Alphinat loses USD 78,372 for quarter

Alphinat Inc. (TSX VENTURE:NPA) has announced a loss of USD 78,372 for the quarter ended May 31, 2017, the company said.

For the 3-month period ended May 31, 2017, the company recorded total revenue of USD 307,668 compared to USD 417,460 for the same period in 2016.

For the 9-month period ended May 31, 2017, the company recorded total revenue of USD 1,411,053 compared to USD 1,271,693 for the same period in 2016.

The loss for the period ended May 31, 2017 amounted to USD 78,372 or USD 0.002 per outstanding common share compared to earnings of USD 104,183 or USD 0.002 per outstanding common share for the 3-month period ended May 31, 2016.

For the 9-month period ended May 31, 2017, earnings amounted to USD 348,327 compared to USD 182,138 for the same period in 2016.

Alphinat is the creator of SmartGuide®, 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.