Here are the 10-Q quarterly reports from MIND Technology Inc. Series A 9.00% Series A Cumulative Preferred Stock (DE) (MINDP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MINDP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MINDP filings page.
MIND Technology, Inc. reported interim results showing working capital of approximately $25.1 million, including cash and cash equivalents of about $7.8 million, compared with working capital of about $23.5 million and cash of $5.3 million as of January 31, 2025. Management says it has no credit facility and expects to meet liquidity needs through cash on hand, operational cash flow, disciplined working-capital management, potential financing secured by company-owned real property, and issuance of equity.
The company executed a conversion of its 9.00% Series A preferred stock into approximately 6.6 million common shares, eliminating preferred dividend obligations and recording an approximately $14.8 million reduction credited to accumulated deficit. The Board authorized a share repurchase program of up to $4.0 million through August 31, 2027, and established an ATM for up to 25.0 million shares (no sales to date). Income tax expense and depreciation/amortization figures for interim periods are disclosed.