Pulse Seismic Inc. Announces Unaudited Preliminary Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
For the year, the company's total seismic revenue (including participation survey revenue) was $86.4 million compared to $51.5 million in 2011. Cash EBITDA was $54.7 million, a 98% increase over $27.7 million in 2011 (and a 112% increase on a per-share basis to $0.87 per share basic and diluted). Shareholder free cash flow was $50.0 million, a 109% increase over $23.9 million in 2011 (and a 122% increase on a per-share basis to $0.80 per share basic and diluted); and Net earnings of $27.4 million or $0.44 per share basic and diluted compared to $5.2 million or $0.08 per share basic and diluted in 2011.