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Thread: NPA.V - Alphinat Inc.

  1. #1
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    NPA.V - Alphinat Inc.

    Alphinat Inc(NPA.V) Due Diligence Report

    Price: $0.03
    Common Shares: 50,213,220
    Insider Holdings: 23,447,985 or 47% as per the last filed information circular
    Website: www.alphinat.com
    Sales-Profit
    Q1 2016 - $380,850 - $30,983
    Q2 2016 - $473,381 - $46,790
    Q3 2016 - $417,460 - $104,183
    Total Sales & Profit for 2016- $1,271,693 - $182,138
    Earnings per share - $0.0036
    Total Sales & Loss for 2015 - $1,092,000 – ($249,200)

    ASSETS
    Cash: $22,213
    Accounts Receivable: $418,924
    Work in progress: $17,010
    Prepaid Expenses: $16,115
    Fixed Assets: $8,074
    Intangible Assets: $4,624
    Total Assets: $486,960

    LIABILITIES
    Accounts Payable: $630,261
    Deferred Revenue: $282,214
    Loan from company: $75,000
    Loan from individual: $9,160
    Loan from director: $35,000
    Loan from company under common control: $50,000
    Debenture: $1,056,211
    Total Liabilities: $2,137,846
    MD&A Highlights

    Alphinat provides online self-service tools and workspaces that make it easy to deal with an organization. Its software suite simplifies, accelerates and improves interactions with all business constituents.

    During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its offering. The Company has also given particular attention to ensuring high quality delivery of major projects. The projects will be strong showcases of SmartGuide’s capabilities in the public sector, at the Federal as well as State levels.

    As at May 31, 2016, the Company had cash and cash equivalence totalling $22,213. This amount includes cash for an amount of $22,213 and a Bank overdraft for an amount of $0. As at August 31, 2015, the Company had cash and cash equivalents totalling $4,588. This amount includes cash for an amount of $4,588 and a Bank overdraft in the amount of $0.

    In order to finance its operations, the Company relies on receipts from accounts receivable, loans from shareholders, directors and individuals related to a director, the use of repayable funding through the Business and Regional Growth program of Economic Development Canada that Alphinat was awarded, proceeds resulting from Class A and Class B Debentures the Company announced on August 6, 2013 and future contracts for major license sales and professional services related to these licenses and ongoing projects.

    The Company believes that current funds available, loans from shareholders, directors and individuals related to a director, proceeds resulting from Class A and Class B Debentures the Company announced on August 6, 2013, non-claim of repayment of a loan from a company under common control and of a loan from an individual related to a Director, as well as funds it will obtain upon entering into contracts from initiatives under way will enable it to recruit the additional personnel required to ensure its growth and to meet its financial obligations as they become due.

    During the quarter ended May 31, 2016, 300,000 options expired. At that date, there were 1,790,000 options outstanding with an average exercise price of $0.12, a weighted contractual life of 24 months. As of the date of this report, there were 1,790,000 options outstanding.
    The bank loan amounted to $0 as at May 31, 2016 compared to $20,000 as at August 31, 2105. Since December 2015, the Company does not have a line a credit.

    Accounts payable and accrued charges decreased from $911,324 as at August 31, 2015 to $630,261 as at May 31, 2016. This decrease results from payment of accounts payable.
    Deferred revenue increased from $211,550 as at August 31, 2015 to $282,214 as at May 31, 2016. This increase is mainly due to the renewal of license maintenance and support contracts that must be recognized over the period of the contract.

    The loan from a private company represents advances of $65,000 and $10,000 from a private company, bearing interest at an annual rate of 12%, which are payable monthly, with no maturity date. As at May 31, 2016, subordinated advances from a director and individuals related to a director amounted to $9,160, unchanged as compared to August 31, 2015. This loan does not bear interest.

    As at May 31, 2016, loan from a director amounted to $35,000, unchanged as compared to August 31, 2015. This loan bears interest at an annual rate of 12%, which are payable monthly, with no maturity date.

