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APL Appulse Corporation

0.43
0.00 (0.00%)
31 May 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% 0.43 0.435 0.45 0 21:00:01

Appulse Corporation: Reporting Results for the Six Months Ended June 30, 2010

19/08/2010 9:05pm

Marketwired Canada


Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported revenues of
$3,317,000 for the six months ended June 30, 2010, compared to $2,704,000 for
the same six-month period of the previous year. The Corporation reported a net
loss of $46,000 for the first six months of 2010, compared to a net loss of
$275,000 for the same period of the previous year. A positive operating cash
flow for the six-month period of $33,000 compares to a negative operating cash
flow of $247,000 for the same period of 2009. 


The increase in revenue is primarily attributed to higher levels of parts and
service sales. Operating and general administrative overhead costs were lower
during the second quarter when compared to the previous year reflecting overhead
cost reduction initiatives implemented during the first half of the year. While
machine sales during the second quarter were low, current prospects indicate
improved levels for the remainder of the year and service and parts activities
continue to be strong at both the Calgary and Waterloo locations. 


At June 30, 2010, the Corporation has debentures outstanding in the amount of
$165,000. The debentures are held by directors of the Corporation and were
extended past their initial five-year term. The original debentures featured an
option to convert to common shares. Pursuant to policy of the TSX Venture
Exchange, such conversion options cannot extend further than five years and the
Corporation has therefore cancelled the conversion option attached to the
debentures. 


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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1 Year Appulse Chart

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