Question · Q2 2026
P. Ross Taylor inquired about MIND Technology's acquisition strategy, specifically how the ATM program would be utilized for additive, lower-risk acquisitions, and the company's stance on dilution. He also asked for an update on a previously discussed innovative mapping deal, its potential revenue contribution, the cash balance, and the expected business opportunities and revenue impact from the Huntsville facility expansion, including tax and cash flow benefits.
Answer
Robert Capps, President & CEO, explained that the acquisition strategy focuses on additive, tuck-in opportunities that align with existing customer bases and technologies, aiming for lower risk. He confirmed the innovative mapping project is ongoing and progressing well, expecting it to add a few million dollars in revenue. Mark Cox, VP & CFO, stated the cash on hand was $7.8 million. Capps projected the Huntsville expansion could add 10% or more to annual revenues through third-party repairs, ancillary CMAP work, and manufacturing, also highlighting significant tax and cash flow advantages from generating U.S. income. He reiterated a cautious outlook for high single-digit growth for the year, acknowledging potential lumpiness.