Earnings summaries and quarterly performance for MIND TECHNOLOGY.
Executive leadership at MIND TECHNOLOGY.
Board of directors at MIND TECHNOLOGY.
Research analysts who have asked questions during MIND TECHNOLOGY earnings calls.
TB
Tyson Bauer
KC Capital
8 questions for MIND
Also covers: IIIN
RT
Ross Taylor
Not specified in transcript
7 questions for MIND
Also covers: PESI, RELL, TPCS
MM
Mike Mitcham
NCR Corporation
1 question for MIND
PR
P. Ross Taylor
ARS Investment Partners, LLC
1 question for MIND
Sam Schwartz
Kaliber Management
1 question for MIND
Recent press releases and 8-K filings for MIND.
MIND Technology Reports Q3 2026 Results with $9.7 Million in Revenue and Positive Outlook
MIND
Earnings
Guidance Update
Demand Weakening
- MIND Technology reported marine technology product revenues of $9.7 million and a net income of $62,000 for the third quarter of fiscal 2026. The company achieved a gross profit margin of 47%, an increase from 45% in the prior year's comparable quarter, driven by product mix and cost optimization.
- The backlog of firm orders stood at approximately $7.2 million as of October 31st, 2025. However, subsequent to the quarter's end, MIND Technology secured $9.5 million in new orders, which are anticipated to positively impact fourth-quarter results.
- Aftermarket activities were a significant contributor, representing about 64% of total revenues for the first nine months of the fiscal year.
- The company maintains a strong balance sheet with $19.4 million in cash and $35.8 million in working capital as of October 31st, 2025. During the quarter, approximately $11 million was raised through a share issuance via an ATM program.
- MIND Technology expects to conclude fiscal 2026 on a positive note, anticipating improved financial results and continued profitability, with overall fiscal 2026 results projected to be similar to fiscal 2025.
Dec 10, 2025, 2:00 PM
MIND Technology Reports Q3 2026 Results and Strengthens Balance Sheet
MIND
Earnings
Guidance Update
New Projects/Investments
- MIND Technology reported marine technology product revenues of $9.7 million and a net income of $62,000 for the third quarter of fiscal 2026.
- The company's backlog of firm orders was $7.2 million as of October 31, 2025; however, $9.5 million in new orders were received subsequent to the quarter end, which are expected to positively impact fourth-quarter results.
- Aftermarket activities were a significant contributor, accounting for approximately 64% of total revenues in the first nine months of fiscal 2026, and generally offer better margins.
- MIND strengthened its balance sheet by raising approximately $11 million in cash through an At-The-Market (ATM) program during the quarter, resulting in $19.4 million cash on hand and $35.8 million in working capital as of October 31, 2025.
- Management expects to conclude fiscal 2026 on a positive note with continued profitability, anticipating overall fiscal 2026 results to be similar to fiscal 2025, despite near-term market uncertainty.
Dec 10, 2025, 2:00 PM
MIND Technology Reports Q3 2026 Results and Updates on Backlog and Financial Position
MIND
Earnings
Guidance Update
Demand Weakening
- MIND Technology reported Q3 2026 revenues of $9.7 million from marine technology product sales, with a gross profit of $4.5 million and a 47% gross profit margin. Net income for the quarter was $62,000, compared to $1.3 million in the same quarter a year ago.
- The company's backlog of firm orders as of October 31, 2025, was approximately $7.2 million. However, subsequent to the quarter end, MIND received $9.5 million in new orders, which are expected to positively impact fourth-quarter results.
- MIND maintains a strong financial position with $35.8 million in working capital and $19.4 million in cash on hand as of October 31, 2025. The company raised approximately $11 million through its ATM program during the quarter, enhancing liquidity.
- Management expects a positive finish to fiscal 2026 and anticipates improved results in the fourth quarter, projecting overall profitability for fiscal 2026 similar to fiscal 2025. They note a temporary lull in order activity due to geopolitical and economic uncertainty but remain bullish on the long-term outlook for marine exploration.
Dec 10, 2025, 2:00 PM
MIND Technology, Inc. Announces Fiscal Q3 2026 Results
MIND
Earnings
Guidance Update
New Projects/Investments
- MIND Technology, Inc. reported revenues of $9.7 million for the third quarter of fiscal 2026, a decrease from $13.6 million in the second quarter of fiscal 2026 and $12.1 million in the third quarter of fiscal 2025.
- Net income attributable to common stockholders for Q3 FY26 was $0.01 per share, compared to $0.24 per share in Q2 FY26 and $2.87 per share in Q3 FY25.
