$6.76
+0.30%MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. The company's 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; and SeaLink product line of marine sensors and solid streamer systems. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Latin America, the Asia/South Pacific, Eurasia, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Acceptable margins but limited operational leverage. Operating expense control is important.
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
MIND โข NASDAQ
| MIND Technology, Inc. Income Statement | Jan 2026 | Jan 2026 | Jan 2025 | Jan 2025 | Jan 2024 | Jan 2024 | Jan 2023 | Jan 2023 | Jan 2022 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
40.9M | 40.9M | 46.9M | 46.9M | 36.5M | 36.5M | 25M | 25M | 23.1M | 23.1M | 21.2M | 29.9M | 42.9M | 48.3M | 41M | 51.8M | 83.1M | 92.1M | 104.7M | 112.8M | |
GROSS PROFIT | ||||||||||||||||||||
(23.2M) | (23.2M) | (26.8M) | (26.8M) | (21.7M) | (21.7M) | (16.4M) | (16.4M) | (19.3M) | (19.3M) | (13.9M) | (17M) | (31.2M) | (42.2M) | (48.4M) | (49.2M) | (59.9M) | (60.1M) | (67.3M) | (55.1M) | |
17.8M | 17.8M | 20M | 20M | 14.8M | 14.8M | 8.6M | 8.6M | 3.8M | 3.8M | 7.3M | 16.6M | 11.7M | 6.1M | -7.4M | 2.7M | 23.3M | 32M | 37.4M | 57.8M | |
OPERATING INCOME | ||||||||||||||||||||
(14.9M) | (14.9M) | (13.2M) | (13.2M) | (14.3M) | (14.3M) | (14.3M) | (14.3M) | (18.4M) | (18.4M) | (21.6M) | (26.2M) | (24.8M) | (24.3M) | (23.9M) | (22.9M) | (30M) | (26.2M) | (23.5M) | (23.2M) | |
(13.3M) | (13.3M) | (11.3M) | (11.3M) | (12.1M) | (12.1M) | (12.9M) | (12.9M) | (14.8M) | (14.8M) | (12.6M) | (19.7M) | (20.9M) | (19.7M) | (19.8M) | (18M) | (25M) | (23.7M) | (22.5M) | (21.4M) | |
(1.6M) | (1.6M) | (1.9M) | (1.9M) | (2.1M) | (2.1M) | (1.4M) | (1.4M) | (3.6M) | (3.6M) | (3M) | (1.9M) | (1.2M) | (1.5M) | (974K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
2.9M | 2.9M | 6.8M | 6.8M | 518K | 518K | -5.7M | -5.7M | -14.5M | -14.5M | -11.8M | -4.9M | -13M | -19.7M | -31.3M | -26.8M | -6.7M | 5.8M | 13.9M | 34.5M | |
PRE-TAX INCOME | ||||||||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (675K) | (675K) | (519K) | (519K) | (0.0) | (0.0) | (0.0) | (46K) | (72K) | (47K) | (653K) | (739K) | (902K) | (314K) | (533K) | (740K) | |
0.0 | 0.0 | 0.0 | 0.0 | -675K | -675K | -519K | -519K | 0.0 | 0.0 | 0.0 | -46K | 72K | 47K | -643K | -725K | -673K | -10K | 11K | -396K | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (6M) | (3.3M) | -24K | (4.6M) | (594K) | -274K | -2.8M | (231K) | -389K | (1.9M) | |
43K | 43K | 240K | 240K | -280K | -280K | 256K | 256K | 926K | 926K | -1.7M | -1.2M | -6.6M | -451K | -49K | -999K | -3.4M | 221K | -378K | -214K | |
2.9M | 2.9M | 7.1M | 7.1M | 238K | 238K | -5.4M | -5.4M | -13.6M | -13.6M | -13.5M | -6.2M | -19.6M | -20.2M | -31.3M | -27.8M | -10.2M | 6M | 13.5M | 34.3M | |
NET INCOME | ||||||||||||||||||||
(2.2M) | (2.2M) | (2M) | (2M) | (1.3M) | (1.3M) | (699K) | (699K) | -39K | -39K | (536K) | (353K) | (252K) | (910K) | (1.8M) | (11M) | -994K | (1.3M) | -3.5M | (10M) | |
750K | 750K | 5.1M | 5.1M | -2.1M | -2.1M | -8.8M | -8.8M | -15.1M | -15.1M | -18.4M | -11.3M | -19.8M | -21.1M | -33.2M | -38.7M | -9.2M | 4.8M | 17.1M | 24.3M |
MIND - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | June 01, 2026 | July 23, 2026 | 2026 | |
10-K 10-K 2026 FY FY | April 20, 2026 | January 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 15, 2026 | April 15, 2026 | 2026 | |
10-Q 10-Q 2025 Q4 Q4 | December 11, 2025 | October 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 09, 2025 | December 09, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | September 10, 2025 | July 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 09, 2025 | September 09, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 02, 2025 | August 28, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 21, 2025 | July 17, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | June 11, 2025 | April 30, 2025 | 2025 |
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