Mind Technology Inc Stock Price, News & Analysis

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.

MIND Technology (NASDAQ: MIND) reported strong financial results for Q3 FY2025. Revenue reached $12.1 million, up 143% from $5.0 million in Q3 FY2024. The company achieved operating income of $1.9 million, compared to a $1.5 million loss last year. Net income was $1.3 million, with earnings per share of $2.87. Adjusted EBITDA from continuing operations was $2.0 million versus a loss of $1.1 million in the prior year.

The company maintained a steady backlog of $26.2 million in Marine Technology Products. Cash balance increased to $3.5 million as of October 31, 2024, supported by positive cash flow from operations. Management highlighted a 21% sequential revenue growth and an active pipeline of pending orders exceeding twice their current backlog.

MIND Technology (NASDAQ: MIND) has scheduled its fiscal 2025 third quarter earnings release and conference call. The company will release financial results for the quarter ended October 31, 2024, after market close on Tuesday, December 10, 2024. A conference call will follow on Wednesday, December 11th at 9:00 a.m. Eastern Time. The call will be accessible via phone at (412) 902-0030 and through webcast at mind-technology.com. A replay will be available until December 18, 2024, via phone using pass code 13750138#, and the webcast archive will be accessible for 90 days.

MIND Technology has announced significant orders for its Seamap unit's GunLink source controller. The company received an order worth approximately $5.1 million, contributing to a total of $7.9 million in orders since July 31, 2024. Mark Welker, Vice President of MIND and Seamap Managing Director, highlighted the strong demand for their source controller products.

While a portion of these orders will be delivered in the current fiscal year, the majority is slated for delivery in the next fiscal year. The company is also pursuing additional significant opportunities expected to materialize in the near future. MIND Technology views its growing backlog and business pipeline as positive indicators for the remainder of this fiscal year and the next.