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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pulse Seismic
Pulse Seismic (PSD) investor relations material
Pulse Seismic Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
Q3 2026 revenue was $17.308M, net earnings $11.354M, EBITDA $14.747M and shareholder free cash flow (SFCF) $11.485M; Q3 2025 recorded a net loss and $0.571M SFCF.
Strong Q3 licensing activity, disciplined costs and a debt-free balance sheet supported results; industry indicators pointed to potential seismic-data demand.
The data-library licensing model has low incremental costs, while annual sales fluctuate with customer activity and corporate transactions.
Financial highlights
Q3 revenue was $17.308M versus $3.416M in Q3 2025; 9M revenue was $22.765M versus $44.491M.
Q3 net earnings were $11.354M, or $0.22/share, versus a $1.500M loss, or $0.03/share; 9M earnings were $11.549M versus $21.440M.
Q3 EBITDA was $14.747M, or $0.29/share, versus $0.744M; 9M EBITDA was $15.290M versus $36.030M.
Q3 SFCF was $11.485M, or $0.23/share, versus $0.571M; 9M SFCF was $12.545M versus $27.723M.
Operating cash flow was $1.286M in Q3 versus $1.271M; 9M cash used was $3.050M versus $30.429M provided in 9M 2025.
Outlook and guidance
Improving policy certainty, infrastructure expansion, stronger upstream activity and global capital interest support a more favorable Western Canada exploration and development environment.
E&P activity and production expansion can support seismic-data demand for drilling, development planning and reserves estimation; potential sales drivers include LNG projects and M&A-related relicensing.
Revenue visibility remains inherently poor; no specific financial goals or guidance are issued. Increased sales are expected to carry minimal incremental costs under the low-cost model.
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Latest events from Pulse Seismic
- Lower licensing sales drove steep revenue declines, while liquidity supported operations and dividends.PSD
Q2 2026 - Q1 2026 revenue dropped to $1.9M, with negative EBITDA and higher dividends amid industry volatility.PSDQ1 2026
- Q2 2025 revenue surged 191%, driving record earnings, major dividends, and strong cash flow.PSDQ2 2025
- Lower Q2 revenue and earnings, but strong cash returns and no debt amid industry uncertainty.PSDQ2 2024
- Q1 2025 delivered record revenue, higher dividends, and robust cash flow amid industry volatility.PSDQ1 2025
- Record 2025 revenue and earnings enabled major capital returns and a debt-free balance sheet.PSDQ4 2025
- Strong nine-month revenue and capital returns offset Q3 loss, with robust liquidity and no debt.PSDQ3 2025
- Revenue and earnings fell, but liquidity, no debt, and shareholder returns remained strong.PSDQ3 2024
- Lower 2024 earnings offset by strong shareholder returns and a solid start to 2025.PSDQ4 2024
Next Pulse Seismic earnings date
Q4 202619 Feb, 2027
Pulse Seismic
Next Pulse Seismic earnings date
Q4 202619 Feb, 2027
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Frequently asked questions
Pulse Seismic Inc. specializes in the acquisition, marketing, and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data, serving the western Canadian energy sector. The company boasts Canada's largest licensable seismic data library, which is vital for oil and natural gas exploration and development. This library covers the Western Canada Sedimentary Basin across Alberta, Northeast British Columbia, Saskatchewan, Manitoba, parts of Montana, the Northwest Territories, and the Yukon. The company is headquartered in Calgary, Alberta, and its shares are listed on the Toronto Stock Exchange.