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Pulse Seismic Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 51.1M 23.4M 39.1M 9.6M 49.1M
Operating Revenue 51.1M 23.4M 39.1M 9.3M 48.7M
Cost Of Revenue 9.0M 9.2M 9.2M 10.1M 10.6M
Gross Profit 42.1M 14.2M 29.9M -505,000 38.5M
Selling General And Administration 10.2M 7.9M 8.7M 7.2M 6.5M
General And Administrative Expense 10.2M 7.9M 8.7M 7.2M 6.5M
Operating Expense 10.2M 7.9M 8.7M 7.2M 6.5M
Operating Income 31.9M 6.3M 21.2M -7.7M 32.0M
EBIT 32.3M 6.8M 21.6M -8.1M 31.7M
Interest Expense 14,000 19,000 18,000 18,000 1.6M
Interest Expense Non Operating 14,000 19,000 18,000 18,000 1.6M
Interest Income 478,000 474,000 554,000 103,000 62,000
Interest Income Non Operating 478,000 474,000 554,000 103,000 62,000
Net Interest Income 464,000 442,000 382,000 -95,000 -1.8M
Other Income Expense -- -- -- -295,000 --
Special Income Charges -- -- 0.00 -295,000 0.00
Write Off -- -- 0.00 295,000 0.00
Pretax Income 32.3M 6.8M 21.6M -8.1M 30.2M
Tax Provision 9.2M 3.4M 6.6M -228,000 8.7M
Tax Effect Of Unusual Items 0.00 0.00 0.00 -8,268 0.00
Net Income From Continuing And Discontinued Operation 23.1M 3.4M 15.0M -7.9M 21.5M
Net Income From Continuing Operation Net Minority Interest 23.1M 3.4M 15.0M -7.9M 21.5M
Net Income Including Noncontrolling Interests 23.1M 3.4M 15.0M -7.9M 21.5M
Net Income Common Stockholders 23.1M 3.4M 15.0M -7.9M 21.5M
Net Income 23.1M 3.4M 15.0M -7.9M 21.5M
EBITDA 41.3M 16.0M 30.8M 2.0M 42.4M
Normalized EBITDA 41.3M 16.0M 30.8M 2.3M 42.4M
Reconciled Depreciation 9.0M 9.2M 9.2M 10.1M 10.6M
Basic EPS -- 0.07 0.28 -0.15 0.40
Diluted EPS -- 0.07 0.28 -0.15 0.40
Basic Average Shares -- 51.4M 53.2M 53.7M 53.8M
Diluted Average Shares -- 51.4M 53.2M 53.7M 53.8M
Total Unusual Items -- -- 0.00 -295,000 0.00
Total Unusual Items Excluding Goodwill -- -- 0.00 -295,000 0.00
Tax Rate For Calcs 0.28 0.15 0.31 0.03 0.29
Normalized Income 23.1M 3.4M 15.0M -7.6M 21.5M
Diluted NI Availto Com Stockholders 23.1M 3.4M 15.0M -7.9M 21.5M
Net Income Continuous Operations 23.1M 3.4M 15.0M -7.9M 21.5M
Net Non Operating Interest Income Expense 464,000 442,000 382,000 -95,000 -1.8M
Other Gand A 1.9M 1.5M 1.5M 1.5M 1.3M
Reconciled Cost Of Revenue 9.0M 9.2M 9.2M 10.1M 10.6M
Rent And Landing Fees 297,000 318,000 262,000 815,000 244,000
Rent Expense Supplemental 297,000 318,000 262,000 815,000 244,000
Salaries And Wages 8.0M 6.0M 6.9M 4.9M 5.0M
Total Expenses 19.2M 17.1M 17.9M 17.3M 17.1M
Total Operating Income As Reported 31.9M 6.3M 21.2M -8.0M 32.0M
Total Other Finance Cost -- 13,000 154,000 180,000 331,000
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 19.7M 8.7M 15.9M 5.8M 0.00
Cash Cash Equivalents And Short Term Investments 19.7M 8.7M 15.9M 5.8M 0.00
Accounts Receivable 1.0M 1.9M 6.2M 1.1M 14.7M
Receivables 1.1M 2.5M 6.3M 1.5M 15.0M
