SAExploration operates seismic acquisition programs across logistically challenging terrain, heavily cultured areas, transition zones and shallow water. The Company's spectrum of services is delivered globally by a team of the most skilled and experienced personnel. SAExploration is well-known for its ability to operate successfully in complex environments through close collaboration with the customers, through inclusion and support of host communities, and through best practices environmental stewardship.

The spectrum of The Company's fully integrated seismic acquisition services includes program planning and permitting, program design, logistics management, HSE management, camp services, survey, drilling, recording, in-field processing and QC. 

Employee Rating

3.4More
TypePublic
HQCalgary, CA
Founded2006
Size (employees)2,218 (est)
Websitesaexploration.com
SAExploration was founded in 2006 and is headquartered in Calgary, CA
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Key People/Management at SAExploration

Brian Beatty

Brian Beatty

CEO & President
Jeff Hastings

Jeff Hastings

Chairman
Brent Whiteley

Brent Whiteley

CFO & General Counsel
Mike Scott

Mike Scott

EVP Operations
Darin Silvernagle

Darin Silvernagle

EVP - Marine Operations
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SAExploration Office Locations

SAExploration has an office in Calgary
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SAExploration Financials and Metrics

SAExploration Revenue

USD

Net income (Q2, 2018)

(33.3m)

EBIT (Q2, 2018)

(30.9m)

Market capitalization (11-Oct-2018)

611.2k

Closing stock price (11-Oct-2018)

7.0

Cash (30-Jun-2018)

4.5m

EV

53.5m
SAExploration's current market capitalization is $611.2 k.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

General and administrative expense

32.1mwdxefcqufszuzezftuxetqsqxt39.5m35.2m29.3m25.7m

Operating expense total

32.1m39.5m35.2m29.3m25.7m

Depreciation and amortization

1.3m

EBIT

8.3m16.7m15.6m11.2m(3.5m)
Quarterly
USDQ2, 2013Q3, 2013Q2, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cost of goods sold

19.7m

General and administrative expense

6.1m7.7m10.0m8.7m8.8m6.7m7.2m6.9m6.5m6.4m6.0m6.4m25.8m

Operating expense total

6.1m7.7m10.0m8.7m8.8m6.7m7.2m6.9m6.5m6.4m6.0m6.4m32.1m

Depreciation and amortization

257.0k259.0k259.0k2.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

17.4m12.3m11.3m11.5m3.6m

Accounts Receivable

89.9k1.7m67.9m69.7m6.1m

Inventories

265.0k2.9m

Current Assets

68.1m108.8m85.7m92.3m18.3m
Quarterly
USDQ2, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

28.5m16.8m13.4m28.4m10.9m27.2m17.3m12.4m16.8m11.5m11.5m20.2m13.5m13.4m4.5m

Accounts Receivable

38.0m46.3m64.0m54.7m66.5m116.2m123.0m76.1m96.2m44.5m45.9m19.6m12.6m

Current Assets

76.7m78.5m108.5m128.6m87.7m91.0m90.7m135.1m144.2m93.6m130.2m83.1m71.2m39.2m22.1m

PP&E

64.0m61.6m61.2m73.8m69.5m66.0m58.2m54.5m50.2m41.2m38.0m35.6m30.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(21.0m)(38.4m)(5.4m)(22.0m)(38.8m)

Depreciation and Amortization

16.1m16.4m18.7m16.9m12.1m

Accounts Payable

3.9m(15.3m)(8.0m)(4.9m)

Cash From Operating Activities

3.0m(19.9m)3.1m(19.8m)(4.6m)
Quarterly
USDQ2, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

4.5m(24.1m)2.2m7.1m7.3m16.6m17.5m104.0k8.8m(9.0m)(22.9m)(1.5m)(34.8m)

Depreciation and Amortization

7.5m11.2m7.5m9.5m14.1m4.3m8.6m12.9m3.4m6.4m9.3m2.5m4.9m

Accounts Payable

(3.9m)18.8m19.6m32.5m27.6m(7.3m)(1.0m)18.3m10.0m(495.0k)15.5m(4.4m)(6.6m)6.7m1.8m

Cash From Operating Activities

1.7m(7.1m)828.0k24.2m15.2m(2.0m)(4.7m)(13.3m)5.4m17.1m5.1m(1.9m)(10.1m)
USDY, 2018

EV/EBIT

-1.7 x

EV/CFO

-5.3 x

Debt/Equity

5.6 x

Debt/Assets

0.5 x

Financial Leverage

11.9 x
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SAExploration Online and Social Media Presence

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SAExploration News and Updates

SAExploration Announces Third Quarter 2018 Unaudited Consolidated Financial Results

HOUSTON, Nov. 13, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced its financial results for the third quarter of 2018.

SAExploration Announces Letter of Award for $100 Million Marine Project in South Asia

HOUSTON, Oct. 03, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced receipt of a letter of award for a new marine project in South Asia for a major National Oil Company valued at approximately $100 million. The project is expected to commen…

SAExploration Closes Issuance of 6.00% Senior Secured Convertible Notes Due 2023 and Provides Update on Capital Structure and Liquidity

HOUSTON, Sept. 26, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCQB:SXPLW), or SAE, today announced that it has issued $60 million aggregate principal amount of 6.00% Senior Secured Convertible Notes due 2023 (the “Notes”) in a private offering. The Notes are convertible …

SAExploration Announces 20-To-1 Reverse Stock Split

HOUSTON, Sept. 14, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced the consummation of a 20-to-1 reverse split of its issued and outstanding common stock. SAE’s common stock will begin trading on a split-adjusted basis when the market ope…

SAExploration Announces Closing of Geokinetics Asset Acquisition and Conversion of 8.0% Cumulative Perpetual Series A Preferred Stock

HOUSTON, July 25, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCQB:SXPLW), or SAE, today announced that its indirect wholly owned subsidiary SAExploration Acquisitions (U.S.), LLC (“Acquisitions Sub”) has completed the previously announced acquisition of substantially all…
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SAExploration Blogs

SAExploration Announces Second Quarter 2018 Earnings Release and Conference Call Schedule

HOUSTON , Aug. 03, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced plans to release its unaudited consolidated financial results for the second quarter ended June 30, 2018 on Wednesday, August 8, 2018 after close of trading.

SAExploration Announces Proposed Private Offering of $50 Million Convertible Secured Notes

HOUSTON , July 26, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) , or SAE, today announced that it intends to offer, subject to market and other conditions, $50 million aggregate principal amount of 6.0% Convertible Secured Notes due 2023 in a private offering.

SAExploration Announces Entry of Sale Order and Agreement for Bridge Financing to Fund Geokinetics Asset Acquisition

HOUSTON , July 20, 2018 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) today announced that the United States Bankruptcy Court for the Southern District of Texas , Houston Division, entered an order approving the previously announced Asset Purchase Agreement, dated

SAExploration Company Life and Culture

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SAExploration Frequently Asked Questions

  • When was SAExploration founded?

    SAExploration was founded in 2006.

  • Who are SAExploration key executives?

    SAExploration's key executives are Brian Beatty, Jeff Hastings and Brent Whiteley.

  • How many employees does SAExploration have?

    SAExploration has 2,218 employees.

  • Who are SAExploration competitors?

    Competitors of SAExploration include Helmerich & Payne, Citadel Exploration and SRC Energy.

  • Where are SAExploration offices?

    SAExploration has an office in Calgary.

  • How many offices does SAExploration have?

    SAExploration has 1 office.