Pason Systems Q1 2023 Earnings Report

Pason Systems EPS Results

• Actual EPS: C$0.43
• Consensus EPS: C$0.37
• Beat/Miss: Beat by +C$0.06
• One Year Ago EPS: N/A

Pason Systems Revenue Results

• Actual Revenue: $98.23 million
• Expected Revenue: $96.25 million
• Beat/Miss: Beat by +$1.98 million
• YoY Revenue Growth: N/A

Pason Systems Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: N/A

Pason Systems (TSE:PSI), together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services. It offers AutoDriller to maximize the rate of penetration and bit life; internet solutions, such as auto-aiming satellite dishes, data modems, and bandwidth management software; DAS, a rotary drilling automation and optimization software; Electronic Choke Actuator that controls the choke valve; Gas Analyzer that provides real-time compositional gas analysis; Hazardous Gas Alarm System that detects the presence of hazardous gases; Pit Volume Totalizer, which monitors mud volumes and flow rates during drilling, tripping, and casing operations; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, and drilling optimization support, as well as proactive monitoring and office support for data integration. It serves drilling contractors and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.