Alphinat Announces a Profit of $110,960 for the Quarter Ended May 31, 2020
24 July 2020 - 7:58AM
Alphinat Inc. (TSXV: NPA)
announces a profit of $110,960 for the quarter ended May 31,
2020.
During the quarter under review, Alphinat has
focused its efforts on nurturing and expanding its distribution
channels and on diversifying its offering.
In order to accelerate future growth, Alphinat
has continued to invest in solutions packaging and marketing
SmartGuide along three major areas of focus:
- SmartGuide® Portal Edition for Dynamics 3651,
now available, has optimized the way that clients can now create
and deploy online services on top of Microsoft Dynamics 365. This
offer is available in hosted cloud, SaaS mode as well as on
premises;
- SmartGuide® Municipal Cloud aims at offering
unparalleled productivity to municipalities. Municipalities are
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 solution front ending a partner
solution for an improved user experience for both the client cities
and their citizens.
During the quarter under review, the Company
sold an additional “SmartGuide Enterprise” license to the
government of a Canadian province. Alphinat was also commissioned
to assist clients in delivering digital services built using the
SmartGuide suite, including SmartProfile for authentication and
SmartDB for codeless interaction with databases.
For the 3-month period ended May 31, 20120, the
Company recorded total revenue of $449,514 compared to $305,278 for
the same period in 2019 due mainly to an important increase in
license sales while support revenues saw a decrease.
For the quarter ended May 31, 2020, Net income
before financial expenses, depreciation and amortization amount to
$156,110. The Net income for the period ended May 31, 2020 amounted
to $110,960 or $0.002 per outstanding common share compared to a
loss of $(53,538) or $(0.001) per outstanding common share for the
3-month period ended May 31, 2019.
Alphinat's financial statements and Management's
Discussion and Analysis for the quarter ended May 31, 2020 can be
found on SEDAR, at www.sedar.com.
The company also announces Karyn Pellatt-Caron
has been confirmed as a new member of the board of directors of
Alphinat. “We look forward to working with Karyn for her wealth of
knowledge, insight and counsel.” says Curtis Page, Alphinat
CEO.
About
Alphinat
At Alphinat, we are driven by the passion to
make application development easy for everyone. It always struck us
as odd that the people with the vision of how a finished
application should look and behave would only be involved at the
start of the 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 error prone.
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
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 Page Chief Executive Officer Alphinat Inc. (514)
398-9799 ext 225
1 Dynamics365 and D365 are registered trademarks of Microsoft
Corporation
2 Amanda™ is a registered trademark of Calytera US Inc.
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