NPA hit $0.10 today, 3 bagger is just under 2 months is pretty good. Earnings for Q1 were great, but their balance sheet still needs a lot of work. Given the price, ARD or SNF is still a better buy if you compare asset/debt ratio, cash, common shares outstanding and insider holdings.
Alphinat earns $259,243 in Q1
2017-01-24 18:21 MT - News Release
Mr. Philippe Lecoq reports
ALPHINAT ANNOUNCES A PROFIT OF $259,243 FOR THE QUARTER ENDED NOVEMBER 30, 2016
Alphinat Inc. had a profit of $259,243 for the quarter ended Nov. 30, 2016.
The quarter under review has seen an acceleration in sales with OEM (original equipment manufacturer) partners, both for OEM licences, as well as enterprise licences, of SmartGuide. The enterprise licence of SmartGuide allows clients to deliver e-services that connect into multiple back-end systems, therefore ensuring a more streamlined user experience.
The company continues to be involved with delivery of projects with various agencies of Canadian federal government. These projects have led to further discussions with current and prospective clients and partners.
For the three-month period ended Nov. 30, 2016, the company recorded total revenue of $603,985 compared with $380,850 for the same period in 2016. The earnings for the period ended Nov. 30, 2016, amounted to $259,243 or 0.5 cent per outstanding common share compared with earnings of $30,983 or 0.1 cent per outstanding common share for the three-month period ended Nov. 30, 2015.
Also, Alphinat announces the issuance, on Jan. 23, 2017, of stock options, representing a total of 1,758,544 common shares, to directors and employees of the company. The exercise price on the options, which expire on Nov. 30, 2021, is 12 cents.
Alphinat's financial statements and management's discussion and analysis for the period ended Nov. 30, 2016, can be found on SEDAR.
About Alphinat
Alphinat is the creator of SmartGuide, a next-generation application development and deployment productivity tool set providing agility to leverage existing information technology assets and lower costs for a one-stop-delivery tool of Web and mobile enterprise applications from any back-end system.
Alphinat has been appointed by technology company peers to associate member at the Smart Cities Council.
Alphinat technology is also used in the health care, banking, insurance, telecommunications and other sectors, in modernizing, automating and rendering cost-effective various business processes at a fraction of the cost associated with conventional customized solutions.
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