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.
Pulse Seismic Inc. reported robust financial results for Q3 and YTD 2021, with revenue reaching $32.8 million and shareholder free cash flow of $21.3 million. The Company fully repaid $38 million in debt and declared a regular quarterly dividend of $0.0125 per share, and a special dividend of $0.04 per share, totaling $2.8 million. Expected seismic data sales of $9.7 million in early 2022 bolster the outlook. The decision to initiate a Normal Course Issuer Bid for 3.1 million shares reflects strong cash flow and a healthy balance sheet.
Pulse Seismic Inc. reported strong financial results for Q2 and H1 2021, with data library sales revenue reaching $19.0 million and $23.7 million, respectively, significantly up from $1.9 million and $4.0 million in 2020. The company turned a net profit of $10.2 million for both Q2 and H1 2021, compared to losses in the same periods last year. Cash EBITDA rose to $17.6 million for Q2 2021, up from $1.0 million in 2020. Pulse repaid $17.5 million of long-term debt during H1 and currently holds $21.0 million available on its revolving credit facility.
Pulse Seismic Inc. (OTCQX: PLSDF) announced a $6.4 million seismic data licensing contract in West Central Alberta, significantly increasing cash EBITDA and reducing long-term debt. The company reported Q2 seismic data sales revenue of $19.0 million, bringing year-to-date sales to $23.7 million, more than double the full-year 2020 revenue. Debt levels have decreased to $10.6 million, down from $28.0 million at the end of 2020. The second quarter financial results will be released on July 21, 2021.
Pulse Seismic has announced a significant $17.0 million seismic data licensing contract, recognizing immediate revenue of $7.3 million. The remainder, valued at $9.7 million, will be recognized upon customer selection by April 15, 2022. This deal brings year-to-date sales to $17.2 million, reflecting a 56% increase from 2020. Additionally, total debt has halved to $19.2 million, improving the company's financial stability. Pulse holds Canada's most extensive seismic data library, enhancing its potential for future sales in the energy sector.
Pulse Seismic announced the results of its annual meeting held on April 22, 2021, in Calgary. All nominee directors were elected, achieving extremely high approval rates: Neal Coleman (99.97%), Paul Crilly (99.95%), and others within the same range. The "Say on Pay" advisory vote for executive compensation received 99.88% approval. Pulse, a leader in seismic data acquisition and licensing in Canada, boasts the largest seismic data library covering approximately 65,310 square kilometers of 3D and 829,207 kilometers of 2D data.
Pulse Seismic reports significant financial improvements for Q1 2021, with total revenue of $4.8 million, up from $2.3 million in Q1 2020. The company achieved net earnings of $33,000 versus a net loss of $2.8 million during the same period last year. Cash EBITDA rose to $3.6 million from $1.1 million, and shareholder free cash flow increased to $2.6 million. The company has reduced long-term debt by $8.8 million, bringing total long-term debt to $19.0 million. Despite a cautious outlook amid industry uncertainty, Pulse continues to focus on cash preservation and cost reduction.
Pulse Seismic Inc. is hosting its annual general meeting (AGM) on April 22, 2021, at 3:00 PM MDT, in Calgary, Alberta. Due to COVID-19 restrictions, in-person attendance is limited, encouraging shareholders to attend virtually. The meeting will be audiocast, with participation details provided. Shareholders can vote by telephone or online before April 20, 2021. Additionally, the AGM notice and proxy materials are available on the Company's website. Pulse Seismic is a leader in seismic data acquisition and owns the largest licensable seismic data library in Canada.
Pulse Seismic Inc. reported its financial results for the year ended December 31, 2020, highlighting a total revenue of $11.3 million, down from $24.2 million in 2019. The company experienced a net loss of $6.8 million ($0.13 per share) compared to a loss of $3.4 million in the previous year. Despite challenges, Pulse achieved a 68% cash EBITDA margin, generating $7.5 million in cash EBITDA. The company reduced its total debt by 36% to $20.2 million and reported $4.3 million in sales for early 2021. Looking ahead, Pulse remains cautiously optimistic, aiming to capitalize on potential industry recovery.