Alphinat earns $48,012 in fiscal 2016
2016-12-14 07:55 MT - News Release
Mr. Philippe Lecoq reports
ALPHINAT ANNOUNCES A PROFIT OF $48,012 FOR FISCAL YEAR ENDED AUGUST 31, 2016
Alphinat Inc. had a profit of $48,102 for the fiscal year ended Aug. 31, 2016.
Over the course of the year, management pursued its plan established late in fiscal 2015 to turn the company to sustained profitability. We are happy to report that the company has met its 3 prime objectives for fiscal 2016:
Profitability: reduce expenses that are outside of headquarter operations while focusing on short term sales;Quality: improve quality assurance of SmartGuide projects implemented by our clients and partners; andInnovation: release version 6 of SmartGuide that delivers additional productivity gains and agility to our clients for the development of their mobile web and Cloud applications.
Over the year, Alphinat has concentrated most of its commercial efforts on its partnerships and sales in the public sector. We are pleased to see that SmartGuide is now being used by 25 municipalities, by 8 State/Provincial governments and by the governments of 4 countries, including 3 departments/agencies of the Canadian Federal government.
During fiscal year 2016, we have seen heightened interest from existing clients who had purchased OEM licenses of SmartGuide from our partners to upgrade to our enterprise licenses. Indeed, by using SmartGuide for delivery of the public portal component of a specific back-end system, clients clearly saw the flexibility and productivity that SmartGuide delivers to connect to any back-end system to deliver a seamless and personalized end-user experience for great Web and mobile applications.
Recognizing that packaged SaaS offerings of SmartGuide applications for specific verticals can accelerate the rate of client acquisition, Alphinat has finalized a first solution targeting the financial services industry for which the company has delivered to its first client. The company is also enhancing its packaging to offer a SaaS based serviced to the municipal market.
In 2016, the release of version 6 of SmartGuide was met with enthusiasm from our 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 addressable market potential.
For the 12-month period ended August 31, 2016, the Company recorded total revenue of $1,522,929 compared to $1,437,821 for the same period in 2015. The net earnings for fiscal 2016 amount to $48,012 or $0.001 per (averaged outstanding) common share compared to a net loss of $395,592 or $(0.008) per (averaged outstanding) common share in fiscal 2015.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending August 31, 2016 can be found on SEDAR, at www.sedar.com.
About Alphinat
Alphinat is the creator of SmartGuidetrademark, a next generation application development and deployment productivity toolset providing agility to leverage existing IT 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 (www.smartcitiescouncil.com).
Alphinat technology is also used in the healthcare, banking, insurance, telecommunications and other sectors, in modernising, automating and rendering cost-effective a number of business processes at a fraction of the cost associated with conventional customized solutions. For more details about Alphinat or its software suite, please visit www.alphinat.com.
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