Ross Taylor

Tyson Bauer

Sam Schwartz

- MIND Technology reported strong financial results for the second quarter of fiscal year 2026 (ended July 31, 2025), with **revenues of $13,561K** and **net income attributable to common stockholders of $1,929K**, significantly improving from $10,036K in revenues and a net loss of -$149K in the prior year period.  **[926423_2145809:8]** 
- The company has undergone a strategic transformation, becoming **debt-free**, recapitalizing its structure, and selling its Klein Sonar Unit in **August 2023**.  **[926423_2145809:3]** 
- MIND has a **firm backlog of $12.8 million as of July 31, 2025**, with an additional **$10 million** in orders expected soon, and projects substantial growth with **FY26E revenue of $46,863K** and **Adjusted EBITDA of $2,918K**.  **[926423_2145809:3]** **[926423_2145809:4]** 
- The company is capitalizing on favorable macro trends in marine energy exploration and subsea facilities, expanding into alternative energy projects, and expects recurring after-market services to contribute approximately **68% of revenue in the first half of fiscal year 2026**.  **[926423_2145809:2]** **[926423_2145809:5]**

MIND Technology Reports Q2 FY26 Results and Strategic Progress

- MIND Technology reported being **profitable** with a **pristine capital structure** including **no debt**, and has established a **buyback program**.  **[926423_2145733_1]** **[926423_2145733_2]** **[926423_2145733_5]** 
- The company achieved **significant growth in revenue, gross profit, operating income, and adjusted EBITDA from fiscal 2023 to fiscal 2025**, with **fiscal 2026 estimated to be comparable to fiscal 2025** with nominal growth.  **[926423_2145733_2]** 
- The **aftermarket business** (spare parts, repairs, and support) was a major revenue driver, accounting for **68% of revenue in the first six months of the current fiscal year**.  **[926423_2145733_3]** 
- The company is pursuing **growth opportunities** by enhancing its streamer system for larger projects and re-evaluating its technology's application in **maritime security and defense**.  **[926423_2145733_4]**

MIND Technology Presents Strong Financials and Growth Strategy at Q3 Investor Summit

- MIND Technology reported strong financial results for the second quarter of fiscal 2026, with **product revenues of $13.6 million**  **[926423_2135693_2]** **[926423_2135693_3]** , a **gross profit of $6.8 million (50% margin)**  **[926423_2135693_3]** , and **net income of $1.9 million**  **[926423_2135693_3]** , returning to profitability after certain delivery delays in the first quarter.  **[926423_2135693_1]** 
- As of July 31, 2025, the company's backlog of firm orders was **$12.8 million**  **[926423_2135693_1]** , and there are an additional **$10 million in pending orders** that are believed to be imminent.  **[926423_2135693_1]**  Aftermarket activities significantly contributed to revenue, accounting for approximately **68% of total revenues** in the first six months of the fiscal year.  **[926423_2135693_1]** 
- For the balance of fiscal 2026, MIND Technology expects to achieve **positive adjusted EBITDA and profitability** in each remaining quarter and on a full-year basis  **[926423_2135693_5]** , with results anticipated to be similar to fiscal 2025  **[926423_2135693_4]** , potentially showing a high single-digit growth rate.  **[926423_2135693_9]** 
- The company has established an **at-the-market (ATM) program** and a **stock buyback program**  **[926423_2135693_4]**  and expanded its Huntsville, Texas facility, which is expected to meaningfully contribute to future revenues by supporting existing products, new developments, and third-party services.  **[926423_2135693_2]** **[926423_2135693_9]**

MIND TECHNOLOGY (MIND)