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. 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.