Overview
Pason Systems is a leading energy services and technology company. It develops and delivers high-value hardware, software, and services, primarily for the oil and gas drilling industry. Pason's solutions, which include data acquisition, wellsite reporting, automation, remote communications, web-based information management, and data analytics enable collaboration between the drilling rig and the office. Through Energy Toolbase (ETB), the company also
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Read More 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. The company generates most of its revenue in North America. Pason was founded in 1978 by Wayne Parks and Ron Mason.
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Read More 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. The company generates most of its revenue in North America. Pason was founded in 1978 by Wayne Parks and Ron Mason.
Read Less
Jon Faber
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Oil field services, nec
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Actual
$295.21 million
Actual
12.14%
24.57%
$614
DEC
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Toronto:PSI
Contacts
Get in Touch with 16 Principals* and 38 Contacts
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Jon FaberPresident and Chairman of the Board and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$295.21 million
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $88 | $96 | $74 |
| Net Investing Cash | -$111 | -$9 | -$66 |
| Net Financing Cash | -$45 | -$47 | -$30 |
| Net Change in Cash | -$68 | $40 | -$21 |
| Cash at Beginning of Period | $122 | $94 | $113 |
| Cash at End of Period | $55 | $122 | $94 |
| Capital Expenditure | -$51 | -$29 | -$25 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $55 | $122 | $94 |
| Accounts Receivable | $63 | $45 | $55 |
| Inventories | $15 | $13 | $11 |
| Other Current Assets | $13 | $11 | $42 |
| Asset Summary | |||
| Total Current Assets | $146 | $191 | $203 |
| Tangible Fixed Assets | $139 | $86 | $70 |
| Intangible Assets | $37 | $4 | $4 |
| Total Assets | $615 | $488 | $470 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $14 | $10 | $15 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $46 | $29 | $36 |
| Liability Summary | |||
| Total Current Liabilities | $60 | $39 | $51 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $85 | $62 | $63 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $120 | $116 | $117 |
| Retained Earnings | $176 | $123 | $98 |
| Equity Summary | |||
| Total Equity | $360 | $291 | $275 |
| Shares Outstanding | 79,426,065 | 79,685,025 | 81,526,954 |