Pulse Seismic (PSD) AI Stock Analysis

• Market Cap: C$204.38M
• Dividend Yield: 14.94%
• Average Volume (3M): 33.58K
• Price to Earnings (P/E): 7.2
• Beta (1Y): 0.03
• 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: 50,714,855
• 10 Day Avg. Volume: 34,493
• 30 Day Avg. Volume: 33,583
• PEG Ratio: 0.01
• Price to Book (P/B): 9.65
• Price to Sales (P/S): 3.27
• P/FCF Ratio: 4.75
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 85 Outperform
• Price Target: C$4.50 ▲(30.43% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by strong financial fundamentals (high profitability, robust cash generation, and extremely low leverage) and supportive technicals (price above major moving averages with positive MACD). Valuation further boosts the score due to a low P/E and high dividend yield, while the key risk remains historically volatile performance across the cycle.

Positive Factors

Conservative balance sheet

Extremely low leverage materially reduces financial risk and preserves optionality. With minimal debt the company can fund multi-client programs, absorb sector downturns, and allocate cash to reprocessing or licensing initiatives without urgent refinancing, supporting durable operational flexibility.

Negative Factors

Cyclical revenue and earnings volatility

Marked year-to-year swings make earnings and cash flow unpredictable, complicating capital allocation for speculative multi-client surveys and shareholder distributions. Volatility diminishes visibility for long-term planning and increases the risk that profitable years must subsidize leaner periods.

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 co...

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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 co...

How the Company Makes Money

Pulse Seismic primarily makes money by licensing access to its proprietary seismic data library to energy industry customers. Revenue is generated when customers pay fees to obtain rights to use specific 2D/3D seismic surveys for exploration and d...

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Pulse Seismic primarily makes money by licensing access to its proprietary seismic data library to energy industry customers. Revenue is generated when customers pay fees to obtain rights to use specific 2D/3D seismic surveys for exploration and d...

Pulse Seismic Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.09M	23.38M	39.13M	9.57M	49.15M
Gross Profit	42.10M	14.20M	29.94M	-505.00K	38.53M
EBITDA	40.85M	15.97M	30.98M	2.14M	42.36M
Net Income	23.12M	3.39M	15.01M	-7.91M	21.51M
Balance Sheet
Total Assets	22.84M	21.52M	41.25M	35.22M	52.90M
Cash, Cash Equivalents and Short-Term Investments	19.75M	8.72M	15.95M	5.82M	-500.00K
Total Debt	183.00K	204.00K	269.00K	21.00K	2.77M
Total Liabilities	5.53M	3.22M	15.59M	1.73M	8.76M
Stockholders Equity	17.32M	18.30M	25.66M	33.50M	44.14M
Cash Flow
Free Cash Flow	35.15M	13.93M	23.50M	11.98M	29.44M
Operating Cash Flow	35.20M	14.20M	23.52M	11.99M	29.80M
Investing Cash Flow	-58.00K	-270.00K	-28.00K	-12.00K	-358.00K
Financing Cash Flow	-24.12M	-21.15M	-13.37M	-6.16M	-29.44M

Pulse Seismic Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.45
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSD, the sentiment is Neutral. The current price of 3.45 is below the 20-day moving average (MA) of 4.36, below the 50-day MA of 4.09, and below the 200-day MA of 3.47, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 30.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PSD.

Pulse Seismic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSD	85 Outperform	C$204.38M	7.23	110.53%	14.94%	44.44%	110.60%
SHLE	67 Neutral	C$190.58M	6.13	15.59%	―	-0.39%	-86.01%
MCB	67 Neutral	C$64.65M	8.76	11.40%	3.26%	15.91%	-2.15%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
E	60 Neutral	C$101.36M	31.76	4.11%	―	-7.13%	-60.41%
HWO	54 Neutral	C$11.17M	29.86	-0.93%	―	-75.46%	-100.66%
SFD	52 Neutral	C$40.62M	-14.57	-45.78%	―	418.77%	56.71%

Pulse Seismic Corporate Events