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Appulse
(APL)
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Rating:48Neutral
Price Target:
C$0.30
▲(35.00% Upside)
Action:Upgraded
Date:07/16/26
The score is held down primarily by weakened financial performance—recent losses, negative operating/free cash flow, and limited revenue visibility—despite the benefit of a de-levered balance sheet. Technicals provide some support with price above major moving averages, but the very high RSI indicates the move is stretched. Valuation remains a concern due to the negative P/E and no stated dividend yield.
Positive Factors
De-levered balance sheet
Zero reported debt from 2023–2025 materially reduces financial leverage and bankruptcy risk, giving management durable flexibility to fund operations or restructure. A de-levered balance sheet supports longer runway during cash burn and improves access to financing on better terms over months.
Negative Factors
Inconsistent / zero-reported revenue
Absent or inconsistent revenue reporting across multiple years removes clarity on core demand and makes cash flow forecasting unreliable. Over a multi-month horizon this structural opacity impedes planning, hinders commercial scaling, and raises execution and financing risk for long-term recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
De-levered balance sheet
Zero reported debt from 2023–2025 materially reduces financial leverage and bankruptcy risk, giving management durable flexibility to fund operations or restructure. A de-levered balance sheet supports longer runway during cash burn and improves access to financing on better terms over months.
Read all positive factors
Appulse (APL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.18M
Dividend YieldN/A
Average Volume (3M)210.00
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue GrowthN/A
EPS Growth36.73%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding14,772,304
10 Day Avg. Volume100
30 Day Avg. Volume210
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)0.80
Price to Sales (P/S)0.00
P/FCF Ratio-21.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Appulse Business Overview & Revenue Model
Company Description
Appulse Corporation, operating through its subsidiaries, specializes in the global distribution of both new and reconditioned centrifugal machines and their associated components, serving markets in Canada, the United States, and other internation...
Appulse Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 10.45M | 9.23M |
| Gross Profit | 0.00 | 0.00 | 0.00 | 2.76M | 2.57M |
| EBITDA | -266.07K | -222.00K | 337.47K | 318.37K | 1.35M |
| Net Income | -92.33K | -145.00K | 642.83K | 237.54K | 742.28K |
Balance Sheet | |||||
| Total Assets | 4.10M | 4.15M | 9.00M | 10.39M | 10.36M |
| Cash, Cash Equivalents and Short-Term Investments | 3.27M | 3.37M | 8.14M | 339.47K | 374.43K |
| Total Debt | 0.00 | 0.00 | 0.00 | 1.80M | 1.75M |
| Total Liabilities | 76.94K | 66.28K | 639.28K | 3.78M | 4.11M |
| Stockholders Equity | 4.03M | 4.09M | 8.36M | 6.61M | 6.25M |
Cash Flow | |||||
| Free Cash Flow | -152.61K | -581.74K | 279.77K | -102.75K | 683.46K |
| Operating Cash Flow | -152.61K | -581.74K | 279.77K | 118.58K | 916.32K |
| Investing Cash Flow | -3.01M | 0.00 | 8.88M | -202.86K | -232.86K |
| Financing Cash Flow | 0.00 | -4.19M | -1.35M | 49.32K | -594.42K |
Appulse Technical Analysis
Neutral
0.22
Price Trends
0.21
Positive
0.25
Negative
0.24
Negative
Market Momentum
<0.01
Positive
51.26
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:APL, the sentiment is Neutral. The current price of 0.22 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and below the 200-day MA of 0.24, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:APL.
Appulse Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$3.18M | -34.68 | -2.29% | ― | ― | 36.73% | |
48 Neutral | C$6.67M | -3.05 | -10.19% | ― | -19.72% | 6.79% | |
47 Neutral | C$1.90M | -1.68 | -52.24% | ― | ― | ― | |
45 Neutral | C$2.47M | -2.94 | 157.52% | ― | 43.31% | 60.32% | |
43 Neutral | C$475.25K | -4.98 | 8.97% | ― | ― | ― |
* General Sector Average
TSE:APL
Appulse
0.22
-0.05
-17.31%
TSE:ATMO
Atmofizer Technologies Inc. Class B
0.06
0.00
0.00%
TSE:WATR
Current Water Technologies Inc
0.01
-0.01
-50.00%
TSE:QST
Questor Technology
0.24
-0.22
-48.26%
TSE:RGEN
Delta Cleantech
0.02
0.00
0.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.