Pulse Seismic Inc - PLSDF STOCK NEWS

Pulse Seismic Inc. (OTCQX:PLSDF) announced the completion of a $17.0 million seismic data licensing contract, fulfilling a previously signed agreement. The contract involved delivering $9.7 million of seismic data in 2021, contributing to approximately $46.6 million in total data library sales for the year. This achievement marks the second highest annual revenue in the company's history. Additionally, Mantu Sihota has been appointed as Director of Geoscience, bringing over 27 years of experience to the team. Pulse remains a leader in seismic data acquisition and licensing for the Canadian energy sector.

Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) has received approval from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to 3,097,433 common shares, representing 10% of its public float. This bid will commence on November 2, 2021, and conclude on November 1, 2022. Daily purchases will be capped at 8,113 shares. The company has a history of returning $109.1 million to shareholders via dividends and buybacks, indicating a belief that shares may be undervalued. Pulse is a leader in seismic data acquisition, holding Canada's largest licensable seismic data library.

Pulse Seismic Inc. reported robust financial results for Q3 and YTD 2021, with revenue reaching $32.8 million and shareholder free cash flow of $21.3 million. The Company fully repaid $38 million in debt and declared a regular quarterly dividend of $0.0125 per share, and a special dividend of $0.04 per share, totaling $2.8 million. Expected seismic data sales of $9.7 million in early 2022 bolster the outlook. The decision to initiate a Normal Course Issuer Bid for 3.1 million shares reflects strong cash flow and a healthy balance sheet.

Pulse Seismic Inc. reported strong financial results for Q2 and H1 2021, with data library sales revenue reaching $19.0 million and $23.7 million, respectively, significantly up from $1.9 million and $4.0 million in 2020. The company turned a net profit of $10.2 million for both Q2 and H1 2021, compared to losses in the same periods last year. Cash EBITDA rose to $17.6 million for Q2 2021, up from $1.0 million in 2020. Pulse repaid $17.5 million of long-term debt during H1 and currently holds $21.0 million available on its revolving credit facility.

Pulse Seismic Inc. (OTCQX: PLSDF) announced a $6.4 million seismic data licensing contract in West Central Alberta, significantly increasing cash EBITDA and reducing long-term debt. The company reported Q2 seismic data sales revenue of $19.0 million, bringing year-to-date sales to $23.7 million, more than double the full-year 2020 revenue. Debt levels have decreased to $10.6 million, down from $28.0 million at the end of 2020. The second quarter financial results will be released on July 21, 2021.

Pulse Seismic has announced a significant $17.0 million seismic data licensing contract, recognizing immediate revenue of $7.3 million. The remainder, valued at $9.7 million, will be recognized upon customer selection by April 15, 2022. This deal brings year-to-date sales to $17.2 million, reflecting a 56% increase from 2020. Additionally, total debt has halved to $19.2 million, improving the company's financial stability. Pulse holds Canada's most extensive seismic data library, enhancing its potential for future sales in the energy sector.

Pulse Seismic announced the results of its annual meeting held on April 22, 2021, in Calgary. All nominee directors were elected, achieving extremely high approval rates: Neal Coleman (99.97%), Paul Crilly (99.95%), and others within the same range. The "Say on Pay" advisory vote for executive compensation received 99.88% approval. Pulse, a leader in seismic data acquisition and licensing in Canada, boasts the largest seismic data library covering approximately 65,310 square kilometers of 3D and 829,207 kilometers of 2D data.

Pulse Seismic reports significant financial improvements for Q1 2021, with total revenue of $4.8 million, up from $2.3 million in Q1 2020. The company achieved net earnings of $33,000 versus a net loss of $2.8 million during the same period last year. Cash EBITDA rose to $3.6 million from $1.1 million, and shareholder free cash flow increased to $2.6 million. The company has reduced long-term debt by $8.8 million, bringing total long-term debt to $19.0 million. Despite a cautious outlook amid industry uncertainty, Pulse continues to focus on cash preservation and cost reduction.

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.