Prepaid Assets 262,000 262,000 292,000 430,000 363,000
Current Assets 21.1M 11.5M 22.5M 7.7M 15.4M
Gross PPE 255,000 289,000 330,000 32,000 278,000
Net PPE 255,000 289,000 330,000 32,000 278,000
Goodwill And Other Intangible Assets 544,000 9.4M 18.3M 27.4M 37.2M
Other Intangible Assets 544,000 9.4M 18.3M 27.4M 37.2M
Total Non Current Assets 1.7M 10.0M 18.7M 27.5M 37.5M
Total Assets 22.7M 21.5M 41.2M 35.2M 52.9M
Current Debt And Capital Lease Obligation 85,000 70,000 65,000 21,000 479,000
Accounts Payable 1.8M 979,000 2.6M 1.1M 2.6M
Payables 4.2M 2.2M 13.6M 1.1M 5.1M
Payables And Accrued Expenses 4.2M 2.2M 13.6M 1.1M 5.1M
Current Deferred Revenue -- 47,000 1.4M 47,000 45,000
Current Liabilities 4.3M 2.3M 15.1M 1.1M 5.6M
Long Term Debt -- -- -- -- 2.3M
Long Term Debt And Capital Lease Obligation 49,000 134,000 204,000 0.00 2.3M
Long Term Capital Lease Obligation 49,000 134,000 204,000 0.00 21,000
Total Non Current Liabilities Net Minority Interest 1.1M 962,000 541,000 581,000 3.1M
Total Liabilities Net Minority Interest 5.4M 3.2M 15.6M 1.7M 8.8M
Common Stock 70.3M 70.5M 73.0M 74.3M 74.6M
Capital Stock 70.3M 70.5M 73.0M 74.3M 74.6M
Additional Paid In Capital 2.1M 2.1M 3.4M 3.0M 2.7M
Retained Earnings -55.1M -54.3M -50.7M -43.8M -33.1M
Common Stock Equity 17.3M 18.3M 25.7M 33.5M 44.1M
Stockholders Equity 17.3M 18.3M 25.7M 33.5M 44.1M
Total Equity Gross Minority Interest 17.3M 18.3M 25.7M 33.5M 44.1M
Total Capitalization 17.3M 18.3M 25.7M 33.5M 46.4M
Net Tangible Assets 16.8M 8.9M 7.3M 6.1M 6.9M
Tangible Book Value 16.8M 8.9M 7.3M 6.1M 6.9M
Working Capital 16.8M 9.2M 7.5M 6.6M 9.7M
Invested Capital 17.3M 18.3M 25.7M 33.5M 46.4M
Total Debt 134,000 204,000 269,000 21,000 2.8M
Net Debt -- -- -- -- 2.3M
Share Issued 50.7M 50.8M 52.6M 53.6M 53.8M
Ordinary Shares Number 50.7M 50.8M 52.6M 53.6M 53.8M
Buildings And Improvements 166,000 233,000 299,000 18,000 --
Capital Lease Obligations 134,000 204,000 269,000 21,000 500,000
Current Capital Lease Obligation 85,000 70,000 65,000 21,000 479,000
Current Deferred Liabilities -- 47,000 1.4M 47,000 45,000
Dividends Payable -- 0.00 10.5M 0.00 --
Income Tax Payable -- 0.00 419,000 0.00 2.5M
Leases -- -- -- 18,000 228,000
Non Current Deferred Assets 868,000 304,000 91,000 42,000 0.00
Non Current Deferred Liabilities -- -- 0.00 264,000 572,000
Non Current Deferred Taxes Assets 868,000 304,000 91,000 0.00 --
Non Current Deferred Taxes Liabilities -- -- 0.00 264,000 572,000
Other Payable 2.4M 1.2M -- -- --
Other Properties 89,000 56,000 31,000 14,000 50,000
Other Receivables 33,000 20,000 44,000 23,000 344,000
Properties 0.00 0.00 0.00 0.00 0.00
Taxes Receivable 16,000 589,000 0.00 398,000 0.00
Total Tax Payable -- 0.00 419,000 0.00 2.5M
Tradeand Other Payables Non Current 1.1M 828,000 337,000 317,000 256,000
Treasury Shares Number -- -- 0.00 -- --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 35.2M 14.2M 23.5M 12.0M 29.8M
