Q: In July last year you found Pulse Seismic quite intereesting. What are your thoughts after ist latest earnings? Buyable? Thanks.
5i Research Answer:
PSD declared a special dividend of $0.10 and has been repurchasing shares over the year. Revenue was $6.6 mln and EPS came in at $0.08. Growth in revenues over the year looked strong but this can be chunky year to year. Overall things looks good we think but investors should just be cognizant of the smaller size and the chunkiness in revenues quarter to quarter and year to year.