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MIND Technology (MIND)
NASDAQ:MIND
Earnings Data
Report Date
Sep 10, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 10, 2025
|% Change Since: -8.44%
|Next Earnings Date:Sep 10, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong backlog, increased cash flow, and a growing aftermarket business, showcasing resilience and future potential. However, the company faced challenges with a decline in revenue, order delivery delays, and operating losses, impacting current financial performance. Despite these challenges, the company's strong backlog, improved liquidity, and strategic initiatives position it for future growth.Company Guidance
During the MIND Technology Fiscal 2026 First Quarter Earnings Conference Call, CEO Rob Capps provided guidance indicating a positive outlook for the remainder of the fiscal year, despite a challenging first quarter where revenues dropped to $7.9 million due to a $5.5 million order delivery delay. The company expects to deliver these orders in the second quarter, which should lead to improved future results, supported by a strong backlog of $21 million as of April 30, 2025, and an active pipeline of prospects exceeding current backlog levels. Capps highlighted a 71% contribution from aftermarket activities to first-quarter revenues, up from a historical average of 40%, and emphasized efforts to optimize the supply chain and expand repair and manufacturing services at their Huntsville, Texas facility. MIND Technology also reported a net loss of $970,000 for the quarter, with cash flow from operations increasing to $4.1 million, indicating improved liquidity and a stronger balance sheet. The company remains focused on enhancing profitability by capitalizing on macroeconomic tailwinds and customer engagement, with a strategic emphasis on expanding product offerings and exploring new market opportunities.Strong Backlog and Pipeline
Backlog of firm orders as of April 30, 2025, was approximately $21 million, up from $16.2 million on January 31, 2025, indicating strong demand and future revenue potential.
Increased Cash Flow from Operations
Cash flow from operations grew to about $4.1 million during the quarter, marking an improvement of approximately 98% sequentially, indicating improved liquidity and financial stability.
Aftermarket Business Growth
Aftermarket activity represented approximately 71% of revenues in the first quarter, up from the historical average of 40%, showcasing resilience and increased revenue opportunities.
Facility Expansion in Huntsville
Expansion of the facility in Huntsville, Texas, is nearing completion, expected to contribute to increased repair and manufacturing services and become a meaningful part of the revenue stream.
Debt-Free Balance Sheet
The company maintains a clean, debt-free balance sheet with a simplified capital structure, enhancing financial flexibility and stockholder value.
MIND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 10, 2025 | $6.75 | $6.02 | -10.81% |
Apr 22, 2025 | $5.44 | $6.88 | +26.47% |
Dec 10, 2024 | $4.23 | $6.02 | +42.32% |
Sep 11, 2024 | $3.62 | $3.81 | +5.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MIND Technology (MIND) report earnings?
MIND Technology (MIND) is schdueled to report earning on Sep 10, 2025, TBA Not Confirmed.
What is MIND Technology (MIND) earnings time?
MIND Technology (MIND) earnings time is at Sep 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MIND EPS forecast?
MIND EPS forecast for the fiscal quarter 2026 (Q2) is 0.19.