MONTREAL, QC / ACCESSWIRE / July 29, 2021 / Alphinat Inc. (TSXV: NPA) announces profit of $ 105,250 for the quarter ended May 31, 2021
During the quarter under review, Alphinat concentrated its efforts on the development and expansion of its distribution channels and on the diversification of its offer.
In order to accelerate its future growth, Alphinat has focused on four main areas of developing solutions with our SmartGuide technology:
- SmartGuide ® Portal Edition for Dynamics 365  , has optimized the way customers can now build and deploy online services in addition to Microsoft Dynamics 365 CRM solutions, including grants and contributions solutions for several federal departments and agencies. This offer is available in SaaS mode as well as locally;
- SmartGuide® Greenhouse Gas Registry is a green financial technology solution that enables governments and industry to work together to reduce the harmful effects of greenhouse gases;
- SmartGuide ® Municipal Cloud aims to deliver unmatched productivity to municipalities. Municipalities will be able to choose from a catalog of predefined applications. SmartGuide further accelerates the speed at which they can deploy citizen-centric services. These services include service requests, permit and license applications as well as many other digital services and internal applications for citizens;
- SmartGuide ® CIVIC Portal for Amanda ™  is a derivative of the Municipal Cloud solution ending in a partner solution for an improved user experience for both client cities and their citizens to be deployed on premises or in a secure cloud offering.
During the quarter under review, the Company sold additional “SmartGuide SaaS” licenses to the Government of Canada through a partner. Alphinat was also tasked at the end of the third quarter to rapidly deliver a SaaS-based class action settlement portal for a provincial justice ministry that went into production in July 2021. The company was also in the final stages of delivering a ‘a business portal solution for a city in the province of Ontario.
For the three-month period ended May 31, 20921, the Company recorded total revenues of $ 495,796,305,278 compared to $ 248,667,449,514 for the same period in 2020 mainly due to a one-time increase in related professional services to a federal department. and Contributions, a provincial greenhouse gas registry solution, a municipal portal for an Ontario city and while support license sales increased slightly due to additional license sales from previous periods.
For the quarter ended May 31, 201921, the net income loss was (18,499) $ 105,251 or $ 0.0017 per share. The net income loss for the period ended May 31, 201920 was $ (53,538) 110,960 or (0.001) $ 0.002 per common share outstanding.
Alphinat’s financial statements and MD&A for the quarter ended May 31, 2021 are available on SEDAR at www.sedar.com.
At Alphinat, we are driven by a passion to make app development easy for everyone. It has always struck us as odd that people with insight into the appearance and behavior of a finished application are only involved at the start of the process. After all, what better way to ensure a favorable outcome than to provide those closest to the end users of an application with a vested interest in its success throughout its development?
That’s why we’re bringing you new ways to empower the right people at the right time in the app development process. At the same time, we are constantly working to reduce the need for coding in order to make the development and maintenance of applications simpler and less prone to errors.
So, whether you choose to develop your applications using our low-code SmartGuide® platform, launch your project using one of our predefined applications or contact us or contact one of our partners to get the job done for you, we’re here to help you deploy better apps in record time. Visit https://www.alphinat.com for more information. We look forward to hearing from you.
Certain statements contained in this document, including those which express management’s expectations or estimates regarding the future performance of the Company, constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are, of necessity, based on a number of estimates and assumptions; although management believes they are accurate at the time they are expressed, they are inherently subject to significant business, economic and competitive risks and uncertainties. We inform readers that these forward-looking statements are subject to risks, uncertainties and other known and unknown factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements. expressed or implied. in these forward-looking statements. A number of factors could cause actual results to differ materially from those described in forward-looking statements. These include, without limitation, the Company’s ability to increase market acceptance of its products and enter 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; maintain the Company’s intellectual property rights and defend against litigation involving these rights; the Company’s dependence 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 not exhaustive list of factors that could influence any of our forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. This opinion applies to all forward-looking statements, whether expressed orally or in writing, attributed to Alphinat or to any person expressing them on behalf of the Company. The Company has no obligation to publicly update these forward-looking statements, whether to reflect new information, future events or other circumstances. The risks and uncertainties weighing on the Company are described in more detail in the Company’s annual report.
Neither the 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 more information, please contact:
Mr. Curtis Page
Chief Executive Officer Alphinat inc.
(514) 398-9799 ext 225
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 Dynamics 365 is a trademark of Microsoft Corporation
 Amanda ™ is a registered trademark of Granicus
THE SOURCE: Alphinat inc.
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