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MIND Technology (MIND)
NASDAQ:MIND
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MIND Technology
(NASDAQ:MIND)
Rating:71Outperform
Price Target:
$7.00
▲( 7.86% Upside)
MIND Technology (MIND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$51.72M
Dividend YieldN/A
Average Volume (3M)171.90K
Price to Earnings (P/E)20.1
Beta (1Y)1.06
Revenue Growth18.08%
EPS GrowthN/A
CountryUS
Employees146
SectorTechnology
Sector Strength77
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.25
Shares Outstanding7,969,421
10 Day Avg. Volume97,497
30 Day Avg. Volume171,899
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)1.96
Price to Sales (P/S)0.00
P/FCF Ratio250.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
MIND Technology Business Overview & Revenue Model
Company DescriptionMIND Technology, Inc. operates in the marine technology sector, focusing on the design and sale of products for the marine exploration, defense, and oceanographic research industries. The company offers an array of technology-driven solutions, including sonar and seismic equipment, which are used for various applications such as geophysical surveys, oil and gas exploration, and environmental assessments.
How the Company Makes MoneyMIND Technology generates revenue through the sale and leasing of its advanced marine technology products. The company's key revenue streams include the direct sale of sonar and seismic equipment to marine exploration firms, defense agencies, and oceanographic research institutions. Additionally, MIND Technology benefits from leasing agreements and service contracts for maintenance and support of its equipment. The company may also engage in strategic partnerships with other technology firms and research organizations to expand its market reach and enhance its product offerings, contributing to its earnings.
MIND Technology Financial Statement Overview
Summary
MIND Technology has shown a significant turnaround in financial performance with a return to profitability and improved cash flows. The balance sheet remains strong with low leverage, providing a solid foundation for future growth. However, the company faces challenges with revenue volatility and historical cash flow instability, which suggests a need for consistent operational performance to sustain long-term growth.Income Statement
The company has shown a recovery in net income and profitability in the latest year, turning from a net loss to a net profit, which is a strong positive. The gross profit margin is healthy at approximately 100% for the latest year, indicating cost control improvements. However, revenue has decreased significantly year-over-year, and there is a high volatility in revenue and profit margins which raises concerns about the consistency of operations.65
Positive
Balance Sheet
The balance sheet shows a strong equity position, with a low debt-to-equity ratio of approximately 0.05 in the latest year, indicating low leverage and strong financial stability. The equity ratio is healthy, indicating a strong asset base funded by equity rather than debt. However, the company has experienced fluctuations in stockholder's equity over the years.72
Positive
Cash Flow
The cash flow situation shows improvement with positive free cash flow in the latest year, a significant improvement from previous years. The operating cash flow to net income ratio indicates some level of cash generation relative to profits. However, the historical trend of negative operating cash flows and inconsistent free cash flow generation raises concerns about cash flow stability.58
Neutral
| Breakdown | ||||
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 46.86M | 36.51M | 35.09M | 23.11M | 21.21M | Gross Profit |
| 20.97M | 14.79M | 12.97M | 6.02M | 7.31M | EBIT |
| 6.82M | 518.00K | -7.61M | -14.54M | -11.80M | EBITDA |
| 8.00M | 2.03M | -4.05M | -11.41M | -10.67M | Net Income Common Stockholders |
| 5.07M | -2.07M | -7.43M | -13.58M | -14.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.34M | 5.29M | 778.00K | 5.11M | 4.61M | Total Assets |
| 36.72M | 33.49M | 32.86M | 42.02M | 39.76M | Total Debt |
| 1.32M | 1.32M | 1.75M | 1.83M | 2.32M | Net Debt |
| -4.02M | -3.96M | 971.00K | -3.28M | -2.29M | Total Liabilities |
| 9.39M | 10.85M | 9.81M | 11.76M | 9.35M | Stockholders Equity |
| 27.33M | 22.64M | 23.05M | 30.26M | 30.42M |
| Cash Flow | Free Cash Flow | |||
| 214.00K | -5.26M | -3.49M | -17.97M | -6.93M | Operating Cash Flow |
| 651.00K | -4.97M | -2.90M | -17.13M | -6.36M | Investing Cash Flow |
| 20.00K | 11.02M | 470.00K | 5.36M | 3.21M | Financing Cash Flow |
| -619.00K | -1.53M | -1.90M | 12.19M | 4.51M |
MIND Technology Technical Analysis
Neutral
6.49
Price Trends
6.21
Positive
7.27
Negative
5.75
Positive
Market Momentum
0.08
Positive
50.27
Neutral
12.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIND, the sentiment is Neutral. The current price of 6.49 is below the 20-day moving average (MA) of 6.66, above the 50-day MA of 6.21, and above the 200-day MA of 5.75, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 50.27 is Neutral, neither overbought nor oversold. The STOCH value of 12.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MIND.
MIND Technology Risk Analysis
MIND Technology disclosed 41 risk factors in its most recent earnings report. MIND Technology reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MIND Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $66.47M | 19.19 | 8.80% | 1.92% | 1.05% | -51.90% | |
71 Outperform | $51.72M | 20.07 | 20.31% | ― | 18.08% | ― | |
68 Neutral | $36.17M | ― | -18.07% | ― | -13.83% | -476.23% | |
64 Neutral | $36.32M | 90.47 | 1.04% | ― | 28.82% | 60.24% | |
61 Neutral | $11.29B | 10.07 | -7.05% | 2.96% | 7.47% | -10.75% | |
47 Neutral | $24.93M | 6.41 | -9.81% | ― | -12.87% | -148.14% | |
47 Neutral | $60.17M | ― | -2.17% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
MIND
MIND Technology
6.49
2.19
50.93%
ELTK
Eltek
10.01
-1.61
-13.86%
LGL
LGL Group
6.71
1.52
29.29%
NSYS
Nortech Systems
9.03
-3.30
-26.76%
CPSH
CPS Technologies
2.92
1.14
64.04%
OPTX
Syntec Optics Holdings
1.73
-1.32
-43.28%
MIND Technology Earnings Call Summary
Earnings Call Date:Apr 22, 2025
(Q4-2025)
| % Change Since: 19.30%|
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.Q4-2025 Updates
Positive Updates
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.
Negative Updates
Backlog Fluctuation
Backlog was down at year end, which is to be expected due to substantial deliveries during the fourth quarter, causing potential short-term revenue fluctuations.
Potential Revenue Decline in Q1 Fiscal 2026
While the company expects strong performance for the full year, it anticipates that first quarter results may return to more normalized levels after a record fourth quarter.
Exposure to Economic and Political Factors
The company acknowledges the potential impact of tariffs and other trade restrictions, although it currently does not anticipate material direct effects due to its operations being primarily outside the United States.
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.MIND Technology Corporate Events
Shareholder Meetings
MIND Technology Sets Deadlines for Stockholder Proposals
Neutral
May 16, 2025
MIND Technology, Inc. announced that its 2025 Annual Meeting of Stockholders will be held virtually on July 17, 2025. The company has set deadlines for stockholder proposals and board nominations, requiring submissions by May 26, 2025, to be considered for inclusion in the proxy materials.
The most recent analyst rating on (MIND) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on MIND Technology stock, see the MIND Stock Forecast page.
Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
MIND Technology Reports Strong Q4 Financial Results
Positive
Apr 22, 2025
On April 22, 2025, MIND Technology reported its financial results for the fiscal quarter and year ended January 31, 2025. The company saw a rise in revenues from continuing operations, with $15.0 million in the fourth quarter compared to $12.1 million in the previous quarter. Operating income also increased to $2.8 million from $1.9 million in the third quarter. The net income for the fourth quarter was $2.0 million, and the adjusted EBITDA was $3.0 million. Despite a decrease in the backlog of Marine Technology Products, the company secured firm orders worth $15.9 million after January 31, 2025. MIND Technology’s President and CEO, Rob Capps, expressed satisfaction with the company’s solid financial position and profitability trend, highlighting plans for growth through organic opportunities, acquisitions, or potential sale. The company intends to file a shelf registration statement to prepare for future capital needs.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.