Alphinat announces net loss of $107,651 for the fiscal quarter ended November 30, 2011
Feb 29, 2012, 17:07 ET
MONTREAL, Feb. 29, 2012 /CNW Telbec/ - Alphinat Inc. (TSXV: NPA) announces its results for the fiscal quarter ended November 30, 2011.
For the quarter under review, the company recorded revenue and deferred revenue for a total amount of $641,213 (Revenue: $271,999 and Deferred revenue: $369,214).
For the 3-month period ended November 30, 2011, the Company recorded total revenue of $271,999 compared to $260,354 for the same period in 2010. It is important to note the shift in sources of revenue. In fact, License revenue has more than doubled while Professional services revenue has dropped to zero. This is representative of the company's shift to focus on the sales of its products as well of the success of the Partner training and support programs, rendering them completely autonomous to deliver services related to SmartGuide.
For the 3-month period ended November 30, operating expenses increased from $276,365 in 2010 to $379,650 in 2011. This increase is reflective of the company's growing commercialization efforts.
The net loss for the 3-month period ended November 30, 2011 is $107,651 or $0.002 per outstanding common share compared to net earnings of $15,716 or $0.0004 per outstanding common share for the corresponding period in 2010.
Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending November 30, 2011 can be found on SEDAR, at www.sedar.com.
Software for the Smart Enterprise™ providing agility to leverage existing IT assets and lower costs.
Alphinat develops, markets and supports software technology that enables non-technical managers to configure and deploy form based Web and mobile applications and utilities that helps organizations and governments better serve clients whether they are looking to deploy on premise or in the Cloud. This technology uses sophisticated data organization and processing software to automate interactions between systems, employees, clients, suppliers and partners. The software seamlessly integrates into complex environments permitting a high level of collaboration in delivering user-centric services while leveraging existing IT assets. It provides efficient and cost-effective solutions to clients at both the time of acquisition and on an ongoing basis.
Alphinat technology could also be 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.
Certain statements in this document, including those which express management's expectations or estimations with regard to the Company's future performance, constitute "forward-looking statements" as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. A number of factors could cause significant differences between actual results and those described in forward-looking statements. These include, but are not limited to, the Company's and CCFL Capital's ability to find subscribers in connection with the proposed private placement. This is only one of the factors that could bear on any of our forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to Alphinat or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. Risks and uncertainties that bear on the Company are described in greater detail in the Company's Annual Report.
Neither 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 further information:
Mr. Philippe Lecoq
Chief Executive Officer Alphinat Inc.
(514) 398-9799 ext 222
Share this article