Aankondiging • Aug 09
Pulse Seismic Inc. Announces CEO Changes, Effective August 6, 2026 Pulse Seismic Inc. announced a CEO transition effective August 6, 2026. Pamela Wicks, CPA, ICD.D, currently Vice President, Finance and Chief Financial Officer, has appointed Chief Executive Officer of the Company. Ms. Wicks has 28 years of experience in the seismic data library business and has been with Pulse since 2002, when she joined the Company through a significant corporate acquisition. She was appointed Vice President Finance in 2007 and has served as the Company’s Chief Financial Officer since 2010. During her tenure, Ms. Wicks has provided financial and strategic leadership, with a focus on balance sheet preservation, disciplined capital allocation and data library growth. In her new role as President and Chief Executive Officer, Ms. Wicks will be responsible for overall corporate strategy, business development and stakeholder engagement. In conjunction with the transition, Neal Coleman stepped down from his role as Chief Executive Officer of the Company. Aankondiging • Aug 08
Pulse Seismic Inc. Announces President Changes Pulse Seismic Inc. announced that Pamela Wicks, CPA, ICD.D, currently Vice President, Finance and Chief Financial Officer, was appointed President of the Company effective August 6, 2026. Ms. Wicks has 28 years of experience in the seismic data library business and has been with Pulse since 2002, when she joined the Company through a significant corporate acquisition. She was appointed Vice President Finance in 2007 and has served as the Company’s Chief Financial Officer since 2010. During her tenure, Ms. Wicks has provided financial and strategic leadership, with a focus on balance sheet preservation, disciplined capital allocation and data library growth. In her new role as President and Chief Executive Officer, Ms. Wicks will be responsible for overall corporate strategy, business development and stakeholder engagement. In conjunction with the transition, Neal Coleman has stepped down from his role as President of the Company. Declared Dividend • Aug 04
Second quarter dividend of CA$0.019 announced Shareholders will receive a dividend of CA$0.019. Ex-date: 11th August 2026 Payment date: 25th August 2026 Dividend yield will be 6.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 974% to bring the payout ratio under control. However, EPS has declined by 46% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jul 29
Second quarter 2026 earnings released: EPS: CA$0.03 (vs CA$0.19 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.03 (down from CA$0.19 in 2Q 2025). Revenue: CA$3.61m (down 80% from 2Q 2025). Net income: CA$1.56m (down 84% from 2Q 2025). Profit margin: 43% (down from 52% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Jul 29
Pulse Seismic Inc. Declares Regular Quarterly Dividend on Common Share for the Second Quarter of 2026, Payable on August 25, 2026 Pulse Seismic Inc. announced its board of directors declared a regular quarterly dividend of $0.01875 per common share for the second quarter of 2026. The total of the dividend will be approximately $951,000 based on Pulse’s 50,714,857 common shares outstanding as of July 28, 2026, to be paid on August 25, 2026, to shareholders of record on August 11, 2026. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse’s dividends are subject to Canadian withholding tax. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Pat Ward was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 23
Pulse Seismic Inc., Annual General Meeting, Apr 29, 2026 Pulse Seismic Inc., Annual General Meeting, Apr 29, 2026. Aankondiging • Oct 28
Pulse Seismic Inc. Declares Quarterly Cash Dividend, Payable on November 20, 2025 The Board of Directors of Pulse Seismic Inc. declared a regular quarterly dividend of $0.0175 per common share. The total dividend declared will be approximately $888,000 based on Pulse’s 50,755,057 common shares outstanding as of October 27, 2025, to be paid on November 20, 2025, to shareholders of record on November 13, 2025. Aankondiging • Jun 13
Pulse Seismic Inc. to Report Q2, 2025 Results on Jul 22, 2025 Pulse Seismic Inc. announced that they will report Q2, 2025 results After-Market on Jul 22, 2025 Aankondiging • Apr 23
Pulse Seismic Inc. Increases Regular Quarterly Dividend, Payable on May 20, 2025 Pulse Seismic Inc. Board of Directors approved a 17% increase to the regular quarterly dividend, declaring a dividend of $0.0175 per share. This results in an increase to the annual regular dividend from $0.06 per share to $0.07 per share. The total dividend declared will be approximately $889,000 based on Pulse’s 50,794,563 common shares outstanding as of April 22, 2025, to be paid on May 20, 2025, to shareholders of record on May 12, 2025. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse’s dividends are subject to Canadian withholding tax. Aankondiging • Feb 17
Pulse Seismic Inc., Annual General Meeting, Apr 23, 2025 Pulse Seismic Inc., Annual General Meeting, Apr 23, 2025. Location: alberta, calgary Canada Aankondiging • Jan 30
Pulse Seismic Inc. Provides Revenue Guidance for the Year 2024 and 2025 Pulse Seismic Inc. announced Since October 1, 2024, the Company has licensed $21.7 million of data. Of this amount, $5.6 million was licensed in the fourth quarter of 2024, bringing expected total revenue for 2024 to $23.4 million.
