Canada's Pulse Seismic posts higher Q2 revenue
Overview
Pulse Seismic Q2 revenue rises to CAD 18.3 mln from CAD 6.3 mln in 2024
Net earnings for Q2 increase to CAD 9.6 mln from CAD 1.3 mln in 2024
Company declares special dividend of CAD 0.20 per share and paid in Q1 of 2025
Declares regular quarterly dividend of $0.0175 per common share
Outlook
Pulse sees "strong" M&A activity continuing through 2025
Pulse’s ability to forecast future revenue continues to be challenging
Pulse notes uncertainty in energy tariffs affecting future outlook
Result Drivers
DATA SALES - Increased traditional data sales contributed to revenue growth, per CEO Neal Coleman
ENERGY M&A - Strong M&A activity in the energy sector boosted revenue
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| C$18.30 mln |
|
Q2 Net Income |
| C$9.60 mln |
|
Q2 Dividend |
| C$0.0175 |
|
Q2 EBITDA |
| C$15.20 mln |
|
Q2 Free Cash Flow |
| C$11.70 mln |
|
Press Release: ID:nGNX620DXP
