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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Appulse Corporation | TSXV:APL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.21 | 0.21 | 0.215 | 0.21 | 0.21 | 0.21 | 15,604 | 00:00:00 |
Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a loss of $14,000 for the three months ended March 31, 2010 with revenues of $1,895,000, compared to a loss of $66,000 and revenues of $1,497,000 for the same three-month period of the previous year. A positive operating cash flow for the quarter of $27,000 compares to a negative operating cash flow of $13,000 for the same three-month period of 2009. The increase in revenue is attributed to a higher level of machine sales. Total margins achieved in the first quarter, however, fell short of the previous year reflecting the specific product mix and a very competitive environment prevalent during the later part of 2009. General and administrative overhead costs were lower during the quarter compared to the previous year and will continue to reflect cost reduction initiatives now implemented. Service and parts activities are currently very strong at both the Calgary and Waterloo locations and current prospects will lead to increased machine sale revenues for the current fiscal period compared to those recorded in 2009. About Appulse Through its subsidiaries, Centrifuges Unlimited Inc., Rolyn Oilfield Services Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales, servicing and refurbishing of centrifuge equipment, serving both domestic and international markets, and offers full service industrial machining. The Corporation continues to pursue expansion to its product base and geographic markets, in addition to adopting a program of controlled acquisitions complementing its current activities. Further information on Appulse and its subsidiaries can be obtained through the Corporation's website, at www.appulsecorp.net and on SEDAR at www.sedar.com. Certain statements in this release are forward looking and the reader is cautioned that such information, although considered reasonable by the Corporation at the time of preparation, may prove to be incorrect.
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