For 2025, including the deal announced, total licensing revenue is $16.1 million. Declared Dividend • Oct 28
Dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 14th November 2024 Payment date: 28th November 2024 Dividend yield will be 14%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Third quarter 2024 earnings released: CA$0.03 loss per share (vs CA$0.007 profit in 3Q 2023) Third quarter 2024 results: CA$0.03 loss per share (down from CA$0.007 profit in 3Q 2023). Revenue: CA$2.73m (down 47% from 3Q 2023). Net loss: CA$1.41m (down 458% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Oct 23
Pulse Seismic Inc. Approves Regular Quarterly Dividend, Payable on November 28, 2024 The Board of Directors of Pulse Seismic Inc. approved a regular quarterly dividend of $0.015 per common share. The total dividend will be approximately $764,000 based on Pulse's 50,904,663 common shares outstanding as of October 22, 2024, and will be paid on November 28, 2024, to shareholders of record on November 14, 2024. Declared Dividend • Jul 28
Dividend of CA$0.065 announced Shareholders will receive a dividend of CA$0.065. Ex-date: 14th August 2024 Payment date: 21st August 2024 Dividend yield will be 14%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 134% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: CA$0.03 (vs CA$0.063 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.03 (down from CA$0.063 in 2Q 2023). Revenue: CA$6.30m (down 28% from 2Q 2023). Net income: CA$1.34m (down 61% from 2Q 2023). Profit margin: 21% (down from 39% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Jun 08
Ravenswood Investments III, L.P., managed by Ravenswood Management Company LLC completed the acquisition of an additional 4.53636% stake in Pulse Seismic Inc. (TSX:PSD) from EdgePoint Investment Group Inc. for CAD 5.6 million. Ravenswood Investments III, L.P., managed by Ravenswood Management Company LLC acquired an additional 4.53636% stake in Pulse Seismic Inc. (TSX:PSD) from EdgePoint Investment Group Inc. for CAD 5.6 million on June 6, 2024. Ravenswood acquired 2,358,660 common shares at a price of CAD 2.38 per common share. The Purchased Shares represent approximately 4.5% of the outstanding common shares in the capital of the Company (the "Common Shares") as of the date of the Transaction. Immediately prior to the Transaction, the Ravenswood Funds owned 8,745,423 Common Shares, representing approximately 16.8% of the Common Shares outstanding as of the date of Transaction. Following the Transaction, the Ravenswood Funds beneficial owns or exercise control or direction over 11,104,083 Common Shares, representing approximately 21.3% of the Common Shares outstanding as of the date of Transaction.
