Pulse Seismic Inc Stock Price, News & Analysis

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.

On April 21, 2022, Pulse Seismic Inc. held its annual meeting, where all nominee directors were elected with overwhelming support. Neal Coleman received 99.94% approval, followed closely by others, with the lowest approval at 99.78%. Additionally, the "Say on Pay" advisory vote on executive compensation passed with 99.7% approval. Pulse Seismic is a major player in acquiring and licensing seismic data in Canada, owning the largest licensable data library covering around 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic in the Western Canada Sedimentary Basin.

Pulse Seismic Inc. (OTCQX:PLSDF) reported its financial results for Q1 2022, revealing a total revenue of $1.9 million, a sharp decline from $4.8 million in Q1 2021. The company experienced a net loss of $2.5 million compared to net earnings of $33,000 in the same period last year. Despite these challenges, a quarterly dividend of $0.0125 per share was approved, amounting to approximately $672,000. As of March 31, 2022, Pulse remained debt-free with $5.3 million in cash, while industry conditions show signs of improvement.

Pulse Seismic has partnered with the Alberta Biodiversity Monitoring Institute to enhance the public database of seismic lines in Alberta. This agreement aims to incorporate data on the age and geometry of seismic lines into the ABMI's human footprint dataset. Pulse's extensive seismic data library, covering about 65,310 square kilometers of 3D and 829,207 kilometers of 2D seismic data, will significantly aid land-use planning in Alberta. This collaboration not only supports environmental stewardship but also assists in restoration efforts for historic seismic lines in caribou ranges.