Appulse (APL) AI Stock Analysis

• Market Cap: C$4.42M
• Dividend Yield: N/A
• Average Volume (3M): 210.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• Revenue Growth: N/A
• EPS Growth: -144.44%
• Country: CA
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): >-0.01
• Shares Outstanding: 14,722,304
• 10 Day Avg. Volume: 100
• 30 Day Avg. Volume: 210
• PEG Ratio: -0.59
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: C$0.23 ▲(2.73% Upside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is primarily weighed down by weak financial performance (zero revenue, losses, and significant cash burn), with only partial offset from a debt-free balance sheet. Technicals also remain bearish (negative MACD and below longer-term moving averages), while valuation is constrained by negative earnings and no provided dividend yield.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially reduces fixed financing obligations and bankruptcy risk, giving management flexibility to pursue restructuring, M&A, or bridge financing. Over 2–6 months this conservatism sustains operational optionality despite cash burn.

Negative Factors

Revenue collapsed to zero in 2024

A complete loss of reported revenue is a structural red flag: it suggests the core product-market fit, contracts, or sales channels have failed. Restoring durable top-line requires material strategic change, new customers, or product launches, creating execution risk over months.

Appulse Business Overview & Revenue Model

Company Description

Appulse Corporation, through its subsidiaries, sells new and refurbished centrifuge machines and parts in Canada, the United States, and internationally. The company is also involved in the rental of centrifuge equipment; provision of maintenance ...

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Appulse Corporation, through its subsidiaries, sells new and refurbished centrifuge machines and parts in Canada, the United States, and internationally. The company is also involved in the rental of centrifuge equipment; provision of maintenance ...

Appulse Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2021	Mar 2021
Income Statement
Total Revenue	0.00	0.00	0.00	10.45M	9.23M	10.46M
Gross Profit	0.00	0.00	0.00	2.76M	2.57M	3.37M
EBITDA	-182.13K	-222.00K	337.47K	318.37K	1.35M	1.70M
Net Income	-68.66K	-145.00K	642.83K	237.54K	742.28K	1.10M
Balance Sheet
Total Assets	4.09M	4.15M	9.00M	10.39M	10.36M	10.00M
Cash, Cash Equivalents and Short-Term Investments	3.23M	3.37M	8.14M	339.47K	374.43K	285.39K
Total Debt	0.00	0.00	0.00	1.80M	1.75M	2.29M
Total Liabilities	43.61K	66.28K	639.28K	3.78M	4.11M	4.49M
Stockholders Equity	4.04M	4.09M	8.36M	6.61M	6.25M	5.51M
Cash Flow
Free Cash Flow	-38.17K	-581.74K	279.77K	-102.75K	683.46K	340.11K
Operating Cash Flow	-38.17K	-581.74K	279.77K	118.58K	916.32K	693.99K
Investing Cash Flow	0.00	0.00	8.88M	-202.86K	-232.86K	-347.86K
Financing Cash Flow	-1.99M	-4.19M	-1.35M	49.32K	-594.42K	-233.93K

Appulse Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:APL, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.24, and below the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 91.83 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:APL.

Appulse Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DST	49 Neutral	C$6.10M	-14.31	24.47%	―	-27.49%	-32.97%
WATR	45 Neutral	C$2.47M	-3.65	388.29%	―	-68.14%	-209.09%
QST	44 Neutral	C$9.39M	-3.39	-7.46%	―	87.15%	47.74%
ATMO	42 Neutral	C$475.25K	30.96	―	―	―	19.70%
APL	40 Underperform	C$4.42M	-35.84	-2.32%	―	―	-144.44%
RGEN	―	C$2.54M	-0.59	―	―	―	―

Appulse Corporate Events