Pulse Seismic (PSD) AI Stock Analysis

• Market Cap: C$162.42M
• Dividend Yield: 14.94%
• Average Volume (3M): 33.58K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.16
• Revenue Growth: 44.44%
• EPS Growth: 110.60%
• Country: CA
• Employees: 15
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.03
• Shares Outstanding: 50,755,060
• 10 Day Avg. Volume: 34,493
• 30 Day Avg. Volume: 33,583
• PEG Ratio: -0.47
• Price to Book (P/B): 6.72
• Price to Sales (P/S): 5.26
• P/FCF Ratio: 8.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$3.50 ▲(9.37% Upside)

Pulse Seismic's overall stock score is driven by its strong financial performance and attractive valuation, which are key strengths. The technical analysis suggests some caution due to potential overbought conditions. The positive corporate events further support the stock's outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Pulse Seismic's services, suggesting a solid market position and potential for continued expansion.

Cash Generation

Efficient cash generation supports financial flexibility, enabling reinvestment in growth opportunities and reducing reliance on external financing.

Profitability

Enhanced profitability reflects effective cost management and operational efficiency, strengthening Pulse Seismic's competitive advantage in the industry.

Negative Factors

Revenue Volatility

Revenue volatility may indicate challenges in maintaining consistent sales, potentially impacting long-term financial stability and planning.

Asset Reduction

A decrease in assets could limit growth potential and operational capacity, posing a risk to sustaining long-term business expansion.

Industry Cyclicality

Dependence on the cyclical oil and gas industry can lead to fluctuating revenues, affecting Pulse Seismic's ability to maintain steady financial performance.

Pulse Seismic Business Overview & Revenue Model

Company Description

Pulse Seismic Inc. acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Western Canada. Its data library covers principal areas in Alberta, British Columbia, and Saskatchewan. The company's seismic data is used by oil and natural gas exploration and development companies. It owns and manages licensable seismic data library that consists of approximately 65,310 net square kilometers of 3D seismic; and 8,29,207 linear kilometers of 2D seismic data. The company was formerly known as Pulse Data Inc. and changed its name to Pulse Seismic Inc. in May 2009. Pulse Seismic Inc. was incorporated in 1985 and is headquartered in Calgary, Canada.

How the Company Makes Money

Pulse Seismic generates revenue primarily through the sale of seismic data and services to oil and gas companies. Its revenue model includes direct sales of proprietary seismic data, which can be licensed on a multi-client or exclusive basis. Additionally, the company earns income from custom seismic survey contracts, where it provides tailored services to clients based on specific project needs. Partnerships with major oil and gas operators enhance its data library and create additional revenue opportunities through data sharing agreements. The cyclical nature of the oil and gas industry impacts income levels, with revenues often correlating with exploration and production activities.

Pulse Seismic Financial Statement Overview

Summary

Pulse Seismic demonstrates a strong financial position with significant improvements in profitability, cash flow, and equity stability. However, the volatility in revenue and asset levels indicates potential risks that the company needs to manage.

Income Statement

Pulse Seismic's income statement shows a strong recovery and growth trajectory. The company has significantly improved its gross profit margin from a negative figure in 2020 to a robust 75.56% in TTM (Trailing-Twelve-Months). Net profit margin has also improved remarkably to 37.70% in TTM, highlighting enhanced profitability. The revenue growth rate between 2024 and TTM is a notable 59.82%, indicating strong upward momentum. EBIT and EBITDA margins are healthy at 54.03% and 79.18%, respectively, reflecting effective cost management and operational efficiency. However, the volatility in revenue from 2021 to 2022 suggests potential instability.

Balance Sheet

The balance sheet analysis reveals a solid equity position, with an equity ratio of 74.91% in TTM, indicating financial stability. The debt-to-equity ratio remains low at 0.01, suggesting conservative leverage practices. Return on equity has improved to 68.58% in TTM, showcasing efficient use of equity to generate profits. However, the significant reduction in total assets from 2023 to TTM may raise concerns about asset sustainability and growth potential.

Cash Flow

Pulse Seismic's cash flow statement reflects strong cash generation capabilities. The free cash flow to net income ratio is impressive at 1.44 in TTM, indicating efficient conversion of income to cash. Operating cash flow to net income ratio is similarly strong at 1.44, highlighting robust cash-generating operations. The free cash flow growth rate from 2024 to TTM is a substantial 45.73%, underscoring significant improvements in cash flow performance. The consistent positive free cash flow supports financial flexibility and potential for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.38M	23.38M	39.13M	9.57M	49.15M	11.35M
Gross Profit	40.30M	14.20M	29.94M	-505.00K	38.53M	-666.00K
EBITDA	40.52M	15.97M	30.98M	2.14M	42.36M	7.25M
Net Income	22.31M	3.39M	15.01M	-7.91M	21.51M	-6.79M
Balance Sheet
Total Assets	36.48M	21.52M	41.25M	35.22M	52.90M	56.74M
Cash, Cash Equivalents and Short-Term Investments	25.88M	8.72M	15.95M	5.82M	-500.00K	-1.36M
Total Debt	212.00K	204.00K	269.00K	21.00K	2.77M	29.07M
Total Liabilities	7.30M	3.22M	15.59M	1.73M	8.76M	31.48M
Stockholders Equity	29.18M	18.30M	25.66M	33.50M	44.14M	25.27M
Cash Flow
Free Cash Flow	34.11M	13.93M	23.50M	11.98M	29.44M	3.42M
Operating Cash Flow	34.16M	14.20M	23.52M	11.99M	29.80M	3.81M
Investing Cash Flow	-45.00K	-270.00K	-28.00K	-12.00K	-358.00K	-390.00K
Financing Cash Flow	-17.63M	-21.15M	-13.37M	-6.16M	-29.44M	-4.78M

Pulse Seismic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.20
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSD, the sentiment is Positive. The current price of 3.2 is above the 20-day moving average (MA) of 3.03, above the 50-day MA of 3.01, and above the 200-day MA of 3.00, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 84.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PSD.

Pulse Seismic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSD	76 Outperform	C$162.42M	7.32	123.45%	14.94%	44.44%	110.60%
SHLE	74 Outperform	C$200.44M	8.70	11.94%	―	-0.39%	-86.01%
MCB	67 Neutral	C$78.69M	11.16	11.40%	3.26%	15.91%	-2.15%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
E	64 Neutral	C$109.37M	29.44	5.09%	―	-7.13%	-60.41%
HWO	49 Neutral	C$11.05M	-51.48	-0.80%	―	-75.46%	-100.66%
SFD	45 Neutral	C$35.48M	-5.29	-51.99%	―	418.77%	56.71%

Pulse Seismic Corporate Events

Pulse Seismic Inc. Reports Strong Q3 2025 Financial Results and Declares Dividends

Pulse Seismic Inc. reported its Q3 2025 financial results, highlighting a significant increase in revenue and net earnings compared to the previous year. The company declared a regular quarterly dividend and a special dividend, reflecting strong financial performance. Despite a slight quarterly net loss, the year-to-date figures show substantial growth in revenue and earnings, indicating a positive trajectory for the company. Pulse also renewed its Normal Course Issuer Bid, purchasing and canceling shares, which demonstrates a commitment to enhancing shareholder value.