limited closed the transaction. The company issued 700,000 convertible warrants at an issue price of INR 21 for gross proceeds of INR 14,700,000. The transaction includes participation from individual investor, Karthikeya Manchala. The warrant exercise price will be of INR 63. The transaction has been approved by board of director. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹896.7m market cap, or US$9.61m). Minor Risks High level of debt (58% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹113m revenue, or US$1.2m). New Risk • Mar 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹919.8m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹919.8m market cap, or US$9.92m). Minor Risks High level of debt (58% net debt to equity). Revenue is less than US$5m (₹113m revenue, or US$1.2m). New Risk • Feb 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Revenue is less than US$5m (₹349m revenue, or US$3.8m). Market cap is less than US$100m (₹1.07b market cap, or US$11.8m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.77 (vs ₹2.73 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.77 (up from ₹2.73 loss in 3Q 2025). Net income: ₹11.4m (up ₹49.8m from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Announcement • Feb 11
Athena Global Technologies Limited to Report Q3, 2026 Results on Feb 14, 2026 Athena Global Technologies Limited announced that they will report Q3, 2026 results at 3:30 PM, Indian Standard Time on Feb 14, 2026 New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹132m revenue, or US$1.5m). Market cap is less than US$100m (₹1.14b market cap, or US$12.7m). Reported Earnings • Nov 17
Second quarter 2026 earnings released: ₹4.40 loss per share (vs ₹3.34 loss in 2Q 2025) Second quarter 2026 results: ₹4.40 loss per share (further deteriorated from ₹3.34 loss in 2Q 2025). Net loss: ₹63.7m (loss widened 36% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Athena Global Technologies Limited to Report Q2, 2026 Results on Nov 14, 2025 Athena Global Technologies Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 02
Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2025 Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2025. Reported Earnings • Aug 12
First quarter 2026 earnings released: ₹3.09 loss per share (vs ₹3.37 loss in 1Q 2025) First quarter 2026 results: ₹3.09 loss per share (improved from ₹3.37 loss in 1Q 2025). Net loss: ₹43.4m (loss narrowed 8.5% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Athena Global Technologies Limited to Report Q1, 2026 Results on Aug 11, 2025 Athena Global Technologies Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Announcement • Aug 01
Athena Global Technologies Limited Appoints Gayathri Prithviraj as Company Secretary and Compliance Officer, Effective August 1, 2025 Athena Global Technologies Limited at its meeting held on August 1, 2025 announced the appointment of Ms. Gayathri Prithviraj, Associate member of the Institute of Company Secretaries of India, bearing Membership No: (A77113) as Company Secretary and Compliance Officer of the Company with effect from August 1, 2025.Ms. Gayathri Prithviraj, Associate member of the Institute of Company Secretaries of India, bearing Membership No: (A77113) she holds Bachelor's degree in commerce, Proficient in ensuring compliances with statutory and regulatory requirements and good corporate governance practices. Reported Earnings • May 28
Full year 2025 earnings released: ₹15.06 loss per share (vs ₹146 profit in FY 2024) Full year 2025 results: ₹15.06 loss per share (down from ₹146 profit in FY 2024). Net loss: ₹201.4m (down 110% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Athena Global Technologies Limited to Report Q4, 2025 Results on May 24, 2025 Athena Global Technologies Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 24, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: ₹2.73 loss per share (vs ₹2.67 loss in 3Q 2024) Third quarter 2025 results: ₹2.73 loss per share. Net loss: ₹38.4m (loss narrowed 8.8% from 3Q 2024). Announcement • Feb 10
Athena Global Technologies Limited to Report Q3, 2025 Results on Feb 14, 2025 Athena Global Technologies Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Nov 12
Athena Global Technologies Limited to Report Q2, 2025 Results on Nov 14, 2024 Athena Global Technologies Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (9.9% increase in shares outstanding). Market cap is less than US$100m (₹1.58b market cap, or US$18.8m). Announcement • Sep 02
Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2024 Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2024. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Revenue is less than US$5m (₹146m revenue, or US$1.7m). Market cap is less than US$100m (₹1.68b market cap, or US$20.0m). Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹3.37 loss per share (vs ₹4.61 loss in 1Q 2024) First quarter 2025 results: ₹3.37 loss per share (improved from ₹4.61 loss in 1Q 2024). Net loss: ₹47.4m (loss narrowed 23% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Athena Global Technologies Limited to Report Q1, 2025 Results on Aug 12, 2024 Athena Global Technologies Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • May 22
Athena Global Technologies Limited to Report Q4, 2024 Results on May 30, 2024 Athena Global Technologies Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Feb 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Negative equity (-₹227m). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Revenue is less than US$5m (₹117m revenue, or US$1.4m). Market cap is less than US$100m (₹1.36b market cap, or US$16.4m). Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹2.67 loss per share (vs ₹2.30 loss in 3Q 2023) Third quarter 2024 results: ₹2.67 loss per share (further deteriorated from ₹2.30 loss in 3Q 2023). Revenue: ₹39.4m (up 18% from 3Q 2023). Net loss: ₹42.1m (loss widened 15% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Feb 06
Athena Global Technologies Limited to Report Q3, 2024 Results on Feb 12, 2024 Athena Global Technologies Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Announcement • Dec 04
Athena Global Technologies Limited announced a financing transaction Athena Global Technologies Limited announced a private placement of 650,000 share warrants on preferential basis on December 4, 2023. The warrants are convertible into equal number of equity shares subject to the approval of shareholders. The price of warrants shall be determined in accordance with provisions of chapter V of SEBI. The transaction has been approved by the board of directors through a special resolution and is subject to approval of shareholders of the company. The transaction will include participation from individual investor Karthikeya Manchala for 650,000 share warrants. New Risk • Nov 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹205m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹205m free cash flow). Earnings have declined by 53% per year over the past 5 years. Minor Risks Negative equity (-₹227m). Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Revenue is less than US$5m (₹113m revenue, or US$1.4m). Market cap is less than US$100m (₹1.13b market cap, or US$13.5m). New Risk • Nov 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Negative equity (-₹134m). Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Revenue is less than US$5m (₹106m revenue, or US$1.3m). Market cap is less than US$100m (₹1.18b market cap, or US$14.2m). Announcement • Nov 04
Athena Global Technologies Limited to Report Q2, 2024 Results on Nov 14, 2023 Athena Global Technologies Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Announcement • Aug 30
Athena Global Technologies Limited, Annual General Meeting, Sep 27, 2023 Athena Global Technologies Limited, Annual General Meeting, Sep 27, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹4.61 loss per share (vs ₹2.58 loss in 1Q 2023) First quarter 2024 results: ₹4.61 loss per share (further deteriorated from ₹2.58 loss in 1Q 2023). Revenue: ₹34.0m (down 29% from 1Q 2023). Net loss: ₹61.7m (loss widened 107% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Aug 06
Athena Global Technologies Limited to Report Q1, 2024 Results on Aug 12, 2023 Athena Global Technologies Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Announcement • Aug 03
Athena Global Technologies Limited Appoints Maddi Venkata Sudarsan as an Additional Director Athena Global Technologies Limited announced that at its board meeting held on 2 August 2023 has appointed Mr. Maddi Venkata Sudarsan as an additional director of the company in the capacity of independent director. Mr. Maddi Venkata Sudarsan is not related to any of the directors of the company. Reported Earnings • Jun 04
Full year 2023 earnings released: ₹16.46 loss per share (vs ₹5.80 loss in FY 2022) Full year 2023 results: ₹16.46 loss per share (further deteriorated from ₹5.80 loss in FY 2022). Revenue: ₹126.0m (down 37% from FY 2022). Net loss: ₹220.3m (loss widened 198% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • May 25
Athena Global Technologies Limited to Report Q4, 2023 Results on May 30, 2023 Athena Global Technologies Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 09