Ravenswood Investments III, L.P., managed by Ravenswood Management Company LLC completed the acquisition of an additional 4.53636% stake in Pulse Seismic Inc. (TSX:PSD) from EdgePoint Investment Group Inc. on June 6, 2024. Declared Dividend • Apr 29
Dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 13th May 2024 Payment date: 23rd May 2024 Dividend yield will be 19%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.054 in 1Q 2023) First quarter 2024 results: EPS: CA$0.05 (down from CA$0.054 in 1Q 2023). Revenue: CA$8.78m (up 4.4% from 1Q 2023). Net income: CA$2.68m (down 7.8% from 1Q 2023). Profit margin: 31% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Apr 25
Pulse Seismic Inc. Increases Regular Quarterly Dividend, Payable on May 23, 2024 Pulse’s Board of Directors approved a 9% increase to the regular dividend and declared a regular quarterly dividend of $0.015 per share. This increase results in an annualized regular dividend of $0.06 per share. The total of the dividend will be approximately $780,000 based on Pulse’s 51,994,563 common shares outstanding as of April 24, 2024, and will be paid on May 23, 2024, to shareholders of record on May 14, 2024. Upcoming Dividend • Feb 22
Upcoming dividend of CA$0.014 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%). Declared Dividend • Feb 21
Dividend of CA$0.014 announced Shareholders will receive a dividend of CA$0.014. Ex-date: 29th February 2024 Payment date: 11th March 2024 Dividend yield will be 20%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 17
Pulse Seismic Inc., Annual General Meeting, Apr 25, 2024 Pulse Seismic Inc., Annual General Meeting, Apr 25, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: CA$0.28 (vs CA$0.15 loss in FY 2022) Full year 2023 results: EPS: CA$0.28 (up from CA$0.15 loss in FY 2022). Revenue: CA$39.1m (up 309% from FY 2022). Net income: CA$15.0m (up CA$22.9m from FY 2022). Profit margin: 38% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 16
Pulse Seismic Inc. Declares Dividend, Payable on March 11, 2024 Pulse’s Board of Directors approved a quarterly dividend of $0.01375 per share. The total of the regular dividend will be approximately $715,000 based on Pulse’s 52,003,063 common shares outstanding as of February 15, 2024, to be paid on March 11, 2024, to shareholders of record on March 1, 2024. Aankondiging • Dec 07
Pulse Seismic Inc. Declares Special Dividend, Payable on January 8, 2024 Pulse Seismic Inc. has declared a special dividend of $0.20 per common share. The special dividend, totaling approximately $10.5 million based on Pulse’s 52,637,463 common shares outstanding as of December 6, 2023, will be paid on January 8, 2024, to shareholders of record on December 21, 2023. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse’s dividends are subject to Canadian withholding tax. Upcoming Dividend • Nov 06
Upcoming dividend of CA$0.014 per share at 3.1% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 21 November 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%). Aankondiging • Oct 25
Pulse Seismic Inc. Approves Regular Quarterly Dividend, Payable on November 21, 2023 Pulse Seismic Inc. approved a regular quarterly dividend of $0.01375 per share ($0.055 per share annualized) totaling approximately $724,000 based on Pulse’s 52,659,363 common shares outstanding as of October 24, 2023, which will be paid on November 21, 2023 to shareholders of record on November 14, 2023. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse’s dividends are subject to Canadian withholding tax. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.031 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.01 (up from CA$0.031 loss in 3Q 2022). Revenue: CA$5.10m (up 134% from 3Q 2022). Net income: CA$393.0k (up CA$2.07m from 3Q 2022). Profit margin: 7.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of CA$0.16 per share at 2.8% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 22 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.033 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.06 (up from CA$0.033 loss in 2Q 2022). Revenue: CA$8.76m (up 183% from 2Q 2022). Net income: CA$3.40m (up CA$5.17m from 2Q 2022). Profit margin: 39% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 30% per year. Aankondiging • Jul 06
Pulse Seismic Inc. to Report Q2, 2023 Results on Jul 25, 2023 Pulse Seismic Inc. announced that they will report Q2, 2023 results on Jul 25, 2023 New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (€62.9m market cap, or US$68.5m). Upcoming Dividend • May 08
Upcoming dividend of CA$0.014 per share at 3.0% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 24 May 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Aankondiging • May 06
Pulse Seismic Inc. Appoints Patrick Ward as Director Pulse Seismic Inc. appointed Patrick Ward as director at its annual meeting held on May 3, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: CA$0.05 (vs CA$0.047 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.05 (up from CA$0.047 loss in 1Q 2022). Revenue: CA$8.41m (up 353% from 1Q 2022). Net income: CA$2.91m (up CA$5.43m from 1Q 2022). Profit margin: 35% (up from net loss in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 35% per year. Upcoming Dividend • Mar 03
