Pulse Announces a $10.0 Million Seismic Data Licensing Agreement and Provides Revenue Update
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 ha annunciato un importante accordo di licenza per dati sismici del valore di 10,0 milioni di dollari per dati sismici 3D nella regione del West Central Alberta. L'azienda riporta un fatturato da licenze di 21,7 milioni di dollari dal 1 ottobre 2024, con 5,6 milioni di dollari concessi in licenza nel quarto trimestre del 2024, portando le entrate totali previste per il 2024 a 23,4 milioni di dollari. Per il 2025, inclusa la nuova intesa, il fatturato totale da licenze ammonta a 16,1 milioni di dollari.
L'azienda ha restituito 9,5 milioni di dollari agli azionisti nel 2024 tramite dividendi e riacquisti di azioni. Questo include un aumento del 9% del dividendo trimestrale a un annualizzato di 0,06 dollari per azione, un dividendo speciale di 0,05 dollari per azione e pagamenti totali di dividendi di 0,10875 dollari per azione (5,6 milioni di dollari). Inoltre, Pulse ha acquistato e annullato circa 1,8 milioni di azioni per un valore di 3,9 milioni di dollari nell'ambito del suo normale programma di acquisto di azioni.
Pulse Seismic ha anunciado un significativo acuerdo de licencia de datos sísmicos por 10,0 millones de dólares para datos sísmicos 3D en el centro-oeste de Alberta. La compañía informa 21,7 millones de dólares en ingresos por licencias desde el 1 de octubre de 2024, con 5,6 millones de dólares licenciados en el cuarto trimestre de 2024, lo que eleva los ingresos totales esperados para 2024 a 23,4 millones de dólares. Para 2025, incluyendo el nuevo acuerdo, los ingresos totales por licencias se sitúan en 16,1 millones de dólares.
La compañía devolvió 9,5 millones de dólares a los accionistas en 2024 a través de dividendos y recompra de acciones. Esto incluyó un aumento del 9% en el dividendo trimestral a un anualizado de 0,06 dólares por acción, un dividendo especial de 0,05 dólares por acción y pagos totales de dividendos de 0,10875 dólares por acción (5,6 millones de dólares). Además, Pulse compró y canceló aproximadamente 1,8 millones de acciones por un valor de 3,9 millones de dólares bajo su oferta normal de compra.
펄스 시즈믹은 서부 중앙 알버타에서 3D 시즈믹 데이터에 대한 1천만 달러의 상당한 시즈믹 데이터 라이선스 계약을 발표했습니다. 이 회사는 2024년 10월 1일부터 2,170만 달러의 라이선스 수익을 보고하며, 2024년 4분기에 560만 달러가 라이선스 되었다고 보도하여 2024년 전체 예상 수익을 2,340만 달러로 보고하고 있습니다. 2025년에는 새로운 계약을 포함하여 총 라이선스 수익이 1,610만 달러입니다.
회사는 2024년 주주에게 950만 달러를 배당금과 자사주 매입을 통해 되돌려주었습니다. 여기에는 분기 배당금의 9% 증가가 포함되어 연간 0.06달러 per سهم, 특별 배당금 0.05달러 per سهم, 총 배당금 지급 0.10875달러 per سهم (560만 달러)입니다. 또한, 펄스는 정상 과정 발행자 입찰에 따라 약 180만 주를 390만 달러에 매입하고 취소했습니다.
Pulse Seismic a annoncé un accord de licence de données sismiques significatif de 10,0 millions de dollars pour des données sismiques 3D dans le Centre-Ouest de l'Alberta. La société signale 21,7 millions de dollars de revenus de licences depuis le 1er octobre 2024, avec 5,6 millions de dollars licenciés au 4ème trimestre 2024, portant les revenus totaux attendus pour 2024 à 23,4 millions de dollars. Pour 2025, y compris le nouvel accord, les revenus totaux de licences s'élèvent à 16,1 millions de dollars.
La société a restitué 9,5 millions de dollars aux actionnaires en 2024 par le biais de dividendes et de rachats d'actions. Cela comprenait une augmentation de 9 % du dividende trimestriel à un montant annualisé de 0,06 dollar par action, un dividende spécial de 0,05 dollar par action et des paiements de dividendes totaux de 0,10875 dollar par action (5,6 millions de dollars). De plus, Pulse a acheté et annulé environ 1,8 million d'actions d'une valeur de 3,9 millions de dollars dans le cadre de son offre normale de rachat d'actions.
Pulse Seismic hat eine bedeutende Lizenzvereinbarung über 10,0 Millionen Dollar für 3D-Seismikdaten in West-Zentral-Alberta bekannt gegeben. Das Unternehmen berichtet von 21,7 Millionen Dollar an Lizenzumsätzen seit dem 1. Oktober 2024, wobei 5,6 Millionen Dollar im 4. Quartal 2024 lizenziert wurden, was die erwarteten Gesamteinnahmen für 2024 auf 23,4 Millionen Dollar bringt. Für 2025, einschließlich des neuen Vertrags, belaufen sich die Gesamtlizenzumsätze auf 16,1 Millionen Dollar.
Das Unternehmen hat 2024 insgesamt 9,5 Millionen Dollar an Aktionäre in Form von Dividenden und Aktienrückkäufen zurückgegeben. Dies beinhaltete eine Erhöhung der vierteljährlichen Dividende um 9% auf annualisierte 0,06 Dollar pro Aktie, eine Sonderdividende von 0,05 Dollar pro Aktie und Gesamtdividendenzahlungen von 0,10875 Dollar pro Aktie (5,6 Millionen Dollar). Zudem kaufte und stornierte Pulse etwa 1,8 Millionen Aktien im Wert von 3,9 Millionen Dollar im Rahmen seines regulären Angebots für Aktienrückkäufe.
- Secured new $10.0 million seismic data licensing contract
- Generated $23.4 million in total revenue for 2024
- Already secured $16.1 million in licensing revenue for 2025
- Returned $9.5 million to shareholders in 2024
- Increased regular quarterly dividend by 9%
- None.
CALGARY, Alberta, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce the signing of a
The Company is also pleased to provide a preliminary update on recent licensing revenue. Since October 1, 2024, the Company has licensed
“As owners of Canada’s largest licensable seismic data library, we value our client relationships and the role our subsurface data plays as a strategic risk mitigation tool for the energy industry,” stated Neal Coleman, the Company’s President and CEO. “We are very pleased to report this material data licensing agreement, helping our clients maximize the value of their projects, while also generating returns for Pulse. Significant sales such as this, produce material incremental free cashflow for the Company,” Coleman continued.
Pulse returned
These figures are preliminary and have not yet been audited or reviewed by our auditors. The Company will release its 2024 annual and fourth quarter financial results on February 13, 2025, after markets close.
Significant quarterly and annual fluctuations in data sales are intrinsic to the seismic data library business. The Company remains focused on maintaining a strong balance sheet, a low-cost structure and providing excellent customer care.
CORPORATE PROFILE
Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada’s oil and natural gas exploration and development occur.
For further information, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, VP Finance and CFO
Tel.: 403-237-5559
Toll-free: 1-877-460-5559
E-mail: info@pulseseismic.com.
Please visit our website at www.pulseseismic.com
PDF available: http://ml.globenewswire.com/Resource/Download/57936ee4-ab00-4327-a730-9854ad3d848c
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