Mind Technology Inc (MIND)
NASDAQ:MIND
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Earnings Data
Report Date
Sep 16, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
0.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
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.Company Guidance
Revenue and Quarterly Performance
Marine Technology product revenue of approximately $9.7M in Q1 FY27 — flat sequentially and improved versus Q1 FY26. Company delivered the remaining orders that slipped from fiscal 26 into the quarter.
Positive Adjusted EBITDA and Operating Turnaround
Adjusted EBITDA of ~$811k in Q1 FY27 (positive vs. adjusted EBITDA loss of $179k in Q1 FY26). Operating income of $14k in Q1 FY27 compared with an operating loss of $658k in Q1 FY26.
Gross Margin Stability
First quarter gross profit ~ $4.1M representing a gross margin of 42%, in line with the same period a year ago; margins supported by higher mix of spare parts and aftermarket activity.
Recurring Aftermarket Revenue
Aftermarket (spare parts, repairs, service) comprised about 50% of Q1 revenues, providing a stable, recurring revenue base and approximately $5M of maintenance/repair activity per quarter as a predictable floor.
Strong Balance Sheet and Liquidity
Working capital of approximately $37.8M, including $17.7M cash on hand, and a debt-free balance sheet with a simplified capital structure — management expects to remain cash-flow positive for FY27.
Pipeline and Capability to Pursue Larger Contracts
Pipeline of potential orders described as several times larger than the firm backlog; company pursuing a small handful of ~ $10M+ quasi-government vessel/equipment projects and has arranged an HSBC facility to support required security bonds (facility avoids posting cash collateral).
Operational and Strategic Positioning
Management highlighted cost structure optimization, greater production efficiencies, facility expansion (Texas ramping), and the ability to add scale via organic growth, strategic acquisitions, or combinations while remaining disciplined about capital allocation.
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, 2026 | $5.56 | $5.26 | -5.40% |
Apr 15, 2026 | $8.71 | $6.22 | -28.53% |
Dec 09, 2025 | $10.64 | $8.08 | -24.06% |
Sep 09, 2025 | $9.56 | $8.17 | -14.54% |
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 Inc (MIND) report earnings?
Mind Technology Inc (MIND) is schdueled to report earning on Sep 16, 2026, After Close (Confirmed).
What is Mind Technology Inc (MIND) earnings time?
Mind Technology Inc (MIND) earnings time is at Sep 16, 2026, 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 2027 (Q2) is -0.08.