1. Canada Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Appulse Corporation

Appulse Corporation

TTSXV:APL
0.23
CAD
+0.02
(+9.52%)
3.03MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.52
0.59
0.65
0.62
0.64
0.73
0.81
0.75
0.66
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.02
0.01
0.01
0.01
- -
0.01
0.06
0.08
0.05
0.02
0.12
-0.01
-0.01
- -
Free Cash Flow per Basic Share
-0.02
0.02
0.02
-0.03
0.02
-0.03
0.05
0.02
0.05
-0.01
0.02
-0.04
-0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.15
- -
- -
Book Value per Share
0.2
0.22
0.23
0.24
0.24
0.26
0.32
0.39
0.45
0.46
0.57
0.28
0.27
0.28
Tangible Book Value per Share
0.2
0.22
0.23
0.24
0.24
0.26
0.32
0.39
0.45
0.46
0.57
0.28
0.27
0.28
Basic Weighted Avg Shares
13
13
13
13
13
13
14
14
14
14
14
15
15
15
Sales/Revenue/Turnover
7
8
8
8
8
10
11
10
9
- -
- -
- -
- -
- -
Operating Margin (%)
-3.55
4.06
3.82
2.08
1.84
3.83
8.73
12.31
8.88
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
1
1
1
- -
2
- -
- -
- -
Effective Tax Rate (%)
- -
40.15
24.74
27.17
38.58
28.21
3.96
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-4.5
1.59
1.92
1.57
0.58
1.72
7.74
10.47
8.04
- -
- -
- -
- -
- -
Working Capital
1
2
2
2
2
3
3
4
5
6
8
4
4
4
LT Debt
- -
- -
- -
- -
- -
- -
1
1
1
- -
- -
- -
- -
- -
Total Equity
3
3
3
3
3
3
4
6
6
7
8
4
4
4
Return on Invested Capital (%)
- -
4.61
6.15
3.02
2.23
5.99
16.16
17.7
10.45
- -
- -
- -
- -
- -
Return on Capital (%)
- -
4.07
5.25
4.12
2.04
4.8
17.33
16.52
10.69
- -
- -
- -
- -
- -
Return on Common Equity (%)
-10.96
4.47
5.55
4.14
1.55
5.03
21.92
22.13
12.63
3.7
22.56
-2.32
-2.28
- -

Capital Structure

CAD

•

in mil. unless spec.
Sep'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
4
3
3

Working Capital

CAD

•

in mil. unless spec.
Sep'25
Dec'25
Jun'26
Total Current Assets
4
4
4
Cash, Cash Equivalents & STI
3
3
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.1%
-1.37%
-1.52%
Free Cash Flow
-172.67%
-153.61%
-73.77%
Net Income, GAAP
96.51%
73.17%
-36.12%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
-100%

Semi-annual Revenue

CAD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

CAD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.01
2025
- -
- -
-0.01
2026
- -
- -
- -

Semi-annual Dividends Per Share

CAD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.15
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Douglas A. Baird
Sector
Distribution services
Industry
Wholesale distributors
Address
734 – 7 Avenue S.W. Calgary AB Canada T2P 3P8
IPO Date
Nov 18, 2002
Website
appulsecorp.net
Similar Companies
Adani Enterprises Limited (NSE:ADANIENT)
Aegis Logistics Limited (NSE:AEGISLOG)
Marine Electricals (India) Limited (NSE:MARINE)
Mitsubishi Corporation (TSE:8058)
Fastenal Company (NASDAQ:FAST)
GigaCloud Technology Inc (NASDAQ:GCT)
Business
Appulse Corporation Appulse Corporation (TSXV:APL) is a Canada-based investment company focused on identifying and evaluating new investment opportunities to enhance shareholder value. Previously engaged in the industrial machinery sector, the company sold new and refurbished centrifuge machines and parts; rented centrifuge equipment; manufactured replacement parts using machining and milling processes; and provided maintenance services, consulting, design advisory, and repair services to clients in food and beverage processing, environmental services, oil and gas, refineries, marine processing, and pharmaceuticals. It operates primarily in Canada and the United States, with additional international reach, and generates revenue mainly from product sales and service contracts. Headquartered in Calgary, Alberta, at 734 – 7 Avenue S.W., Suite 603, the company was founded on April 24, 2001. Appulse Corporation previously operated through its wholly-owned subsidiary Centrifuges Unlimited Inc., which handled separation equipment sales, parts, repairs, and maintenance. In a major strategic shift, Appulse Corporation sold Centrifuges Unlimited Inc. on November 1, 2023, for cash proceeds that enabled a return of capital to shareholders totaling $4,210,000 through a dividend of $0.15 per share and a capital distribution of $0.135 per share in fiscal 2024. Post-sale, the company has no significant operating business and invests sale proceeds conservatively, generating interest income such as $236,000 for the six months ended June 30, 2024. On November 19, 2025, it granted 300,000 stock options to directors at $0.22 per share, exercisable over five years until November 19, 2030. Management actively pursues new investment opportunities, as reflected in recent financials showing total assets of $4,082,000 and net equity of $4,018,000 as of September 30, 2025.