Mind Technology reports Q4 EPS (32c) vs. 1c last year

Reports Q4 revenue $9.8M vs. $9.7M last year. CEO Rob Capps stated, “Despite lower operating income and a small net loss for Q4, our overall performance in FY26 demonstrates MIND‘s ability to deliver favorable results amid an uncertain and evolving macro environment. We generated another year of meaningful cash flow from operations and positive earnings and Adjusted EBITDA, supported by disciplined operational execution and our ability to capitalize on pockets of demand. While uncertainty has persisted across our markets, Seamap revenues remain elevated relative to historical levels and were flat sequentially with Q3. Although overall customer interest and engagement remain positive, we have seen customers defer order commitments for larger systems due to economic uncertainty and geopolitical turmoil….I believe MIND is well positioned to capitalize on opportunities as they emerge across our end markets. …Looking ahead, we expect our results for FY27 to be down when compared to FY26. Despite this view, we expect to maintain positive cash flow and intend to leverage our enhanced liquidity, which includes cash on hand of approximately $19.1M, to position MIND for improved financial results as market conditions stabilize…”