Alphinat Reports Profit for Fiscal Year 2023 Despite Revenue Decline

Alphinat Inc. announced a profit of $84,870 for the fiscal year ending August 31, 2023. The revenue for this period was $1,423,902, a decrease from $1,651,074 in 2022. The company saw a net earnings decline from $112,751 in the previous year. Despite this, profitability was achieved due to strategic focus on partnerships and public sector solution sales.

Alphinat's SmartGuide platform continues to be prominent, used by various government bodies to enhance productivity and reduce total ownership costs. The company has concentrated on six solution areas to drive future growth, including grants management, CRM optimization, and green technology solutions.

Research and development efforts expanded SmartGuide capabilities, introducing version 11 with LIVEaiASSIST©. The company delivers solutions across North America and Europe. Full financial details are available on SEDAR.