Pason Systems Inc. (T:PSI*CA)

Business Focus: Oil Related Services and Equipment (NEC)

Sector:  Energy Industry:  Oil Related Services and Equipment
 
Company Contact
Address: 6130 3 St SE
CALGARY AB T2H 1K4
Tel: N/A
Website: https://www.pason.com
IR: See website
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Key People
Jon Faber
President, Chief Executive Officer, Director
Ryan Van Beurden
Vice President - Rigsite Research and Development
Celine Boston
Chief Financial Officer
Bryce Mclean
Vice President - Operations
Heather Hantos
Vice President - Human Resources
Natalie Fenez
Vice President - Legal, Corporate Secretary
Kevin Boston
Vice President - Commercial
Craig Bye
Vice President - Cloud Platform & Applications
Lars Olesen
Vice President - Product & Technology
Russell Smith
Vice President - International
   
Business Overview
Pason Systems Inc. is a Canada-based provider of specialized data management systems for drilling rigs. The Company develops and delivers hardware, software, and services, primarily for the oil and gas drilling industry in 12 countries. The Company's solutions include data acquisition, wellsite reporting, remote communications, Web-based information management, and analytics, enabling collaboration between the rig and the office. Its products include AutoDriller, Communications, DAS, DataHub with Pason Live, DataLink, Electronic Choke Actuator (eChoke), Electronic Drilling Recorder (EDR), Gas Analyzer, Hazardous Gas Alarm System (HGAS), Pit Volume Totalizer (PVT) and Toolface Control. Through its subsidiary, Energy Toolbase Software Inc (ETB), the Company provides products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor the economics and performance of solar energy and storage projects.
Financial Overview
For the fiscal year ended 31 December 2023, Pason Systems Inc. revenues increased 10% to C$369.3M. Net income decreased 9% to C$97.5M. Revenues reflect Northern America segment increase of 6% to C$289.8M, International segment increase of 20% to C$63.8M. Net income was offset by Foreign exchange loss (gain) decrease from C$2M (income) to C$16.8M (expense), Put option revaluation decrease of 97% to C$149K (income).
Employees: 674 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $1,114M as of Dec 31, 2023
Annual revenue (TTM): $369.31M as of Dec 31, 2023
EBITDA (TTM): $161.50M as of Dec 31, 2023
Net annual income (TTM): $97.54M as of Dec 31, 2023
Free cash flow (TTM): $55.59M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 79,493,854 as of Apr 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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