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Pulse Seismic Inc. (T:PSD)

Business Focus: Oil Related - Surveying & Mapping Services

Sector:  Energy Industry:  Oil Related Services and Equipment
 
Company Contact
Address: 2700-421 7 Ave SW
CALGARY AB T2P 4K9
Tel: 1-877-4605559
Website: https://pulseseismic.com
IR: See website
Key People
Neal Coleman
President, Chief Executive Officer, Director
Pamela Wicks
Chief Financial Officer, Vice President - Finance
Trevor Meier
Vice President - Sales and Marketing
Catherine Samuel
Corporate Secretary
   
Business Overview
Pulse Seismic Inc. is engaged in the acquisition, marketing and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data to the western Canadian energy sector. The Company owns the licensable seismic data library in Canada, consisting of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. It calculates net kilometers of 2D data and net square kilometers of 3D data by multiplying the number of kilometers of seismic data in each 2D line and the number of square kilometers of seismic data in each individual 3D seismic dataset by its percentage of ownership in each. The Company's library covers the Western Canada Sedimentary Basin (WCSB).
Financial Overview
For the fiscal year ended 31 December 2023, Pulse Seismic Inc revenues increased from C$9.6M to C$39.1M. Net income totaled C$15M vs. loss of C$7.9M. Revenues reflect 3D data Sales segment increase from C$4.8M to C$34.4M, 2D data Sales segment increase of 1% to C$4.6M. Net Income reflects Amortization of seismic data library decrease of 7% to C$9.1M (expense), Occupancy cost and other leases decrease of 68% to C$262K (expense).
Employees: 15 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $101.34M as of Dec 31, 2023
Annual revenue (TTM): $39.13M as of Dec 31, 2023
EBITDA (TTM): $30.43M as of Dec 31, 2023
Net annual income (TTM): $15.01M as of Dec 31, 2023
Free cash flow (TTM): $12.64M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 51,994,563 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization