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MIND Technology (MIND)
NASDAQ:MIND
Earnings Data
Report Date
Jun 17, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.68Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 21.32%
|Next Earnings Date:Jun 17, 2025
Earnings Call Sentiment|Positive
MIND Technology reported strong financial performance for fiscal 2025 with record revenues and improved profitability, supported by a strong backlog and order pipeline. Despite potential short-term revenue fluctuations and economic uncertainties, the company is strategically positioned for growth with a focus on operational efficiency and market expansion. The overall sentiment of the call is positive, reflecting confidence in sustained future success.Company Guidance
During the MIND Technology Fiscal 2025 Fourth Quarter Earnings Conference Call, the company provided optimistic guidance based on strong fiscal year performance and a promising outlook for fiscal 2026. The company reported record revenues for its Marine Technology products, totaling $15 million for the fourth quarter and $46.9 million for the full fiscal year, marking a 28% increase from the previous year. The company also highlighted a gross profit of approximately $21 million with a 45% margin, and an adjusted EBITDA of $8.2 million, a 256% increase over fiscal 2024. MIND Technology enters fiscal 2026 with a backlog of approximately $16 million and has received $15.9 million in orders subsequent to year-end. The company expects continued profitability and positive adjusted EBITDA in the coming quarters, supported by a strong demand environment, improved order visibility, and a robust pipeline of pending orders.Record Fiscal 2025 Revenue
Marine Technology product revenues for the fourth quarter and full fiscal year 2025 were $15 million and $46.9 million, respectively, representing a growth of 28% over the previous year and the highest annual revenue ever reported by Seamap.
Improved Profitability and Cash Flow
The company achieved a fifth consecutive quarter of profitable results with full year gross profit of approximately $21 million, a 31% increase from fiscal 2024, and a net income from continuing operations of $5.1 million compared to a loss of $1.1 million in 2024.
Strong Backlog and Order Pipeline
MIND enters fiscal 2026 with a backlog of approximately $16 million and has received approximately $15.9 million of orders subsequent to year end, indicating strong financial performance prospects.
Operational Efficiency and Market Position
The company has greater order visibility, a strong demand environment, and improved balance sheet and capital structure, contributing to enhanced operational efficiency and a dominant market position in Seamap products.
Strategic Initiatives and Growth Prospects
MIND is exploring strategic growth opportunities, including organic growth, acquisitions, and potential combinations with other organizations, while maintaining a debt-free balance sheet with flexibility for future growth.
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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
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MIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Jun 10, 2024 | $5.63 | $4.53 | -19.54% |
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.
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FAQ
When does MIND Technology (MIND) report earnings?
MIND Technology (MIND) is schdueled to report earning on Jun 17, 2025, TBA Not Confirmed.
What is MIND Technology (MIND) earnings time?
MIND Technology (MIND) earnings time is at Jun 17, 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 (Q1) is 0.08.
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