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APL Appulse Corporation

0.31
0.01 (3.33%)
28 Jun 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
  0.01 3.33% 0.31 0.31 0.315 0.315 0.31 0.31 152,500 20:42:23

Reporting Results for the First Quarter of 2012

23/05/2012 9:05pm

Marketwired Canada


Appulse Corporation ("Appulse") (TSX VENTURE:APL) today reported a net income of
$29,000 for the three months ended March 31, 2012 with revenues of $1,544,000,
compared to a net income of $16,000 and revenues of $1,374,000 for the same
three-month period of the previous year. Operating cash flow (net income for the
period adjusted for items not involving cash) for the quarter ended March 31,
2012 of $96,000 compares to operating cash flow of $76,000 for the same
three-month period of 2011. 


Revenues from the sale of centrifuge parts increased 6% compared to the first
quarter of the previous year while service revenues increased 12%. Machine sale
revenues were similar to levels of the same period of the previous year. Parts
and service activities are currently very strong at both the Calgary and
Waterloo locations and continued growth is expected in both of those areas. 


Management notes that machine sale revenues will show a significant improvement
over the next two quarters. This expectation is based upon the level of firm
machine sales now in hand for the current year. Firm sales include those machine
sales already reflected in revenue for the year in addition to those scheduled
for current year delivery with firm purchase orders in hand. Firm machine sales
for fiscal 2012 now exceed $1,600,000. The comparable firm machine sales figure
at this point in time during 2011 was $875,000. In addition, other strong
prospects are currently being addressed. 


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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