Last C$2.64 CAD
Change Today +0.04 / 1.54%
Volume 450.0
TXL On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:56 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

tesla exploration ltd (TXL) Snapshot

Open
C$2.65
Previous Close
C$2.60
Day High
C$2.65
Day Low
C$2.64
52 Week High
05/21/13 - C$3.00
52 Week Low
04/25/13 - C$2.10
Market Cap
60.1M
Average Volume 10 Days
1.3K
EPS TTM
C$0.05
Shares Outstanding
22.8M
EX-Date
--
P/E TM
52.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for TESLA EXPLORATION LTD (TXL)

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tesla exploration ltd (TXL) Details

Tesla Exploration Ltd., a geophysical services company, provides a range of geophysical and marine construction support services to the oil and gas exploration industry in North America, Europe, Africa, and internationally. The company operates in three segments: North American Land Seismic Acquisition, Tesla International, and Tesla Offshore. It offers three component (3C) technologies for full wave seismic recording services. The company’s 3C technology facilitates its clients to acquire shear wave seismic data in addition to the pressure wave data captured and processed for seismic imaging. It also provides geophysical services, such as survey design and management; seismic data acquisition; seismic data processing and reprocessing; seismic data interpretation; in-seam seismic data acquisition, processing, and interpretation; coal bed methane and gob gas assessments; borehole geophysics, processing, and interpretation; and site investigation geophysics, acquisition, processing, and interpretation. In addition, the company offers survey services, which comprise geophysical survey services; precision navigation and survey service support; and geological and archaeological resources data processing, interpretation, and analysis. Further, it is involved in the rental and sale of acquisition equipment. The company offers its services primarily to oil and gas exploration and production companies, and marine construction contractors, as well as to the mining industry and engineering firms for environmental applications and mining applications. Tesla Exploration Ltd. is headquartered in Calgary, Canada.

tesla exploration ltd (TXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$283.3K
Chief Financial Officer, Vice President and S...
Total Annual Compensation: C$206.0K
President of Tesla Offshore LPP
Total Annual Compensation: C$221.5K
Senior Vice President of Tesla Canada
Total Annual Compensation: C$206.0K
Vice President
Total Annual Compensation: C$175.1K
Compensation as of Fiscal Year 2013.

tesla exploration ltd (TXL) Key Developments

Tesla Exploration Ltd. Announces Board Changes

Tesla Exploration Ltd. announced the appointment of Mr. Chris Brown as Vice President, HSE of the Corporation. Mr. Brown replaces Mr. Ronald Seabrook following his departure from the Corporation. Mr. Brown joined the Corporation in February 2012 as the HSE Manager of Tesla Exploration Inc., a wholly owned subsidiary of the Corporation. Prior to joining Tesla Exploration Inc., Mr. Brown held the position of Senior HSE Manager with an international geophysical seismic corporation.

Tesla Exploration Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Tesla Exploration Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2013. The company reported that net loss for the fourth quarter ended December 31, 2013 was CAD 1.73 million, or CAD 0.07 loss per basic share, compared to a net loss of CAD 566,000, or CAD 0.02 loss per basic share, for the same quarter ended December 31, 2012. Revenue for the fourth quarter ended December 31, 2013 was CAD 49.21 million, compared to CAD 41.75 million for the same quarter ended December 31, 2012. Net income for the year ended December 31, 2013 was CAD 993,000, or CAD 0.05 per basic share, compared to CAD 5.53 million, or CAD 0.24 per basic share, for the year ended December 31, 2012. Revenue for the year ended December 31, 2013 was CAD 174.48 million, compared to CAD 191.69 million for the year ended December 31, 2012.

Tesla Exploration Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Tesla Exploration Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. The company's consolidated revenues including reimbursables increased 18% in the fourth quarter of 2013 compared the fourth quarter of 2012 due to improvement in activity levels for Tesla USA and significant growth in reimbursable revenues for Tesla Canada and to a lesser extent Tesla USA. The company's revenue excluding reimbursables decreased 13%. Revenue was $49,210,000 against $41,750,000 for the same period in the last year. Revenue excluding reimbursables was $31,789,000 against $36,479,000 for the same period in the last year. Net loss was $1,733,000 against $566,000 for the same period in the last year. Net loss attributable to shareholders per basic share was $0.07 against $0.02 for the same period in the last year. Adjusted EBITDA was $4,333,000 or $0.19 per basic share against $6,125,000 or $0.27 per basic share for the same period in the last year. The company's EBITDA decreased in the fourth quarter of 2013 compared to the fourth quarter of 2012 due to the decline in absolute gross margin partially offset by a reduction in general and administrative costs, excluding bad debt provisions, mainly due to the timing of year-end bonus adjustments. The company's consolidated net loss increased in the fourth quarter of 2013 compared to the consolidated net loss in the fourth quarter of 2012. The decline in adjusted EBITDA and an increase in bad debt expense were partially offset by reduced income tax expense. Cash flow from operations was $3,358,000 or $0.15 per basic share against $5,672,000 or $0.25 per basic share for the same period in the last year. Capital expenditures were $1,318,000 against $5,190,000 for the same period in the last year. For the year, revenue was $174,484,000 against $191,686,000 for the same period in the last year. Revenue excluding reimbursables was $135,376,000 against $163,218,000 for the same period in the last year. Net income was $993,000 against $5,535,000 for the same period in the last year. Net earnings attributable to shareholders per basic share were $0.05 against $0.24 for the same period in the last year. Adjusted EBITDA was $27,135,000 or $1.21 per basic share against $31,745,000 or $1.40 per basic share for the same period in the last year. The company's adjusted EBITDA in 2013 declined compared to 2012 due to the slight reduction in absolute gross margin along with an increase in general and administrative costs. The company's consolidated net income also declined year-over-year due to the decrease in adjusted EBITDA, increased depreciation related to the two Hawk systems acquired in June 2012 and June 2013 and an additional provision for bad debts partially offset by reduced tax expense. Cash flow from operations was $26,656,000 or $1.19 per basic share against $30,802,000 or $1.36 per basic share for the same period in the last year. Capital expenditures were $21,729,000 against $28,857,000 for the same period in the last year.

 

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Industry Analysis

TXL

Industry Average

Valuation TXL Industry Range
Price/Earnings 55.2x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 55.9x
TEV/Sales NM Not Meaningful
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