The earnings call presented a mixed outlook. The company highlighted its increased backlog, improved cash flow, strong aftermarket business, and debt-free balance sheet, indicating a positive trend. However, these positives were counterbalanced by a significant revenue decline, increased expenses, and an operating loss, leading to a neutral sentiment.

Company Guidance

During the MIND Technology Fiscal 2026 First Quarter Earnings Conference Call, the company provided several key metrics and guidance for the upcoming periods. The backlog of firm orders as of April 30, 2025, stood at approximately $21 million, up from $16.2 million as of January 31, 2025, but down from $31 million as of April 30, 2024. The company's marine technology product revenues for the first quarter were $7.9 million, reflecting an approximate 18% decrease from the same period a year ago. Despite the decline, MIND Technology experienced cash flow from operations of about $4.1 million, indicating improved liquidity. The gross profit for the quarter was $3.3 million, representing a gross profit margin of 42%. The company also highlighted a shift in revenue composition, with approximately 71% of revenues coming from aftermarket activities, up from the historical average of around 40%, due to deferred system sales. Looking ahead, MIND Technology expects a much improved second quarter, driven by a strong demand environment, an active pipeline of pending orders, and a more resilient business structure.

Increased Backlog and Pipeline

The backlog of firm orders increased to approximately $21 million as of April 30, 2025, from $16.2 million as of January 31, 2025. The company also reported a strong pipeline of pending and highly confident orders.

Improved Cash Flow from Operations

Cash flow from operations grew to approximately $4.1 million during the quarter, marking an improvement of approximately 98% sequentially.

Strong Aftermarket Business

The aftermarket business represented approximately 71% of revenues in the first quarter, up from the historical average of 40%, indicating a robust contribution to sustainability.

Debt-Free Balance Sheet

The company maintains a clean, debt-free balance sheet, enhancing financial flexibility and shareholder value.

MIND Technology (MIND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MIND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 09, 2025	2026 (Q2)	0.19 / -	-0.077	―	―	―
Jun 10, 2025	2026 (Q1)	0.08 / -0.12	0.679	-117.67% (-0.80)	―
Apr 22, 2025	2025 (Q4)	0.18 / 0.25	0.39	-35.90% (-0.14)	―
Dec 10, 2024	2025 (Q3)	0.13 / 2.87	-1.89	251.85% (+4.76)	―
Sep 11, 2024	2025 (Q2)	0.02 / -0.08	-1.8	95.72% (+1.72)	―
Jun 10, 2024	2025 (Q1)	0.30 / 0.68	-0.9	175.44% (+1.58)	―
Apr 29, 2024	2024 (Q4)	0.48 / 0.39	-0.3	230.00% (+0.69)	―
Dec 13, 2023	2024 (Q3)	-0.20 / -1.89	-3.1	39.03% (+1.21)	―
Sep 13, 2023	2024 (Q2)	-1.40 / -1.80	-2	10.00% (+0.20)	―
Jun 13, 2023	2024 (Q1)	-0.70 / -0.90	-2.7	66.67% (+1.80)	―

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 09, 2025, After Close (Confirmed).

What is MIND Technology (MIND) earnings time?

MIND Technology (MIND) earnings time is at Sep 09, 2025, After Close (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.

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