Third quarter 2023 earnings released: ₹2.30 loss per share (vs ₹2.63 loss in 3Q 2022) Third quarter 2023 results: ₹2.30 loss per share. Revenue: ₹35.6m (down 5.2% from 3Q 2022). Net loss: ₹36.5m (loss widened 9.0% from 3Q 2022). Announcement • Feb 03
Athena Global Technologies Limited to Report Q3, 2023 Results on Feb 08, 2023 Athena Global Technologies Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: ₹6.39 loss per share (vs ₹1.00 loss in 2Q 2022) Second quarter 2023 results: ₹6.39 loss per share (further deteriorated from ₹1.00 loss in 2Q 2022). Revenue: ₹20.5m (down 65% from 2Q 2022). Net loss: ₹78.9m (loss widened ₹67.1m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Nov 05
Athena Global Technologies Limited to Report Q2, 2023 Results on Nov 14, 2022 Athena Global Technologies Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Oct 01
Athena Global Technologies Limited Announces Resignation of Rajesh Katragadda as Independent Director Athena Global Technologies Limited informed that Mr. Rajesh Katragadda, shall cease to be the Independent Director of the Company with effect from 30th September 2022 i.e., the day of conclusion of 30th Annual General Meeting on account of completion of his tenure. Announcement • Sep 02
Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2022 Athena Global Technologies Limited, Annual General Meeting, Sep 30, 2022. Reported Earnings • Aug 18
First quarter 2023 earnings released: ₹2.58 loss per share (vs ₹0.66 loss in 1Q 2022) First quarter 2023 results: ₹2.58 loss per share (down from ₹0.66 loss in 1Q 2022). Revenue: ₹48.7m (down 11% from 1Q 2022). Net loss: ₹29.9m (loss widened 273% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 07
Athena Global Technologies Limited to Report Q1, 2023 Results on Aug 13, 2022 Athena Global Technologies Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • May 30
Full year 2022 earnings released: ₹6.41 loss per share (vs ₹4.95 loss in FY 2021) Full year 2022 results: ₹6.41 loss per share (down from ₹4.95 loss in FY 2021). Revenue: ₹201.1m (down 23% from FY 2021). Net loss: ₹81.7m (loss widened 39% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 18
Athena Global Technologies Limited to Report Q4, 2022 Results on May 24, 2022 Athena Global Technologies Limited announced that they will report Q4, 2022 results on May 24, 2022 Reported Earnings • Jan 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.63 loss per share (down from ₹2.00 loss in 3Q 2021). Revenue: ₹37.5m (down 41% from 3Q 2021). Net loss: ₹33.5m (loss widened 49% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 25
Board Member recently bought ₹1.7m worth of stock On the 22nd of December, Sunitha Manchala bought around 23k shares on-market at roughly ₹74.05 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 24
Second quarter 2022 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹66.5m (down 11% from 2Q 2021). Net loss: ₹11.8m (down ₹14.3m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹5.70 loss per share (vs ₹2.88 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹283.0m (up 7.2% from FY 2020). Net loss: ₹64.6m (loss widened 98% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Announcement • May 28
Athena Global Technologies Limited announced that it has received INR 8.914 million in funding On May 27, 2021, Athena Global Technologies Limited (BSE:517429) closed the transaction. The company issued 891,400 shares warrant at an issue price of INR 10 per warrant on preferential basis for the proceeds of INR 89,14,000 to Satyendra Manchala. Reported Earnings • Jan 22
Third quarter 2021 earnings released: ₹2.00 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2021 results: Revenue: ₹64.4m (down 8.6% from 3Q 2020). Net loss: ₹22.4m (loss widened 62% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 04
New 90-day high: ₹49.00 The company is up 75% from its price of ₹28.05 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 21% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₹32.45 The company is up 20% from its price of ₹27.05 on 20 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 18% over the same period. Announcement • Aug 23
Athena Global Technologies Limited to Report Q1, 2021 Results on Aug 27, 2020 Athena Global Technologies Limited announced that they will report Q1, 2021 results on Aug 27, 2020 Announcement • Jun 21
Athena Global Technologies Limited to Report Q4, 2020 Results on Jun 24, 2020 Athena Global Technologies Limited announced that they will report Q4, 2020 results on Jun 24, 2020