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The Pulse Network

TPNI
Software - Application · Technology
Price
$0.00
+0.00 (+0.00%)
Market Cap
$72,054
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+669.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 90.0M (2013) → 692.4M (2017)

The Pulse Network, Inc. is a small technology company that provides digital media and online learning software. It focuses on helping businesses in the healthcare and life sciences industries share training content, host virtual events, and run continuing education programs for medical professionals. The company essentially acts as a platform connecting pharmaceutical companies, medical device makers, and healthcare organizations with the professionals they need to reach.

The company earns revenue primarily through software subscriptions and digital content services, giving it a recurring revenue model and explaining its high gross margin of around 82%. It operates mainly in the United States and is a very small player in the broader enterprise learning and digital media space. The operating loss signals the company is still spending heavily relative to what it brings in, and its main challenge is scaling its customer base fast enough to reach consistent profitability before larger, better-funded competitors crowd out its niche in healthcare-focused digital engagement.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-26.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+300.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

18.2%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

The Pulse Network's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
79.0%
Premium pricing power — 79.0% gross margin
Operating Margin
-7.3%
Losing money on operations — -7.3%
ROCE
N/A
Data not available

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Growth

Sales YoY
-19.1%
Shrinking sales (-19.1% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
6.4%
Modest free cash flow (6.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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