- Adjusted EBITDA for the third quarter of fiscal 2026 was approximately $1.3 million, down from $3.1 million in Q2 FY26 and $2.0 million in Q3 FY25.
- The backlog of Marine Technology Products was $7.2 million as of October 31, 2025, though the company received additional orders totaling approximately $9.5 million subsequent to that date.
- The company ended the quarter with almost $36.0 million in working capital, including $19.4 million in cash, and raised approximately $11.0 million through its ATM program. Management expects the fourth quarter to be improved from the third quarter of fiscal 2026.
Dec 9, 2025, 9:26 PM
MIND Technology Reports Fiscal 2026 Third Quarter Results
MIND
Earnings
Guidance Update
Demand Weakening
- MIND Technology reported revenues of approximately $9.7 million for its fiscal 2026 third quarter ended October 31, 2025, compared to $13.6 million in the second quarter of fiscal 2026 and $12.1 million in the third quarter of fiscal 2025.
- The company achieved net income of approximately $62,000, or $0.01 per share, and Adjusted EBITDA of approximately $1.3 million for the third quarter of fiscal 2026.
- The backlog of Marine Technology Product orders was approximately $7.2 million as of October 31, 2025, although the company received additional orders totaling $9.5 million subsequent to quarter-end.
- MIND Technology improved its liquidity, ending the quarter with almost $36.0 million in working capital, including $19.4 million in cash, and expects its fourth quarter to be improved from the third quarter.
Dec 9, 2025, 9:15 PM
MIND Technology Announces Source Controller Orders
MIND
New Projects/Investments
Guidance Update
- MIND Technology, Inc.'s Seamap unit has received orders for GunLink source controllers and associated equipment from an international seismic contractor.
- The aggregate value of these orders is in excess of $9.5 million.
- Delivery of these orders is anticipated in this fiscal year or early next year.
- Mark Welker, Vice President of MIND and Seamap Managing Director, stated that there is continued strong interest in their source controllers and other products, despite a temporary lull in order activity.
Dec 2, 2025, 9:15 PM
MIND C.T.I. LTD Announces Third Quarter 2025 Results
MIND
Earnings
Share Buyback
Demand Weakening
- MIND C.T.I. LTD reported Q3 2025 revenues of $4.8 million, a decrease from $5.2 million in Q3 2024, with net income of $0.7 million, or $0.03 per share, down from $0.9 million, or $0.05 per share, in the prior year period.
- The company maintained a strong financial position with a cash balance of $12.5 million as of September 30, 2025, and generated $1.2 million in cash flow from operating activities during Q3 2025.
- MIND's Board of Directors approved a new capital return policy, transitioning from an annual dividend to a share repurchase program of up to $2.4 million.
- CEO Ariel Glassner acknowledged a challenging near-term environment but emphasized the company's focus on advancing its technology roadmap and strengthening its operational foundation for future growth.
- The company secured multiple follow-on orders from existing customers, including a major infrastructure upgrade, indicating continued customer reliance on its solutions.
Nov 12, 2025, 11:49 AM
MIND Technology Reports Q2 FY26 Results and Strategic Progress
MIND
Earnings
Revenue Acceleration/Inflection
Share Buyback
- 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.
- The company has undergone a strategic transformation, becoming debt-free, recapitalizing its structure, and selling its Klein Sonar Unit in August 2023.
- 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.
- 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.
Sep 16, 2025, 5:00 PM
MIND Technology Presents Strong Financials and Growth Strategy at Q3 Investor Summit
MIND
Revenue Acceleration/Inflection
Share Buyback
New Projects/Investments
- MIND Technology reported being profitable with a pristine capital structure including no debt, and has established a buyback program.
- 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.
- 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.
- 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.
Sep 16, 2025, 5:00 PM
MIND Technology Reports Strong Q2 2026 Results and Strategic Initiatives
MIND
Earnings
Guidance Update
Share Buyback
- MIND Technology reported strong financial results for the second quarter of fiscal 2026, with product revenues of $13.6 million , a gross profit of $6.8 million (50% margin) , and net income of $1.9 million , returning to profitability after certain delivery delays in the first quarter.
- As of July 31, 2025, the company's backlog of firm orders was $12.8 million , and there are an additional $10 million in pending orders that are believed to be imminent. Aftermarket activities significantly contributed to revenue, accounting for approximately 68% of total revenues in the first six months of the fiscal year.
- 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 , with results anticipated to be similar to fiscal 2025 , potentially showing a high single-digit growth rate.
- The company has established an at-the-market (ATM) program and a stock buyback program 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.
Sep 10, 2025, 1:00 PM
Quarterly earnings call transcripts for MIND TECHNOLOGY.
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