Pulse Seismic Inc - PLSDF STOCK NEWS

Pulse Seismic Inc. (PLSDF) reported its 2024 financial results and declared both regular and special dividends. The company announced a quarterly dividend of $0.015 per share and a special dividend of $0.20 per share, totaling approximately $10.9 million.

Key 2024 financial highlights include:

• Total revenue of $23.4 million, down from $39.1 million in 2023
• Net earnings of $3.4 million ($0.07 per share), compared to $15.0 million in 2023
• EBITDA of $15.5 million ($0.30 per share)
• Shareholder free cash flow of $12.4 million

The company reported strong start to 2025 with $17.5 million in sales secured, representing approximately 75% of 2024 sales. Pulse maintains a strong balance sheet with zero debt and $8.7 million in cash balance as of December 31, 2024.

Pulse Seismic has announced a significant $10.0 million seismic data licensing agreement for 3D seismic data in West Central Alberta. The company reports $21.7 million in licensing revenue since October 1, 2024, with $5.6 million licensed in Q4 2024, bringing the expected 2024 total revenue to $23.4 million. For 2025, including the new deal, total licensing revenue stands at $16.1 million.

The company returned $9.5 million to shareholders in 2024 through dividends and share buybacks. This included a 9% increase in quarterly dividend to an annualized $0.06 per share, a special dividend of $0.05 per share, and total dividend payments of $0.10875 per share ($5.6 million). Additionally, Pulse purchased and cancelled approximately 1.8 million shares worth $3.9 million under its normal course issuer bid.

Pulse Seismic Inc. (PLSDF) reported its Q3 2024 financial results and approved a quarterly dividend of $0.015 per share. The company recorded total revenue of $2.7M for Q3 2024, down from $5.1M in Q3 2023. Net loss was $1.4M compared to net earnings of $393,000 in Q3 2023. For the nine months ended September 30, 2024, total revenue was $17.8M versus $22.3M in 2023. The company remains debt-free with $7.5M cash on hand. Additional sales of $2.7M in October brought year-to-date revenue to $20.5M. The company continued its shareholder returns through dividends and share buybacks, returning approximately 92% of shareholder free cashflow.

Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) reported its Q2 2024 financial results and declared dividends. The company announced a regular quarterly dividend of $0.015 per share and a special dividend of $0.05 per share, totaling approximately $3.3 million. Key highlights include:

- Shareholder free cash flow of $3.9 million ($0.07 per share) for Q2 2024
- EBITDA of $4.4 million ($0.09 per share) for Q2 2024
- Net earnings of $1.3 million ($0.03 per share) for Q2 2024
- Total revenue of $6.3 million for Q2 2024
- Debt-free status with $9.4 million cash on hand as of June 30, 2024

The company maintained a strong financial position and continued its focus on returning capital to shareholders through dividends and share buybacks.

Pulse Seismic Inc. announced the voting results from its annual meeting, with all nominee directors being elected. The 'Say on Pay' shareholder advisory vote on executive compensation received 99.79% approval. Pulse is a leader in seismic data acquisition and licensing in western Canada.

Pulse Seismic Inc. reports Q1 2024 results, including a 9% increase in regular dividend to $0.015 per share and total annual dividend of $0.06 per share. Shareholder free cash flow was $5.0 million, EBITDA was $6.2 million, and net earnings were $2.7 million for the quarter. Total revenue was $8.8 million. Pulse purchased and cancelled 627,300 common shares at a total cost of $1.2 million. The company was debt-free with $13.8 million in cash at the end of the quarter.

Pulse Seismic Inc. (PLSDF) initiates an automatic share purchase plan to repurchase common shares under its normal course issuer bid. The company plans to buy up to 2,957,406 common shares, representing 10% of the public float, with 634,400 shares already purchased at an average price of $1.88. The broker can buy shares during regulatory restrictions to enhance repurchase efficiency.

Pulse Seismic Inc. reports exceptional financial performance for 2023 with significant increases in sales, dividends, and shareholder returns. The company remains debt-free, with strong cash reserves and a positive outlook for the energy industry in 2024.

Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) has announced the acceptance of its Notice of Intention to commence a normal course issuer bid by the Toronto Stock Exchange. The bid allows Pulse to purchase up to 2,957,406 common shares, representing 10% of the public float. The duration of the bid is from December 20, 2023, through December 19, 2024. Since 2003, Pulse has returned approximately $137.8 million to its shareholders through dividends and share buybacks. Pulse is a market leader in the acquisition, marketing, and licensing of 2D and 3D seismic data to the western Canadian energy sector, owning the largest licensable seismic data library in Canada.