Appulse Corporation Reports 2024 Fiscal Year Results

Appulse Corporation, listed on the TSX Venture Exchange under the symbol 'APL', announced its financial results for the fiscal year ending December 31, 2024. The results incorporate the impact of the sale of its subsidiary, Centrifuges Unlimited Inc. (CUI), on November 1, 2023.

With the absence of operating revenues post-sale, Appulse reported a net loss of $145,000 for 2024, translating to a loss of $0.01 per share. Revenue for the year consisted solely of $337,000 in interest income. In comparison, 2023 saw a net income of $1,688,000, largely attributable to gains from CUI operations and its subsequent sale.

Key financial movements in 2024 included a dividend distribution of $0.15 per share and a capital reduction yielding $0.135 per share in cash to shareholders. Appulse's assets stood at $4,154,000 by year-end, with cash and receivables being prominent.

Looking ahead, the management is focused on identifying investment opportunities to enhance shareholder value.