Cash Flow From Continuing Operating Activities 35.2M 14.2M 23.5M 12.0M 29.8M
Depreciation And Amortization 9.0M 9.2M 9.2M 10.1M 10.6M
Depreciation Amortization Depletion 9.0M 9.2M 9.2M 10.1M 10.6M
Stock Based Compensation -- 0.00 969,000 572,000 311,000
Deferred Tax 9.2M 3.4M 6.6M -228,000 8.7M
Deferred Income Tax 9.2M 3.4M 6.6M -228,000 8.7M
Change In Working Capital 3.1M 2.8M -2.1M 12.4M -4.5M
Changes In Account Receivables -- -- -- 13.9M -7.5M
Change In Receivables 867,000 4.4M -5.2M 13.9M -6.4M
Change In Payables And Accrued Expense 2.3M -1.4M 1.6M -1.5M 1.8M
Change In Payable 2.3M -1.4M 1.6M -1.5M 1.8M
Change In Other Working Capital -77,000 -265,000 1.4M 9,000 187,000
Change In Other Current Liabilities -- -- -- -- 174,000
Other Non Cash Items -464,000 -442,000 -382,000 95,000 1.8M
Capital Expenditure -58,000 -270,000 -28,000 -12,000 -358,000
Purchase Of PPE -58,000 -45,000 -28,000 -12,000 -8,000
Net PPE Purchase And Sale -58,000 -45,000 -28,000 -12,000 -8,000
Investing Cash Flow -58,000 -270,000 -28,000 -12,000 -358,000
Cash Flow From Continuing Investing Activities -58,000 -270,000 -28,000 -12,000 -358,000
Repayment Of Debt -70,000 -65,000 -100,000 -2.9M -26.4M
Net Issuance Payments Of Debt -70,000 -65,000 -100,000 -2.9M -26.4M
Repurchase Of Capital Stock -309,000 -3.9M -1.9M -309,000 -17,000
Net Common Stock Issuance -309,000 -3.9M -1.9M -309,000 -17,000
Common Stock Dividend Paid -23.7M -16.1M -10.9M -2.7M -2.8M
Common Stock Payments -309,000 -3.9M -1.9M -309,000 -17,000
Financing Cash Flow -24.1M -21.2M -13.4M -6.2M -29.4M
Cash Flow From Continuing Financing Activities -24.1M -21.2M -13.4M -6.2M -29.4M
Changes In Cash 11.0M -7.2M 10.1M 5.8M --
Beginning Cash Position 8.7M 15.9M 5.8M 0.00 0.00
End Cash Position 19.7M 8.7M 15.9M 5.8M 0.00
Free Cash Flow 35.1M 13.9M 23.5M 12.0M 29.4M
Amortization Cash Flow 8.9M 9.1M 9.1M 9.8M 10.0M
Amortization Of Intangibles 8.9M 9.1M 9.1M 9.8M 10.0M
Cash Dividends Paid -23.7M -16.1M -10.9M -2.7M -2.8M
Change In Account Payable 798,000 -2.4M 1.6M -1.5M 1.6M
Change In Prepaid Assets 0.00 30,000 138,000 -67,000 -115,000
Depreciation 92,000 87,000 80,000 257,000 614,000
Interest Paid Cfo -14,000 -42,000 -131,000 -134,000 -1.9M
Interest Received Cfo 458,000 503,000 510,000 101,000 0.00
Long Term Debt Payments -70,000 -65,000 -100,000 -2.9M -26.4M
Net Income From Continuing Operations 23.1M 3.4M 15.0M -7.9M 21.5M
Net Intangibles Purchase And Sale 0.00 -225,000 0.00 0.00 -350,000
Net Long Term Debt Issuance -70,000 -65,000 -100,000 -2.9M -26.4M
Net Other Financing Charges -- -- -- -- -63,000
Proceeds From Stock Option Exercised 0.00 -1.1M -473,000 -310,000 -163,000
Purchase Of Intangibles 0.00 -225,000 0.00 0.00 -350,000
Taxes Refund Paid -9.1M -4.5M -6.2M -3.0M -6.7M
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