Pulse Announces a $13.5 Million Seismic Data License Sale and Provides Revenue Update

Core Insights - Pulse Seismic Inc. announced the sale of a seismic data license valued at $13.5 million, contributing significantly to its financial performance [1][2] - Year-to-date revenue from licensing reached $40.0 million, marking a 66% increase compared to the average annual revenue over the last three years [1] - The company has increased its regular quarterly dividend by 17%, bringing the annualized dividend to $0.07 per share, with total dividends paid in 2025 amounting to $11.8 million [3] Financial Performance - Preliminary revenue for the second quarter of 2025 is approximately $17.2 million, including the recent license sale [1] - The company's EBITDA and shareholder free cash flow are expected to benefit from the recent license sale, supported by a low-cost operating structure and strong EBITDA margins [2] - Total dividends declared and paid year-to-date include two regular quarterly dividends and a special dividend, totaling $0.2325 per share [3] Company Overview - Pulse Seismic is a leader in the acquisition, marketing, and licensing of seismic data in the western Canadian energy sector, owning the largest licensable seismic data library in Canada [6] - The seismic data library consists of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic, covering the Western Canada Sedimentary Basin [6] - The company focuses on maintaining a strong balance sheet and providing excellent customer care, despite inherent fluctuations in data sales [5]