    As at May 31, 2016, loan from a company under common control amounted to $50,000 bearing interest at an annual rate of 12%, which are payable monthly, with no maturity date.
    Outlook

    Alphinat specializes in the development and marketing of a Cloud-related next generation rapid application development (RAD) platform with a service-oriented architecture (SOA) approach that simplify and accelerate the implementation of applications, sites and portals designed to meet specific user needs while ensuring reuse of computer resources and experience within an organization.

    The Company’s products respond to a real need in the market, which is definitely moving toward the deployment of reusable services and the use of organizations’ internal expertise. Market expectations show that 80% of new applications developments will be done through the development of composite applications (i.e. assembly and reuse of existing functionalities) rather than traditional applications development. The Company’s SmartGuide® suite is the result of years of experience with customers who saw the need to customize access to their data and processes based on users’ needs and situation regardless of where the computer systems were located. This capability is crucial for making it easier for citizens and businesses to deal with the government, whose operations lead to many complex procedures.

    Alphinat’s unified access layer is part of the Government of Quebec’s new generation of service portals that are currently being deployed. The Company is actively working to build on this added value and to establish an integrated support, training and service delivery plan for its software solution. There is a strong potential for Alphinat’s “turnkey” solution in the public and private sector markets. Indeed, in most large administrations, the number of retirements anticipated over the coming decade, the increasing number of procedures and their increasing complexity, and the reduction of operating budgets, require an improvement in the public and private sector’s productivity while users press for a radical simplification of the administrative burden.

  2. #2
    Senior Member
    Join Date
    Apr 2015
    Location
    Canada
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    Symbol C : NPA
    Shares Issued 50,213,220
    Close 2016-12-02 C$ 0.04
    Recent Sedar Documents
    View Original Document
    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; and
    Innovation: 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.

    We seek Safe Harbor.

    © 2016 Canjex Publishing Ltd. All rights reserved.

  3. #3
    Senior Member
    Join Date
    Apr 2015
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    NPA hit $0.10 today, 3 bagger is just under 2 months is pretty good. Earnings for Q1 were great, but their balance sheet still needs a lot of work. Given the price, ARD or SNF is still a better buy if you compare asset/debt ratio, cash, common shares outstanding and insider holdings.

    Alphinat earns $259,243 in Q1

    2017-01-24 18:21 MT - News Release

    Mr. Philippe Lecoq reports

    ALPHINAT ANNOUNCES A PROFIT OF $259,243 FOR THE QUARTER ENDED NOVEMBER 30, 2016

    Alphinat Inc. had a profit of $259,243 for the quarter ended Nov. 30, 2016.

    The quarter under review has seen an acceleration in sales with OEM (original equipment manufacturer) partners, both for OEM licences, as well as enterprise licences, of SmartGuide. The enterprise licence of SmartGuide allows clients to deliver e-services that connect into multiple back-end systems, therefore ensuring a more streamlined user experience.

    The company continues to be involved with delivery of projects with various agencies of Canadian federal government. These projects have led to further discussions with current and prospective clients and partners.

    For the three-month period ended Nov. 30, 2016, the company recorded total revenue of $603,985 compared with $380,850 for the same period in 2016. The earnings for the period ended Nov. 30, 2016, amounted to $259,243 or 0.5 cent per outstanding common share compared with earnings of $30,983 or 0.1 cent per outstanding common share for the three-month period ended Nov. 30, 2015.

    Also, Alphinat announces the issuance, on Jan. 23, 2017, of stock options, representing a total of 1,758,544 common shares, to directors and employees of the company. The exercise price on the options, which expire on Nov. 30, 2021, is 12 cents.

    Alphinat's financial statements and management's discussion and analysis for the period ended Nov. 30, 2016, can be found on SEDAR.

    About Alphinat

    Alphinat is the creator of SmartGuide, a next-generation application development and deployment productivity tool set providing agility to leverage existing information technology 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.

    Alphinat technology is also used in the health care, banking, insurance, telecommunications and other sectors, in modernizing, automating and rendering cost-effective various business processes at a fraction of the cost associated with conventional customized solutions.

    We seek Safe Harbor.

    © 2017 Canjex Publishing Ltd. All rights reserved.

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