MONTREAL (Quebec), July 30, 2018 – Alphinat Inc. (TSXV: NPA) announces a loss of $107,418 for the quarter ended May 31, 2018.
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 new products based on SmartGuide along two major areas of focus:
- SmartGuide Portal Edition for Dynamics 365, which will be available in early 2019, will optimize the way that clients create and deploy online services on top of Microsoft Dynamics 365. This offering will be 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.
During the quarter under review, the Company sold an additional SmartGuide license the government of a Department in France. 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, 2018, the Company recorded total revenue of $248,667 compared to $307,668 for the same period in 2017. The loss for the quarter ended May 31, 2018 amounted to $(107,418) or $(0.002) per outstanding common share compared to a loss of $(78,372) or $(0.002) per outstanding common share for the 3-month period ended May 31, 2017.
Alphinat’s financial statements and Management’s Discussion and Analysis for the quarter ended May 31, 2018 can be found on SEDAR, at www.sedar.com.
The company also announces Kathryn Willson’s resignation from the board of directors of Alphinat to commit all of her time to a new role within Microsoft. “We wish to thank Kathryn for her years of service and sound advice, we wish her the best of success in her new endeavours.” says Philippe Lecoq, Alphinat CEO.
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 http://www.alphinat.com for more information. We look forward to hearing from you.
Certain statements in this document, including those which express management’s expectations or estimations with regard 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. 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. Unless required by law, 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.