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MIND Technology, Inc. - $MIND STOCK NEWS

Welcome to our dedicated page for MIND Technology news (Ticker: $MIND), a resource for investors and traders seeking the latest updates and insights on MIND Technology stock.

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News
MIND TECHNOLOGY, INC. REPORTS FISCAL 2024 FOURTH QUARTER AND YEAR-END RESULTS
Rhea-AI Summary

MIND Technology, Inc. reported strong financial results for the fourth quarter and fiscal year 2024, with significant revenue growth and operating income. The company achieved its first profitable fiscal year since 2014, showing a positive trend in profitability and backlog growth. The CEO highlighted the strategic efforts put in place for future growth, emphasizing the need to manage liquidity and working capital effectively.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.96%
Tags
earnings
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News
MIND Technology Postpones Special Meeting of Preferred Stockholders
Rhea-AI Summary
MIND Technology, Inc. postpones the special meeting of preferred stockholders. The Board of Directors has rescheduled the meeting to determine a new date and record date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
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none
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News
MIND TECHNOLOGY ANNOUNCES FISCAL 2024 FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE
Rhea-AI Summary
MIND Technology, Inc. (NASDAQ: MIND) will release its fiscal 2024 fourth-quarter and full-year earnings on April 29, 2024, followed by a conference call on April 30, 2024. The conference call will be live-streamed over the internet and accessible via phone. A replay will be available for those unable to listen live.
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End-of-Day
-- %
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earnings
News
MIND Technology Announces Deferral of Preferred Stock Dividend
Rhea-AI Summary
MIND Technology, Inc. (MIND) has decided not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock for the first quarter of fiscal year 2025. This marks the seventh deferred dividend, triggering the right for Series A Preferred Stock holders to appoint two directors to the Board. The deferral is in line with the Company's cumulative dividend policy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.68%
Tags
dividends
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News
MIND Technology Proposes Amendment to Terms of Preferred Stock
Rhea-AI Summary
MIND Technology, Inc. announces a proposed amendment to convert preferred stock into common stock, offering a 110% premium to preferred stockholders. The company aims to enhance its financial flexibility and growth opportunities through this strategic move.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
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News
MIND Technology Announces Order for Ultra-High Resolution Survey System
Rhea-AI Summary
MIND Technology, Inc. announces an order from ATLAS MARIDAN ApS for a specialized ultra-high resolution seismic streamer system. The system will be used in seismic site surveys for offshore windfarm installation, showcasing the capabilities of MIND's SeaLink technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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News
MIND Technology Announces Deferral of Preferred Stock Dividend
Rhea-AI Summary
MIND Technology, Inc. (MIND) has announced the decision not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock for the fourth quarter of its fiscal year ending January 31, 2024. This deferral marks the sixth quarterly dividend to be deferred, triggering the right for holders of Series A Preferred Stock to appoint two directors to the Board. The decision has implications for dividend accrual and future payments, as well as restrictions on common stock dividends and share redemption.
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End-of-Day
-- %
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News
MIND Technology Receives Source Controller Order
Rhea-AI Summary
MIND Technology, Inc. (Nasdaq: MIND) announced that its Seamap unit has received a $10.2 million order for GunLink source controllers, marking the largest single order in Seamap's history. This order is part of a framework supply agreement with a major international seismic contractor, bringing Seamap's committed book of business to almost $48 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.61%
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none
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News
MIND TECHNOLOGY, INC. REPORTS FISCAL 2024 THIRD QUARTER RESULTS
Rhea-AI Summary
MIND Technology, Inc. (NASDAQ: MIND) announced financial results for Q3 2024, reporting a net income of $568,000, including a gain of $2.4 million from the sale of its Klein Marine Systems segment. Revenues from continuing Marine Technology Products sales were $5.0 million, with an operating loss of $1.5 million. The net loss from continuing operations was $1.7 million, and adjusted EBITDA was a loss of $1.1 million. The backlog of Marine Technology Products was $37.4 million, a significant increase from the previous year. Despite challenges, MIND is optimistic about increased revenues in Q4 2024 and has entered into a framework supply agreement with a major international seismic contractor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.01%
Tags
earnings
News
MIND TECHNOLOGY ANNOUNCES FISCAL 2024 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE
Rhea-AI Summary
MIND Technology, Inc. (NASDAQ: MIND) will release financial results for its fiscal 2024 third quarter ended October 31, 2023 after the market closes on Wednesday, December 13, 2023. The Company has scheduled a conference call for Thursday, December 14th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time, which will be broadcast live over the Internet. A replay of the call will be available through December 21, 2023, and an archive of the webcast will be available shortly after the call at http://mind-technology.com/ for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
earnings
Stock MIND logo
MIND Technology, Inc.

Nasdaq:MIND

MIND Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

MIND Stock Data

8.21M
1.32M
4.78%
8.45%
0.16%
Consumer Electronics and Appliances Rental
Real Estate and Rental and Leasing
Link
United States of America
THE WOODLANDS

About MIND

mind technology, inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries in the united states, singapore, malaysia, the united kingdom, and internationally. the company operates in two segments, marine technology products, and equipment leasing. the marine technology products segment develops, manufactures, and sells proprietary products. its products include the gunlink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the buoylink rgps tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; digishot energy source controllers; sleeve gun energy sources; sealink product line of marine sensors and solid streamer systems; and harborguard, an integrated waterside surveillance and security system that combines radar, video, and other surveillance technology t