Alphinat Reports Loss in First Quarter of 2024

Alphinat Inc. reported a net loss of $10,856 for the first quarter ended November 30, 2023, a reversal from a net profit of $9,919 in the same period last year. Revenues declined to $224,738 from $365,954 in 2022. The company continues to focus on sales to the public sector, leveraging its SmartGuide platform among government agencies to enhance productivity and user experiences.

To drive future growth, Alphinat has identified six key areas for solution delivery, including SmartGuide® Grants and Contributions and SmartGuide® Green House Gas Registry solutions. These initiatives target improvements in productivity and environmental impact. Despite the current loss, Alphinat remains committed to expanding its market presence and developing innovative solutions for its clients.