Pason Systems Inc. (T:PSI)
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 |
| 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: | $1,096M 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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