Alphinat Announces a Loss of $107,418 for the Quarter Ended May 31, 2018

Alphinat (TSXV:NPA), announced a loss of CS$107,418 for the quarter ended May 31, 2018.

The company that is engaged in the application development said that during the quarter, it has focused its efforts on nurturing and expanding its distribution channels on diversifying its offering.

As quoted in the press release:

In order to accelerate future growth, Alphinat has continued to invest in new products based on SmartGuide along two major areas of focus:

1. SmartGuide Portal Edition for Dynamics 365, which will be available in early 2018, 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;
2. 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 to 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.

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.

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