Pulse Seismic Boosts Revenue with Major Data License Sale

Pulse Seismic ( (TSE:PSD) ) just unveiled an update.

Pulse Seismic Inc. announced a significant seismic data license sale valued at $13.5 million, contributing to a substantial increase in their year-to-date licensing revenue, which has risen by 66% compared to the average of the last three years. This sale, along with a strategic focus on maintaining a low-cost structure and strong EBITDA margins, underscores the company’s robust financial performance and commitment to delivering sustained value to stakeholders, reflected in their increased dividend payouts.

Spark’s Take on TSE:PSD Stock

According to Spark, TipRanks’ AI Analyst, TSE:PSD is a Outperform.

Pulse Seismic’s strong financial performance and valuation are the most significant factors in its overall score. The company’s robust cash flow and profitability, combined with a low P/E ratio and attractive dividend yield, support a positive outlook. Technical indicators suggest caution due to potential overbought conditions. Strong corporate events further bolster confidence in the company’s strategic direction.

To see Spark’s full report on TSE:PSD stock, click here.

More about Pulse Seismic

Pulse Seismic Inc. is a leading company in the acquisition, marketing, and licensing of 2D and 3D seismic data, primarily serving the western Canadian energy sector. It owns the largest licensable seismic data library in Canada, covering the Western Canada Sedimentary Basin, a key area for oil and natural gas exploration and development.

Average Trading Volume: 8,779

Technical Sentiment Signal: Buy

Current Market Cap: C$146.8M

See more insights into PSD stock on TipRanks’ Stock Analysis page.