MONTREAL (Quebec), July 28, 2015
Alphinat Inc. (TSXV: NPA) announces its results for the quarter ended May 31, 2015.
During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its geographic and industry sector presence.
Our sustained efforts with the Federal Government of Canada have been rewarded with a new SmartGuide license sale that is being delivered with one of our partners.
The quarter under review also saw Alphinat conclude the sale of a SmartGuide license sale with a Provincial liquor and gaming authority in Canada.
Over the last few months, our R&D efforts have been mainly focused on finalizing version 6 of SmartGuide (v6), which will ship in September. Initial demonstrations of v6 have been met with great interest by potential clients and partners. Improvements in usability and additions of native functionality further lower the technical barrier to be able to use SmartGuide while providing Alphinat with a larger market potential.
For the 3-month period ended May 31, 2015, the Company recorded total revenue of $477,492 compared to $516,287 for the same period in 2014. For the 3-month period ended May 31, operating expenses amounted to $365,150 in 2015 compared to $477,613 in 2014. Net earnings for the period ended May 31, 2015 amounted to $65,090 or $0.001 per outstanding common share compared to net earnings of $4,626 or $0.0001 per outstanding common share for the 3-month period ended May 31, 2014.
Alphinat’s financial statements and Management’s Discussion and Analysis for the quarter ending May 31, 2015 can be found on SEDAR, at www.sedar.com.
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.