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Mind Technology Inc (MIND)
NASDAQ:MIND
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MIND Technology (MIND) Price & Analysis

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MIND Stock Chart & Stats

$5.55
-$0.17(-3.06%)
At close: 4:00 PM EDT
$5.55
-$0.17(-3.06%)

Bulls Say, Bears Say

Bulls Say
Low Leverage And Strong LiquidityA conservatively financed balance sheet with material cash and negligible debt provides durable financial flexibility. This supports bonding capacity, funds near-term ops and investments, and reduces refinancing risk, helping the company ride capital-cycle volatility and pursue disciplined M&A or capex.
Recurring Aftermarket RevenueA roughly 50% recurring aftermarket revenue mix creates a predictable revenue floor (~$4–5M per quarter), supports higher gross margins, and smooths cyclicality from large system orders. This structural recurring base enhances cash visibility and long-term customer relationships.
Stable Gross Margins And Earnings RecoverySustained ~42% gross margins and a return to positive adjusted EBITDA indicate structural margin strength driven by aftermarket mix and cost controls. Combined with improved operating performance versus prior loss years, this supports durable profitability as revenue normalizes.
Bears Say
Weak Cash Generation (TTM)Negative TTM operating and free cash flow materially reduce internal funding capacity and raise execution risk. Even with cash on hand, recurring cash burn can limit discretionary investment, make the company sensitive to order timing, and constrain margin-improving initiatives.
Steep Backlog Decline And Weaker FY27 OutlookA >60% decline in firm backlog versus prior year and guidance for lower FY27 revenue signal reduced near-term revenue visibility and tougher conversion risk on larger pipeline opportunities. This structural backlog weakness pressures medium-term revenue and planning.
Tax Burden And Elevated Operating CostsMaterial tax expense tied to profitable Singapore operations combined with elevated G&A (including stock-based comp) compresses net margins and introduces quarter-to-quarter earnings volatility. Persistently high SG&A undermines cash conversion and scalable profitability.

MIND Technology News

MIND FAQ

What was Mind Technology Inc’s price range in the past 12 months?
Mind Technology Inc lowest stock price was $4.66 and its highest was $14.50 in the past 12 months.
    What is Mind Technology Inc’s market cap?
    Mind Technology Inc’s market cap is $45.81M.
      When is Mind Technology Inc’s upcoming earnings report date?
      Mind Technology Inc’s upcoming earnings report date is Sep 16, 2026 which is in 47 days.
        How were Mind Technology Inc’s earnings last quarter?
        Mind Technology Inc released its earnings results on Jun 10, 2026. The company reported $0.007 earnings per share for the quarter, beating the consensus estimate of $0 by $0.007.
          Is Mind Technology Inc overvalued?
          According to Wall Street analysts Mind Technology Inc’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Mind Technology Inc pay dividends?
            Mind Technology Inc pays a Notavailable dividend of $0.563 which represents an annual dividend yield of N/A. See more information on Mind Technology Inc dividends here
              What is Mind Technology Inc’s EPS estimate?
              Mind Technology Inc’s EPS estimate is -0.08.
                How many shares outstanding does Mind Technology Inc have?
                Mind Technology Inc has 9,089,055 shares outstanding.
                  What happened to Mind Technology Inc’s price movement after its last earnings report?
                  Mind Technology Inc reported an EPS of $0.007 in its last earnings report, beating expectations of $0. Following the earnings report the stock price went down -5.396%.
                    Which hedge fund is a major shareholder of Mind Technology Inc?
                    Currently, no hedge funds are holding shares in MIND
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      MIND Technology Stock Smart Score

                      Company Description

                      Mind Technology Inc

                      MIND Technology, Inc., together with its subsidiary companies, delivers specialized technological solutions to a range of sectors, including oceanography, hydrography, defense, seismic exploration, and maritime security. Their core product line features advanced systems such as the GunLink, which facilitates the precise acquisition, monitoring, and control of seismic energy sources for marine surveys. The BuoyLink RGPS tracking system is vital for accurately positioning marine seismic energy sources and streamers. Other key offerings include Digishot energy source controllers, Sleeve Gun energy sources, and the SeaLink series of marine sensors and solid streamer systems. Beyond these primary products, MIND supplies various components like streamer weight collars, depth and pressure transducers, air control valves, and source array systems. The company also provides critical support services, encompassing spare parts, replacement components, repair and engineering assistance, comprehensive training, field service operations, and umbilical terminations. Additionally, they offer side scan sonar equipment and related systems. MIND serves a diverse customer base, including governmental organizations and commercial entities, distributing its products through an internal sales force and a vast global network of distributors and representatives. The company boasts a significant international presence, with operations spanning the United States, Europe, Canada, Latin America, the Asia/South Pacific region, and Eurasia. Founded in 1987, MIND Technology, Inc., previously known as Mitcham Industries, Inc., maintains its corporate headquarters in The Woodlands, Texas.

                      MIND Technology (MIND) Earnings & Revenues

                      MIND Earnings Call

                      Q1 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Neutral
                      The call presented a balanced picture: several operational and financial strengths (positive adjusted EBITDA, stable 42% gross margin, ~50% recurring aftermarket revenue, strong liquidity and a clean balance sheet, and a sizable pipeline) contrast with meaningful near-term headwinds (a steep decline in firm backlog, geopolitical-driven order delays, a FY27 revenue outlook below FY26, a taxable position in Singapore causing a material tax expense, and elevated SG&A in Q1). Management is optimistic on long-term prospects and has options to scale, but conversion risk and near-term softness create uncertainty.View all MIND earnings summaries
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                      Ownership Overview

                      1.21%4.65%0.55%88.83%
                      1.21%
                      Insiders
                      0.55% Other Institutional Investors
                      88.83% Public Companies and
                      Individual Investors
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