Alphinat Announces a Profit Before Non-Cash Charges of $21,937 and a Net Loss to $(5,848) for Fiscal 3rd Quarter Ended May 31, 2023

MONTREAL, QC / ACCESSWIRE / August 3, 2023 / Alphinat Inc. (TSXV:NPA) announces revenues of $393,621 for fiscal quarter ended May 31, 2023, as compared to $518,750 for quarter ended May 31, 2022 with a net loss to $(5,848) for the fiscal quarter ended May 31, 2023, compared to a net profit of $197,285 in the same period of fiscal 2022.

During the quarter ended May 31, 2023, Alphinat concentrated most of its commercial efforts on project deliveries for digital service to the public sector, partnerships, and license sales. SmartGuide low code software continues to be used by federal,agencies , state / provincial and municipal governments to create the best user experience and solution deliveries, gaining enhanced productivity.

Overview - SmartGuide® brings faster agile development with LIVEaiASSIST to the Cloud, Web and mobile leveraging Artificial Intelligence (AI) to further accelerate the creation of complex digital applications for public sector. Alphinat sells SmartGuide® software and SmartGuide solutions which are used for development and delivery of advanced digital services and secure portal solutions for governments to meet their citizens expectations for digital government.

In order to accelerate future growth, Alphinat has considerably broadened its horizons by now counting five main areas of solution deliveries:

1. SmartGuide® Grants and Contributions solution (SmartGrants.ca) was developed in conjunction with a federal department of the Canadian Government. This platform offers unparalleled productivity for federal, state and municipal clients creating calls for grants including financial program creations for applications, adjudication and payments;
2. SmartGuide® Portal Edition for Dynamics 365¹ (smartD365.com) 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;
3. SmartGuide® Green House Gas Registry solutions (SmartGHGR.ca) is a green fintech solution allowing governments and industry to work together in reducing the harmful effects of greenhouse gas. Alphinat currently has three provincial clients for our SmartGHGR.ca solution;
4. SmartGuide® Claims solutions (SmartClaims.ca) was developed in conjunction with a major IT consulting partner, which aims at offering unparalleled productivity to federal, state and municipal clients for financial claims applications, adjudication and settlements for financial compensation and class action settlements;
5. SmartGuide® CIVIC Portal, CIVIC Portal for Permits & Licensing (PermitSmart.ca) and SmartGuide® Municipal Cloud are Municipal Cloud and on-premises solutions front ending partner solutions and other digital services for improved user experience for both the cities and their citizens.

Alphinat's financial statements and Management's Discussion and Analysis for the period ending May 31, 2023, can be found on SEDAR+, at www.sedarplus.ca.