Upcoming dividend of CA$0.013 per share at 2.9% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 20 March 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 18
Full year 2022 earnings released: CA$0.15 loss per share (vs CA$0.40 profit in FY 2021) Full year 2022 results: CA$0.15 loss per share (down from CA$0.40 profit in FY 2021). Revenue: CA$9.57m (down 81% from FY 2021). Net loss: CA$7.91m (down 137% from profit in FY 2021). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 17
Pulse Seismic Inc. Declares Quarterly Dividend, Payable on March 20, 2023 Pulse Seismic Inc.’s Board of Directors approved a quarterly dividend of $0.0125 per share. The total of the regular dividend will be approximately $670,000 based on Pulse’s 53,618,469 common shares outstanding as of February 16, 2023, to be paid on March 20, 2023 to shareholders of record on March 13, 2023. Upcoming Dividend • Nov 03
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 22 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%). Reported Earnings • Oct 27
Third quarter 2022 earnings released: CA$0.031 loss per share (vs CA$0.059 profit in 3Q 2021) Third quarter 2022 results: CA$0.031 loss per share (down from CA$0.059 profit in 3Q 2021). Revenue: CA$2.18m (down 76% from 3Q 2021). Net loss: CA$1.68m (down 153% from profit in 3Q 2021). Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 05
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.2%). Reported Earnings • Jul 22
Second quarter 2022 earnings released: CA$0.033 loss per share (vs CA$0.19 profit in 2Q 2021) Second quarter 2022 results: CA$0.033 loss per share (down from CA$0.19 profit in 2Q 2021). Revenue: CA$3.10m (down 84% from 2Q 2021). Net loss: CA$1.77m (down 117% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 22% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (3.7%). Reported Earnings • Apr 22
First quarter 2022 earnings released: CA$0.047 loss per share (vs CA$0.001 profit in 1Q 2021) First quarter 2022 results: CA$0.047 loss per share (down from CA$0.001 profit in 1Q 2021). Revenue: CA$1.86m (down 62% from 1Q 2021). Net loss: CA$2.52m (down CA$2.55m from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 50% compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 18% share price gain to €2.08, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 15x in the Energy Services industry in Europe. Total returns to shareholders of 27% over the past three years. Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.40 (up from CA$0.13 loss in FY 2020). Revenue: CA$49.2m (up 333% from FY 2020). Net income: CA$21.5m (up CA$28.3m from FY 2020). Profit margin: 44% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 59% compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 20% share price gain to €1.53, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 2.0% over the past three years. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS CA$0.06 (vs CA$0.036 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$8.93m (up 369% from 3Q 2020). Net income: CA$3.16m (up CA$5.10m from 3Q 2020). Profit margin: 35% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS CA$0.19 (vs CA$0.043 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$19.1m (up CA$17.1m from 2Q 2020). Net income: CA$10.2m (up CA$12.5m from 2Q 2020). Profit margin: 53% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 27
Independent Director has left the company On the 22nd of April, Karen El-Tawil's tenure as Independent Director ended after 6.9 years in the role. We don't have any record of a personal shareholding under Karen's name. Karen is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$4.83m (up 112% from 1Q 2020). Net income: CA$33.0k (up CA$2.86m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 13
New 90-day high: €0.89 The company is up 32% from its price of €0.67 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 24% over the same period. Reported Earnings • Feb 20
Full year 2020 earnings released: CA$0.13 loss per share (vs CA$0.063 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$11.3m (down 53% from FY 2019). Net loss: CA$6.79m (loss widened 99% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 50% compared to a 5.4% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €0.81 The company is up 64% from its price of €0.49 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: €0.74 The company is up 39% from its price of €0.54 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 46% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: €0.67 The company is up 26% from its price of €0.53 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 31% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €0.59 The company is up 15% from its price of €0.52 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 11% over the same period. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 37%. Over the next year, revenue is forecast to grow 80% compared to a 9.6% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: CA$0.04 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: CA$1.91m (down 26% from 3Q 2019). Net loss: CA$1.94m (loss narrowed 32% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 116% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.