OverviewSuggest Edit

Pason Systems is a company providing data management solutions for land-based and offshore rigs. It develops a range of hardware, software, and services that deliver data acquisition, wellsite reporting, remote communications, web-based information management, and analytics capabilities enabling collaboration between rigs and offices.
TypePublic
Founded1978
HQCalgary, CA
Websitepason.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2020)579(-14%)
Job Openings12
Revenue (FY, 2020)C$156.6 M(-47%)
Share Price (Sept 2021)C$8.4
Cybersecurity ratingBMore

Key People/Management at Pason Systems

Jon Faber

Jon Faber

President and Chief Executive Officer
Celine Boston

Celine Boston

Chief Financial Officer
Laura Schwinn

Laura Schwinn

Director
Natalie Fenez

Natalie Fenez

VP, Legal & Corporate Secretary
Heather Hantos

Heather Hantos

Vice President, Human Resources
Fiona Mueller-Thode

Fiona Mueller-Thode

President, Verdazo Analytics Inc. (A Pason Company)
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Pason Systems Office Locations

Pason Systems has offices in Calgary, Houston, San Jose, Neuquén and in 7 other locations
Calgary, CA (HQ)
6130 3 St SE
Calgary, CA
407 2 St SW #1500
Neuquén, AR
Dr. Teodoro Luis Planas 4331
Marleston, AU
2/5-9 Marker Ave
Bogotá, CO
Tv. 93 ##53-32
Villahermosa, MX
Carretera, Villahermosa - Cardenas Km. 5.0
Show all (13)

Pason Systems Financials and Metrics

Pason Systems Revenue

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Pason Systems's revenue was reported to be C$156.64 m in FY, 2020 which is a 47% decrease from the previous period.
CAD

Revenue (Q1, 2021)

42.6m

Gross profit (Q1, 2021)

15.8m

Gross profit margin (Q1, 2021), %

37.2%

Net income (Q1, 2021)

4.0m

Market capitalization (7-Sept-2021)

697.9m

Closing stock price (7-Sept-2021)

8.4

Cash (31-Mar-2021)

151.4m

EV

552.1m
Pason Systems's current market capitalization is C$697.9 m.
Annual
CADFY, 2018FY, 2019FY, 2020

Revenue

306.4m295.6m156.6m

Revenue growth, %

(4%)(47%)

Cost of goods sold

152.4m160.8m112.2m

Gross profit

154.0m134.8m44.4m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

73.8m68.3m82.3m82.1m72.9m72.2m74.0m26.8m23.1m42.6m

Cost of goods sold

38.1m37.6m37.7m40.3m40.6m39.1m39.6m26.4m22.6m26.7m

Gross profit

35.7m30.7m44.6m41.8m32.3m33.1m34.4m427.0k442.0k15.8m

Gross profit Margin, %

48%45%54%51%44%46%47%2%2%37%
Annual
CADFY, 2018FY, 2019FY, 2020

Cash

203.8m161.0m149.3m

Accounts Receivable

77.0m57.6m24.3m

Prepaid Expenses

3.9m3.6m3.0m

Current Assets

309.3m242.0m196.8m
Annual
CADFY, 2018FY, 2019FY, 2020

Net Income

62.9m53.8m5.1m

Depreciation and Amortization

34.9m40.8m34.4m

Accounts Payable

4.4m(8.5m)(15.1m)

Cash From Operating Activities

107.2m108.5m58.6m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

12.4m17.8m42.2m19.0m28.3m43.7m16.5m11.8m7.8m4.0m

Depreciation and Amortization

9.2m18.4m27.3m10.2m20.2m30.1m10.4m19.0m26.5m7.8m

Accounts Payable

(1.4m)(978.0k)2.0m(7.0m)(6.2m)(3.9m)(7.5m)(11.1m)(8.1m)2.6m

Cash From Operating Activities

24.3m52.0m83.8m8.4m46.4m83.8m25.6m55.5m61.3m11.1m
CADQ1, 2018

Financial Leverage

1.2 x
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Pason Systems Operating Metrics

FY, 2020

Unique Rigs Serviced

1.45 k

Users (Datahub)

9 k
Show all operating metrics

Pason Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
ETBDecember 31, 2019c$26.66 m
Verdazo AnalyticsDecember 31, 2016c$12.28 m
3PSAugust 05, 2011$25 m
Petron IndustriesOctober 02, 2009

Pason Systems Revenue Breakdown

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Pason Systems revenue breakdown by business segment: 83.9% from North America, 14.0% from International and 2.1% from Other

Human Capital Metrics

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Pason Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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Pason Systems Online and Social Media Presence

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Pason Systems News and Updates

Pason Systems Inc. Reports Voting Results of Director Elections

Pason Systems Inc. (TSX: PSI) announced today the director election results from its 2021 annual general and special meeting of shareholders held on April 29, 2021

Pason Systems Inc. Announces Quarterly Dividend

Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors declared a quarterly dividend of five cents (C$0.05) per share on the company’s common shares. The dividend will be paid on June 29, 2021, to shareholders of record at the close of business on June 15, 2021

Pason Reports First Quarter 2021 Results

Pason Systems Inc. (TSX:PSI) announced today its 2021 first-quarter results

Pason Systems Frequently Asked Questions

  • When was Pason Systems founded?

    Pason Systems was founded in 1978.

  • Who are Pason Systems key executives?

    Pason Systems's key executives are Jon Faber, Celine Boston and Laura Schwinn.

  • How many employees does Pason Systems have?

    Pason Systems has 579 employees.

  • What is Pason Systems revenue?

    Latest Pason Systems annual revenue is C$156.6 m.

  • What is Pason Systems revenue per employee?

    Latest Pason Systems revenue per employee is C$270.5 k.

  • Who are Pason Systems competitors?

    Competitors of Pason Systems include ThoughtSpot, Domo and IDERA.

  • Where is Pason Systems headquarters?

    Pason Systems headquarters is located at 6130 3 St SE, Calgary.

  • Where are Pason Systems offices?

    Pason Systems has offices in Calgary, Houston, San Jose, Neuquén and in 7 other locations.

  • How many offices does Pason Systems have?

    Pason Systems has 13 offices.