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Pason Systems Inc. (T:PSI)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 6130 3 St SE
Tel: N/A
IR: See website
Key People
James D. Hill
Executive Chairman of the Board
Ryan Van Beurden
Vice President - Rigsite Research and Development
Marcel Kessler
President, Chief Executive Officer, Director
Jon Faber
Chief Financial Officer
David Elliott
Vice President - Finance
Bryce McLean
Vice President - Operations, Canada
Timur Kuru
Vice President - Operations, USA
Kevin Lo
Vice President - New Ventures
Lars Olesen
Vice President - Product Management
Russell Smith
Vice President - Operations, International and Offshore
Business Overview
Pason Systems Inc. is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company's geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East. The Company's solutions include data acquisition, wellsite reporting, remote communications, and Web-based information management, and enable collaboration between the rig and the office. The Company's products include Pason Service, Automatic Driller, Choke Control, Electronic Drilling Recorder (EDR), Gas Analyzer, Hazardous Gas Alarm System and DataHub, among others. The Company's rig site products include Rig Communications, Rig Display and SideKick, among others. The Company's data analysis includes DataHub, Directional System, Drilling Guidance System (DGS), Live Rig View (LRV) and LRV Mobile (LRV), among others.
Financial Overview
For the three months ended 31 March 2021, PasonSystems Inc. revenues decreased 42% to C$42.6M. Net incomedecreased 74% to C$4.3M. Revenues reflect Internationalsegment decrease of 24% to C$7.1M. Net income also reflectsStock-based compensation (recovery) expe increase fromC$122K (income) to C$2.6M (expense), Equity loss (income)decrease from C$244K (income) to C$329K (expense). Dividendper share decreased from C$0.19 to C$0.05.
Employees: 678 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $516.61M as of Mar 31, 2021
Annual revenue (TTM): $125.23M as of Mar 31, 2021
EBITDA (TTM): $13.44M as of Mar 31, 2021
Net annual income (TTM): -$6.04M as of Mar 31, 2021
Free cash flow (TTM): $11.60M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 83,088,941 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization