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APL Appulse Corporation

0.31
0.00 (0.00%)
01 Jul 2024 - Closed
Delayed by 15 minutes
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% 0.31 0.31 0.315 0 01:00:00

Appulse Corporation: Reporting Results for the First Quarter of 2011

17/06/2011 12:00am

Marketwired Canada


Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of
$16,000 for the three months ended March 31, 2011 with revenues of $1,374,000,
compared to a loss of $13,000 and revenues of $1,895,000 for the same
three-month period of the previous year. Operating cash flow (net income or loss
for the period adjusted for finance expenses and items not involving cash) for
the quarter ended March 31, 2011 of $84,000 compares to operating cash flow of
$38,000 for the same three-month period of 2010. 


Revenues from the sale of centrifuge parts and service increased compared to the
first quarter of the previous year while the timing of machine sales resulted in
the overall decrease in revenues. The impact of the revenue reduction was more
than offset by the increase in the total gross margin percentage and a reduction
in general and administrative costs. Parts and service activities are currently
very strong at both the Calgary and Waterloo locations and management expects an
increase in the level of machine sales during the remainder of the current year.
The first quarter financial statements present the Corporation's first reporting
under International Financial Reporting Standards ("IFRS"). Results of
operations for the quarters ended March 31, 2011 and 2010 were not significantly
impacted by the conversion to IFRS. 


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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