Financials out for the quarterTannin and the other guy, (who frequent this board the most)
Financials posted a little earlier than I thoughtllllll
You know, not a bad quarter. At least profitable and seems like the company is more upward bound so I am going to call it a POSITIVE. Lets hope for a better year ahead and keep patient!
Hope that the sales are expanded and move into more non municipal sectors....
GLTA
Accesswire
MONTREAL QC / ACCESSWIRE / December 17, 2020 / Alphinat Inc. (TSXV:NPA) announces a profit of $127,803 for the fiscal year ended August 31, 2020.
During fiscal 2020, Alphinat has concentrated most of its commercial efforts on its partnerships and accelerating sales in the public sector. Furthermore, SmartGuide continues being used by federal government agencies, state / provincial and municipal governments.
Our teams is involved in a variety of strategic projects with very short delivery delays, demonstrating the level of productivity that SmartGuide offers our clients and partners. At Alphinat, we are constantly looking for ways to enhance user experience and interoperability of client IT infrastructures.
SmartGuide allows the IT department to focus on the infrastructure, technical conventions, connections to existing systems and security while business subject matter experts expand on that foundation to convert their knowledge and know-how into citizen-centric online services. SmartGuide has many times demonstrated that it offers our clients and partners the lowest Total Cost of Ownership ("TCO") compared to custom coded solutions.
In order to accelerate future growth, Alphinat has considerably broadens its horizons by now counting four main areas of solution development:
- SmartGuide® Portal Edition for Dynamics 3651, with 2 license sales to a G7 government in fiscal 2020, has optimize the way that clients can now create and deploy online services on top of Microsoft Dynamics 365 CRM solutions. This offering is available in SaaS mode as well as on-premises;
- SmartGuide® GreenHouse Gas Registry is a green fintech solution allowing governments and industry to work together in reducing the harmful effects of greenhouse gases;
- 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.
- SmartGuide® CIVIC Portal for Amanda™2 is a derivative of the Municipal Cloud solution front ending a partner solution for an improved user experience for both the client cities and their citizens be it on-premises on in a secure-cloud offering.
During 2020, our R&D team has continued to improve SmartGuide and SmartGuide derivative products in order to support the growing ambitions and demands of our clients and partners all while supporting our own strategic growth.
The team delivers solutions to various federal, state / provincial government agencies and municipalities across North America and Europe. In addition, the company continues to be involved in supporting its partners to ensure the delivery of solutions to government customers.
For the 12-month period ended August 31, 2020, the Company recorded total revenue of $1,372,185 compared to $1,298,588 for the same period in 2019. The net earnings for fiscal 2020 amount to
$127,803 or $0.002 per common share compared to net earnings of $517 or $0.00001 per common share in fiscal 2019.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending August 31, 2020 can be found on SEDAR, at www.sedar.com.