Market Overview

Appulse Corporation: Reporting results for the First Quarter of 2017


Appulse Corporation: Reporting results for the First Quarter of 2017

Appulse Corporation: Reporting results for the First Quarter of 2017

CALGARY, ALBERTA--(Marketwired - May 18, 2017) - Appulse Corporation ("Appulse") (TSX:APL) today reported a net income of $14,000 for the three months ended March 31, 2017 with revenues of $2,159,000, compared to a net income of $18,000 and revenues of $1,798,000 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, 2017 of $85,000 compares to operating cash flow of $83,000 for the same three-month period of 2016.

Service revenues for the quarter increased by 28% compared to the same three month period of the prior year. The sale of parts also increased substantially, although the majority of this increase related to product lines with lower margins. While machine sales recorded in the first quarter were only $215,000, second quarter revenue from this source will show a substantial improvement. First quarter machine sales combined with purchase orders now in hand for 2017 delivery total approximately $1,500,000, compared to machine sales of $1,598,000 for the entire 2016 fiscal year. The Corporation continues to expand its market coverage and diversify the range of applications for its products.

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 industrial 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 pursuing further representative arrangements and joint venture opportunities.

Further information on Appulse and its subsidiaries can be obtained through the Corporation's website, at and on SEDAR at 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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Appulse Corporation
Doug Baird
(403) 236-2883
(403) 279-3342
Appulse Corporation
Dennis Schmidt
(403) 236-2883
(403) 279-3342

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at