Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Earnings Neutral

Alphinat Announces a Net Loss of $(166,109) for Quarter Ended February 28, 2026

Alphinat Reports Q2 Loss Despite YoY Revenue Stability, Profitability Volatility Persists

By The Northwire Desk — AI Analysis Apr 29, 2026 · 13:38 NPA
Executive Summary
  • Most Recent Release (2026-04-29): Alphinat reported a net loss of $166,109 for Q2 FY2026 (ended Feb 28, 2026). Revenue was $183,749.
  • YoY Comparison: The loss narrowed from $188,216 in Q2 FY2025. Revenue increased slightly from $182,884 to $183,749.
  • Sequential Comparison: Contrasts sharply with Q1 FY2026 (ended Nov 30, 2025), where the company reported a net profit of $89,282 on revenue of $370,849.
  • FY2025 Context: Full fiscal year ended Aug 31, 2025, showed audited net earnings of $120,155 and revenue growth of 28.9% to $1.44M.
  • Business Focus: Continued emphasis on SmartGuide suite for public sector (federal, state/provincial, municipal). Key products include Grants & Contributions, Dynamics 365 Portal, GHG Registry, Claims, CIVIC Portal, and SmartProfile SSO.
Material Impact
  • Profitability Volatility: The shift from a $89k profit in Q1 to a $166k loss in Q2 is concerning for a company of this scale ($1.4M annual revenue). While the headline highlights YoY improvement, the sequential deterioration suggests inconsistent cash flow or project billing cycles.
  • Revenue Stagnation: Revenue growth has stalled at the quarterly level. Q2 revenue ($183k) is roughly half of Q1 revenue ($370k), indicating high seasonality or reliance on large, irregular government contracts rather than recurring SaaS stability.
  • Scale Risk: The absolute dollar amounts involved are negligible for public market investors (losses in the hundreds of thousands). This limits institutional interest and liquidity.
  • No New Catalysts: No new partnerships, strategic investments, or major contract wins were announced in this release compared to previous quarters. It is a standard earnings update confirming existing operations without acceleration.
NPA · Price
Company Overview
  • Overview: Alphinat Inc. develops software solutions primarily for government agencies. It operates a niche in public sector administration tools.
  • Flagship Product: SmartGuide® suite. This includes modules for Grants & Contributions, Portal Edition (Dynamics 365), GHG Registry, Claims, CIVIC Portal, and SmartProfile SSO.
  • Development Stage: Mature product line with version 12 development noted in FY2025 release ("LIVEaiASSIST").
  • Client Base: Federal, state/provincial, and municipal agencies across North America and Europe. Three provincial clients for GHG Registry specifically mentioned.
Read the original news release →

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