Mind Technology Inc Stock Price, News & Analysis

MIND Technology (NASDAQ: MIND) has announced the completion of its manufacturing and repair facility expansion in Huntsville, Texas. The expansion aims to accommodate anticipated higher activity levels at the facility.

According to CEO Rob Capps, the expanded floor space and enhancements will enable MIND Maritime Acoustics, LLC to efficiently handle larger manufacturing and product repair projects. The increased capacity will support existing Seamap products, newly developed products, and third-party services.

MIND Technology (NASDAQ: MIND) has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Summer Investment Conference 2025, scheduled for June 24-25. CEO Rob Capps will deliver a presentation on June 24th at 11:00am EDT, followed by one-on-one investor meetings on June 25th. The presentation will be accessible via webcast, with the replay available on MIND's Investor Relations website. Interested parties can register for the conference and schedule meetings through the iAccess Alpha conference website.

MIND Technology's Seamap unit has formed a strategic collaboration with GWL Overseas Ltd. to advance the development, promotion, and production of GWL's Floatseis data acquisition system. The partnership combines Seamap's high-quality production and support capabilities with GWL's development expertise to commercialize this autonomous marine data acquisition system. Mark Welker, MIND's Vice President and Seamap Managing Director, expressed enthusiasm about the novel system, while GWL's CEO Nikolay Amelin highlighted the positive market reception of the Floatseis concept and the potential for rapid market deployment.

MIND Technology reported its fiscal 2026 Q1 results with revenues of $7.9 million, down from $15.0 million in Q4 FY2025 and $9.7 million in Q1 FY2025. The company posted a net loss of $970,000 ($0.12 per share) compared to net income of $2.0 million in Q4 FY2025. The decline was partly due to $5.5 million in completed orders that weren't shipped due to third-party component delays and customer delivery issues. Despite lower revenues, cash flow from operations improved to $4.1 million, with a quarter-end cash balance of $9.2 million. The backlog for Marine Technology Products increased to $21.1 million from $16.2 million in the previous quarter. CEO Rob Capps remains optimistic about future opportunities, citing improved balance sheet strength and financial flexibility, despite acknowledging challenges as a small company.

MIND Technology's Seamap unit has secured a significant order from Sanco Holdings A/S for a GunLink source controller and related equipment, valued at over $4.0 million. The order is scheduled for delivery within the current fiscal year. According to Mark Welker, MIND's Vice President and Seamap Managing Director, the company is experiencing strong demand for their source controller technology, with additional opportunities anticipated for the remainder of the fiscal year and beyond.

MIND Technology (NASDAQ: MIND) has scheduled its fiscal 2026 first quarter earnings release and conference call. The company will announce financial results for the quarter ended April 30, 2025, after market close on Tuesday, June 10, 2025. A conference call will follow on Wednesday, June 11, 2025, at 9:00 a.m. Eastern Time.

Investors can participate via phone by dialing (412) 902-0030 or through a live webcast at mind-technology.com. A replay will be available until June 18, 2025, by dialing (201) 612-7415 with pass code 13753958#. The webcast archive will be accessible for 90 days on the company's website.

MIND Technology (NASDAQ: MIND) reported strong financial results for Q4 and fiscal year 2025. Q4 revenues reached $15.0 million, up from $12.1 million in Q3 FY25 and $13.4 million in Q4 FY24. The company posted Q4 operating income of $2.8 million and net income of $2.0 million ($0.25 per share).

Full-year operating income for FY25 was $6.8 million, significantly higher than $518,000 in FY24. The Marine Technology Products backlog stood at $16.2 million as of January 31, 2025, with additional orders of $15.9 million received after the period end. The company ended Q4 with $5.3 million cash on hand.

MIND announced plans to explore strategic options for growth, including potential acquisitions, business combinations, or company sale, engaging Lucid Capital Markets as advisor. The company also plans to file a shelf registration statement for potential future capital raising.

MIND Technology (NASDAQ: MIND) has scheduled its fiscal 2025 fourth quarter and year-end earnings release for Tuesday, April 22, 2025, after market close. The company will host a conference call on Wednesday, April 23, 2025, at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

Investors can participate via phone by dialing (412) 902-0030 or through a live webcast at mind-technology.com. A replay will be available until April 30, 2025, by dialing (201) 612-7415 with pass code 13751817#. The webcast archive will be accessible on the company's website for 90 days.

MIND Technology (NASDAQ:MIND) has announced its participation in the upcoming Investor Summit Virtual event. The company's President & CEO Rob Capps will deliver a presentation on March 11, 2025. The virtual event provides an opportunity for investors to gain insights into MIND's business strategy and developments.