Appulse Corp (TSE:APL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Appulse Corporation announced a triumphant fiscal year for 2023, with a net income surge to $1.688 million, up from $238,000 the previous year, following the lucrative sale of its subsidiary, Centrifuges Unlimited Inc., for over $10 million. The sale substantially boosted shareholder equity and left the company with significant cash reserves now invested for income while exploring future investment opportunities. This strategic move aims to maximize shareholder value and positions Appulse for new growth avenues.
For further insights into TSE:APL stock, check out TipRanks’ Stock Analysis page.
