Alphinat Announces a Profit of $517 for Fiscal Year Ended August 31, 2019
25 December 2019 - 7:17AM
Alphinat Inc.
(TSXV: NPA) announces a profit of
$517 for the fiscal year ended August 31, 2019.
During fiscal 2019, Alphinat has concentrated
most of its commercial efforts on its partnerships and accelerating
sales in the public sector. Furthermore, SmartGuide continues being
used by federal government agencies , state / provincial and
municipal governments.
Our teams is involved in a variety of strategic
projects with very short delivery delays, demonstrating the level
of productivity that SmartGuide offers our clients and partners. At
Alphinat, we are constantly looking for ways to enhance user
experience and interoparability of client IT infrastructures.
SmartGuide allows the IT department to focus on
the infrastructure, technical conventions, connections to existing
systems and security while business subject matter experts expand
on that foundation to convert their knowledge and know-how into
citizen-centric online services. SmartGuide has many times
demonstrated that it offers our clients and partners the lowest
Total Cost of Ownership (“TCO”) compared to custom coded
solutions.
In order to accelerate future growth, Alphinat has considerably
broadens its horizons by now counting three main areas of solution
development:
- SmartGuide® Portal Edition for Dynamics 3651,
with 4 license sales to a G7 government in fiscal 2019, has
optimize the way that clients can now create and deploy online
services on top of Microsoft Dynamics 365 CRM solutions. This
offering is available in SaaS mode as well as
on-premises;
- SmartGuide® Municipal Cloud aims at offering
unparalleled productivity to municipalities. Municipalities will be
able to choose from a catalogue of pre-built applications, further
accelerating the speed at which they can deploy citizen-centric
services. These services include service requests, permitting and
licensing as well as numerous other citizen-facing services and
internal applications.
- SmartGuide® CIVIC Portal for Amanda™2 is a
derivative of the Municipal Cloud solution front ending a partner
solution for an improved user experience for both the client cities
and their citizens be it on-premises on in a secure-cloud
offering.
During 2019, our R&D team has continued to
improve SmartGuide and SmartGuide derivative products in order to
support the growing ambitions and demands of our clients and
partners all while supporting our own strategic growth.
For the 12-month period ended August 31, 2019, the Company
recorded total revenue of $1,298,588 compared to $1,116 781 for the
same period in 2018. The net earnings for fiscal 2019 amount to
$517 or $0.00001 per (averaged outstanding) common share compared
to net loss of of ($347,138) or ($0.007) per (averaged outstanding)
common share in fiscal 2018.
Alphinat's financial statements and Management's
Discussion and Analysis for the period ending August
31, 2019 can be found on SEDAR, at www.sedar.com.
About Alphinat
At Alphinat, we are driven by the passion to
make application development easy for everyone and system
interoperability issues a thing of the past. We enable people with
the vision of how a finished application should look and behave to
be a major part of the development process. After all, what better
way to ensure a favourable outcome than to provide those closest to
an application’s end-users with a vested interest in its success
throughout its development?
That’s why we bring you new ways to empower the
right people at the right time in the application development
process. At the same time, we’re constantly working to reduce the
need to code in order to make application development and
maintenance simpler and less errorprone.
So, whether you choose to develop your applications
with the help of our low-code platform SmartGuide®, kickstart your
project using one of our pre-built apps or engage us or one of our
partners to do the work for you, we’re here to help you deploy
better applications in record time. Visit us
at https://www.alphinat.com for more information. We look
forward to hearing from you.
Forward-looking statements
Certain statements in this document, including
those which express management's expectations or estimations with
regards to the Company's future performance constitute
"forward-looking statements" as understood by applicable
securities laws. Forward-looking statements are, of necessity,
based on a certain number of estimates and hypotheses; while
management considers these to be accurate at the time they are
expressed, they are inherently subject to significant uncertainties
and risks on the commercial, economic and competitive levels. We
advise readers that these forward- looking statements are subject
to risks, uncertainties, and other known and unknown factors that
may cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied in these
forward-looking statements. A number of factors could cause
significant differences between actual results and those described
in forward-looking statements. These include, but are not limited
to, the Company's capacity to increase acceptance of its products
on the market, and to penetrate new markets; the potential
existence of defects or undetected problems in the Company's
products; the Company's ability to manage its growth; the Company's
ability to compete with others; potential commitments; maintaining
the Company's intellectual property rights and defending against
litigation putting those rights in question; the Company's reliance
on the knowledge of its key personnel; and the Company's access to
sufficient capital to finance its future needs. This is a partial
and non-exhaustive list of factors that could bear on any of our
forward-looking statements. Investors are advised to not rely
unduly on the forward-looking statements. This advisory applies to
all forward-looking statements, whether expressed orally or in
writing, attributed to Alphinat or to any individual expressing
them in the name of the Company. The Company is under no obligation
to publicly update these forward-looking statements, whether to
reflect new information, future events, or other circumstances.
Risks and uncertainties that bear on the Company are described in
greater detail in the Company's Annual Report.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information please
contact:
Mr. Curtis PageChief Executive Officer Alphinat Inc. (514)
398-9799 ext 225
1 Dynamics 365 is a trademark of Microsoft Corporation
2 Amanda™ is a registered trademark of Calytera
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