The company’s $32.2 million AI lab contract and 119 million-user GAMEE platform underpin its near-term revenue outlook.
Alpha Compute Corp. (ALP) projected $21 million in next-twelve-months (NTM) revenue, signaling progress in its shift to AI GPU-as-a-service and confidential compute. The outlook follows a $32.2 million, two-year contract with an AI research firm, generating $16.1 million in annual contracted revenue.
ALP’s revenue base expands beyond the initial contract, with GAMEE’s 119 million registered users and 10 billion gameplays contributing to 56% year-over-year revenue growth in Q1. The company’s ALPHA-01 cluster, featuring 504 NVIDIA B200 GPUs, is operational, while ALPHA-02 targets 576 B300 GPUs in Sweden by Q3 2026.
ALP trades at 0.41x NTM sales, significantly below the peer average of 11.85x, despite early revenue visibility from contracted AI compute operations.