Welcome to our dedicated page for Pulse Seismic news (Ticker: PLSDF), a resource for investors and traders seeking the latest updates and insights on Pulse Seismic stock.
Pulse Seismic Inc. reports developments tied to its business of acquiring, marketing and licensing 2D and 3D seismic data for the western Canadian energy sector. The company’s licensable data library covers the Western Canada Sedimentary Basin, where Canadian oil and natural gas exploration and development activity is concentrated.
Recurring news includes quarterly and annual financial results, seismic data license sales, EBITDA and free-cash-flow commentary, and capital returns through regular or special dividends. Pulse also reports normal course issuer bids, share cancellations, annual meeting voting results, director elections and advisory votes on executive compensation.
Pulse Seismic Inc. (PLSDF) reported its 2024 financial results and declared both regular and special dividends. The company announced a quarterly dividend of $0.015 per share and a special dividend of $0.20 per share, totaling approximately $10.9 million.
Key 2024 financial highlights include:
- Total revenue of $23.4 million, down from $39.1 million in 2023
- Net earnings of $3.4 million ($0.07 per share), compared to $15.0 million in 2023
- EBITDA of $15.5 million ($0.30 per share)
- Shareholder free cash flow of $12.4 million
The company reported strong start to 2025 with $17.5 million in sales secured, representing approximately 75% of 2024 sales. Pulse maintains a strong balance sheet with zero debt and $8.7 million in cash balance as of December 31, 2024.
Pulse Seismic has announced a significant $10.0 million seismic data licensing agreement for 3D seismic data in West Central Alberta. The company reports $21.7 million in licensing revenue since October 1, 2024, with $5.6 million licensed in Q4 2024, bringing the expected 2024 total revenue to $23.4 million. For 2025, including the new deal, total licensing revenue stands at $16.1 million.
The company returned $9.5 million to shareholders in 2024 through dividends and share buybacks. This included a 9% increase in quarterly dividend to an annualized $0.06 per share, a special dividend of $0.05 per share, and total dividend payments of $0.10875 per share ($5.6 million). Additionally, Pulse purchased and cancelled approximately 1.8 million shares worth $3.9 million under its normal course issuer bid.
Pulse Seismic Inc. (PLSDF) reported its Q3 2024 financial results and approved a quarterly dividend of $0.015 per share. The company recorded total revenue of $2.7M for Q3 2024, down from $5.1M in Q3 2023. Net loss was $1.4M compared to net earnings of $393,000 in Q3 2023. For the nine months ended September 30, 2024, total revenue was $17.8M versus $22.3M in 2023. The company remains debt-free with $7.5M cash on hand. Additional sales of $2.7M in October brought year-to-date revenue to $20.5M. The company continued its shareholder returns through dividends and share buybacks, returning approximately 92% of shareholder free cashflow.
Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) reported its Q2 2024 financial results and declared dividends. The company announced a regular quarterly dividend of $0.015 per share and a special dividend of $0.05 per share, totaling approximately $3.3 million. Key highlights include:
- Shareholder free cash flow of $3.9 million ($0.07 per share) for Q2 2024
- EBITDA of $4.4 million ($0.09 per share) for Q2 2024
- Net earnings of $1.3 million ($0.03 per share) for Q2 2024
- Total revenue of $6.3 million for Q2 2024
- Debt-free status with $9.4 million cash on hand as of June 30, 2024
The company maintained a strong financial position and continued its focus on returning capital to shareholders through dividends and share buybacks.
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