Board Change • May 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Mike Forgo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 29
Appulse Corporation, Annual General Meeting, Jun 30, 2026 Appulse Corporation, Annual General Meeting, Jun 30, 2026. Location: alberta, calgary Canada Board Change • Mar 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Michael Forgo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Michael Forgo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Michael Forgo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Michael Forgo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 16
Appulse Corporation, Annual General Meeting, Jun 25, 2025 Appulse Corporation, Annual General Meeting, Jun 25, 2025. Location: alberta, calgary Canada New Risk • Sep 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.81m market cap, or US$2.08m). Upcoming Dividend • Aug 28
Upcoming dividend of CA$0.14 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 03 September 2024. The average dividend yield among industry peers is 1.7%. Duyuru • Aug 22
Appulse Corporation Approves Distribution on Common Shares, Payable on September 3, 2024 Appulse Corporation announced that on August 21, 2024, the shareholders of the Corporation passed a special resolution approving the reduction of the stated capital of the common shares of the Corporation for the purpose of distributing to the holders of issued common shares the amount of $1,994,261, being a distribution of $0.135 per share. The distribution will now proceed and the Corporation's common shares will trade on a due-bill basis from August 27, 2024 until September 3, 2024 as follows: Payable Date: September 3, 2024, Record Date: August 27, 2024, Ex-distribution Date: September 4, 2024. Due-bill Redemption Date: September 4, 2024. Due-bill Period: August 27, 2024 to September 3, 2024, inclusive. Duyuru • Jun 28
Appulse Corporation Proposes Distribution on Common Shares Appulse Corporation announced that the board of directors of the Corporation has approved a proposed reduction of the stated capital of the Corporation's Common Shares for the purpose of distributing to the holders of issued Common Shares the amount of $1,994,261, being a distribution of $0.135 per share. The proposed reduction and distribution of stated capital is subject to approval by way of special resolution of the shareholders of the Corporation at the annual and special meeting of shareholders of the Corporation scheduled to be held on August 21, 2024. Assuming the special resolution is passed by the shareholders, the record date for the distribution will be August 27, 2024, with payment subject to the due-bill trading rules of the TSX Venture Exchange. Duyuru • Jun 26
Appulse Corporation, Annual General Meeting, Aug 21, 2024 Appulse Corporation, Annual General Meeting, Aug 21, 2024. Location: alberta, calgary Canada Duyuru • May 15
Appulse Corporation Declares Cash Dividend, Payable on June 7, 2024 Appulse Corporation announced that on May 14, 2024, the board of directors of the Corporation declared a cash dividend of $0.15 per share on its issued and outstanding Common Shares. The dividend will be payable on June 7, 2024 with record date of May 28, 2024 and Ex-distribution Date: June 10, 2024. Buy Or Sell Opportunity • May 14
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to CA$0.43. The fair value is estimated to be CA$0.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 25
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: CA$24.7k (down 120% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$5.40m market cap, or US$3.94m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Duyuru • Sep 20
Gea Canada Inc. entered into a definitive agreement to acquire Centrifuges Unlimited Inc. from Appulse Corporation (TSXV:APL) for $10 million. Gea Canada Inc. entered into a definitive agreement to acquire Centrifuges Unlimited Inc. from Appulse Corporation (TSXV:APL) for $10 million on September 18, 2023. Appulse intends to apply a portion of the net proceeds to debt reduction, and will retain the remainder of the proceeds pending a thorough review of its future cash requirements and potential investment opportunities, all with a view of maximizing shareholder value. GEA intends to operate CUI as a separate unit in order to better serve the North American market. The transaction has been approved unanimously by Appulse’s board of directors. The transaction must be approved by appulse shareholders.The transaction is also subject to other customary closing conditions. It is anticipated that the transaction will be completed on November 1, 2023. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.004 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.02 (up from CA$0.004 in 2Q 2022). Revenue: CA$3.31m (up 37% from 2Q 2022). Net income: CA$235.5k (up 340% from 2Q 2022). Profit margin: 7.1% (up from 2.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 28
Appulse Corporation, Annual General Meeting, Aug 24, 2023 Appulse Corporation, Annual General Meeting, Aug 24, 2023. Board Change • Jun 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Dec 17
Appulse Corporation Appoints Michael Forgo as Director Appulse Corporation announced the appointment of Mr. Michael Forgo as a Director of Appulse. Mr. Forgo has over thirty years of management experience in the oil and gas industry in western Canada, with responsibilities ranging from production operations and engineering, to surface land and stakeholder relations. Mr. Forgo is currently the senior manager of production engineering and operations for Ovintiv Canada, based in Calgary, Alberta. Board Change • Dec 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.006 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.006 in 3Q 2021). Revenue: CA$3.06m (up 51% from 3Q 2021). Net income: CA$121.9k (up 46% from 3Q 2021). Profit margin: 4.0% (down from 4.1% in 3Q 2021). Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 27
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CA$2.43m (down 9.1% from 2Q 2021). Net income: CA$53.6k (down 85% from 2Q 2021). Profit margin: 2.2% (down from 13% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Aug 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 27
First quarter 2022 earnings released First quarter 2022 results: Revenue: CA$2.08m (down 6.6% from 1Q 2021). Net income: CA$25.6k (down 89% from 1Q 2021). Profit margin: 1.2% (down from 11% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • May 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: CA$0.053 (vs CA$0.079 in FY 2020) Full year 2021 results: EPS: CA$0.053 (down from CA$0.079 in FY 2020). Revenue: CA$9.23m (down 12% from FY 2020). Net income: CA$742.3k (down 32% from FY 2020). Profit margin: 8.0% (down from 11% in FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year. Board Change • Feb 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jim Maldaner was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.015 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$2.03m (down 34% from 3Q 2020). Net income: CA$83.7k (down 61% from 3Q 2020). Profit margin: 4.1% (down from 6.9% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.032 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$2.67m (up 8.0% from 2Q 2020). Net income: CA$347.2k (down 22% from 2Q 2020). Profit margin: 13% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 22
First quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.007 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$2.23m (down 8.6% from 1Q 2020). Net income: CA$238.6k (up 140% from 1Q 2020). Profit margin: 11% (up from 4.1% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CA$0.08 (vs CA$0.063 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CA$10.5m (down 5.7% from FY 2019). Net income: CA$1.10m (up 28% from FY 2019). Profit margin: 11% (up from 7.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 08
New 90-day high: CA$0.47 The company is up 58% from its price of CA$0.30 on 08 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 31% over the same period. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS CA$0.02 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$3.10m (up 44% from 3Q 2019). Net income: CA$214.5k (up 155% from 3Q 2019). Profit margin: 6.9% (up from 3.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 04
New 90-day high: CA$0.36 The company is up 50% from its price of CA$0.24 on 05 August 2020. The Canadian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period.