Pulse Seismic Achieves Significant Milestone with License Sale
Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) has recently announced an impressive seismic data license sale valued at $13.5 million, marking a vital achievement for the company.
Financial Performance and Revenue Insights
Preliminary reports indicate that the revenue for the second quarter so far is approximately $17.2 million, bolstered by this substantial license deal. Consequently, this pushes the total revenue from licenses for the year to date to an impressive $40 million, reflecting a remarkable 66% increase compared to the average annual revenue achieved over the past three years.
CEO Comments on Financial Outlook
Neal Coleman, the President and CEO of Pulse Seismic, expressed satisfaction over the recent sale, stating, “This seismic data license sale contributes significantly to our financial success, especially concerning EBITDA and cash flow for our shareholders.” He highlighted the company’s low-cost operating structure, which combined with a strong EBITDA margin, sets a robust financial outlook for the future.
Highlighting Strategic Execution
Coleman further emphasized how the company’s performance thus far illustrates the execution of their strategic vision, reinforcing their business model’s capacity for long-term value creation for stakeholders. This achievement underlines Pulse Seismic's ongoing commitment to its core objectives and is indicative of the positive trajectory the company is maintaining.
Enhanced Shareholder Returns
In the first quarter of 2025, Pulse Seismic also announced a 17% increase in its regular quarterly dividend, raising it to $0.07 per share. This raised annualized distribution is estimated at around $3.6 million, taking into account the current outstanding shares of 50,755,057. Up to now in 2025, total dividends declared and paid amount to $0.2325 per share, including two regular dividends and an additional special dividend of $0.20 per share. This translates to a substantial year-to-date return of capital through dividends of approximately $11.8 million to shareholders.
Upcoming Financial Reports and Expectations
It is crucial to note that these figures are preliminary and await auditing by the relevant authorities. Investors can anticipate a detailed release of Pulse’s second-quarter financial results on July 22, 2025, after the market closes, providing further insights into the company’s performance.
Overview of Seismic Data Library
Pulse Seismic boasts a premier seismic data library, delivering significant coverage deemed essential for exploration and development activities in Canada’s energy sector. The company holds the largest licensable seismic data library in Canada, covering an area of approximately 65,310 square kilometers in 3D seismic and 829,207 kilometers in 2D seismic. This extensive library plays a crucial role in Western Canada’s energy exploration landscape.
Commitment to Customer Care
The company’s commitment extends to maintaining a formidable balance sheet and offering exceptional customer service, essential for navigating the extrinsic fluctuations inherent to the seismic data licensing business.
Corporate Profile
As an industry leader, Pulse Seismic is dedicated to the acquisition, marketing, and licensing of seismic data primarily targeted at the western Canadian energy sector. Their data library not only provides essential geological insights but also supports companies in making informed decisions regarding exploration and development activities.
Contact Information
For more information, you can reach out to:
Neal Coleman, President and CEO
Or
Pamela Wicks, VP Finance and CFO
Telephone: 403-237-5559
Toll-free: 1-877-460-5559
Email: info@pulseseismic.com
Visit our website for additional information: www.pulseseismic.com
Frequently Asked Questions
What was the value of the seismic data license sold by Pulse Seismic?
The seismic data license sold by Pulse Seismic was valued at $13.5 million.
What is the company’s revenue for the second quarter so far?
Preliminary figures indicate a second-quarter revenue of approximately $17.2 million, which includes the recent license sale.
How much has Pulse Seismic increased its regular dividend?
Pulse Seismic increased its regular quarterly dividend by 17%, raising it to $0.07 per share.
What is the total dividend declared this year so far?
Year-to-date, total dividends declared amount to $0.2325 per share, alongside a special dividend of $0.20 per share.
Who can I contact for more information about Pulse Seismic?
For further inquiries, you can contact Neal Coleman, the President and CEO, or Pamela Wicks, VP Finance and CFO, via the contact details provided above.
