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. (OTCQX: PLSDF; TSX: PSD) is regularly featured in news releases that focus on its seismic data licensing activity, financial results and capital allocation decisions. The company describes itself as a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector, and it reports that it owns Canada’s largest licensable seismic data library covering the Western Canada Sedimentary Basin.
News items for Pulse often highlight quarterly and annual financial results, including revenue from seismic data library sales, EBITDA, shareholder free cash flow and net earnings. These releases typically discuss the impact of data license sales on the company’s financial performance, the volatility of seismic data sales from period to period, and the role of non-GAAP measures in assessing performance.
Another recurring theme in Pulse’s news is its dividend activity and capital returns. The company frequently announces regular quarterly dividends and special dividends, along with details on the total amounts declared and paid. It also reports on its Normal Course Issuer Bid, including the number of shares purchased and cancelled and the total cost of these repurchases, positioning these actions as part of its capital allocation strategy.
Investors following PLSDF news can also expect updates on significant seismic data license sales, where the company discloses the value of major licensing agreements and the contribution of these transactions to year-to-date revenue. In addition, Pulse’s outlook commentary in its releases touches on industry conditions such as land sales in Western Canada, drilling forecasts, commodity prices, merger and acquisition activity and infrastructure developments that may influence demand for seismic data.
For those tracking Pulse Seismic Inc., the news flow provides insight into its seismic data licensing trends, financial metrics, dividend decisions and how management views the broader environment for the western Canadian energy sector.
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Pulse Seismic Inc. (TSX:PSD, OTCQX:PLSDF) has announced changes to its Board of Directors ahead of the AGM on May 3, 2023. Grant Grimsrud will retire, and the Board thanks him for his five years of service.
Patrick Ward is proposed for election to the Board. With over 40 years in the Canadian oil and gas sector, Mr. Ward is the President and CEO of Aqua Solutions Inc. He previously founded and led Painted Pony Energy Ltd., which was acquired by Canadian Natural Resources Limited in 2020.
Pulse Seismic is a market leader in seismic data acquisition and licensing, boasting the largest licensable seismic data library in Canada, covering approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic, primarily in the Western Canada Sedimentary Basin.
Pulse Seismic Inc. (TSX: PSD, OTCQX: PLSDF) has initiated an automatic share purchase plan (ASPP) to facilitate repurchases of its common shares under a normal course issuer bid (NCIB). The company received TSX approval to buy up to 3,070,659 shares, representing 10% of its public float, from November 16, 2022, to November 15, 2023. The ASPP allows the broker to purchase shares during periods when the company cannot trade due to regulatory constraints. Pulse is a leader in acquiring and licensing 2D and 3D seismic data, holding the largest licensable seismic data library in Canada, covering the Western Canada Sedimentary Basin.
Pulse Seismic Inc. (OTCQX: PLSDF) reported significant declines in its financial performance for the year ended December 31, 2022. Total revenue dropped to $9.6 million, down from $49.2 million in 2021. The company experienced a net loss of $7.9 million compared to a net profit of $21.5 million the previous year. Key metrics showed EBITDA at $2.0 million, down from $42.6 million, with shareholder free cash flow plummeting to $3.2 million from $32.1 million. Despite these results, the board approved a quarterly dividend of $0.0125 per share. The company maintains a cash balance of $5.8 million and is debt-free.
Pulse Seismic Inc. (OTCQX:PLSDF) announced a $4.0 million contract for 3D seismic data licensing in West Central Alberta, enhancing its data library critical for exploration and development companies. Preliminary revenue estimates for 2022 stand at approximately $9.6 million, with the company remaining debt-free and holding about $5.3 million in cash and a $25.0 million undrawn revolving credit facility. The annual financial results will be disclosed on February 16, 2023. Pulse operates the largest licensable seismic data library in Canada, covering crucial areas for oil and gas exploration.
Pulse Seismic announces the Toronto Stock Exchange's approval of its normal course issuer bid (NCIB) to repurchase up to 3,070,659 shares, representing 10% of its public float. This bid will run from November 16, 2022, to November 15, 2023. The maximum purchase on any trading day is set at 4,248 shares. Previously, between November 2021 and November 2022, Pulse bought 159,000 shares at an average price of $1.96. Since 2003, the company has returned $113.9 million to shareholders through dividends and buybacks, with $46.2 million allocated for share repurchases.
Pulse Seismic Inc. (PLSDF) reported significant declines in revenue for the three and nine months ending September 30, 2022, with total revenue of $2.2 million compared to $8.9 million in the same period of 2021. For the nine months, revenue dropped to $7.1 million from $32.8 million due to reduced transaction-based data library sales. The company incurred a net loss of $1.7 million for Q3 2022 versus a profit of $3.2 million in Q3 2021. Despite these results, Pulse declared a quarterly dividend of $0.0125, reflecting a commitment to shareholders amidst challenging market conditions.
Pulse Seismic Inc. (OTCQX:PLSDF) reported financial results for Q2 and first half of 2022. Total revenue dropped to $3.1 million in Q2 2022 from $19.1 million in Q2 2021, and $5.0 million from $23.9 million for the first half. The net loss was $1.8 million ($0.03 per share) for Q2 2022 vs. earnings of $10.2 million in Q2 2021. EBITDA decreased to $818,000 in Q2 2022 from $17.6 million in Q2 2021. Despite these results, the company's balance sheet remains strong with no debt and $5.9 million in cash. A quarterly dividend of $0.0125 per share was approved.
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