Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2023 | Dec 2023 | Dec 2023 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 27.15M | 46.86M | 36.51M | 36.51M | 36.51M | 36.51M |
Gross Profit | 22.13M | 20.97M | 15.97M | 15.97M | 15.97M | 15.97M |
EBITDA | 5.86M | 8.00M | 2.03M | 2.03M | 2.03M | 2.03M |
Net Income | 4.28M | 5.07M | -2.07M | -2.07M | -2.07M | -2.07M |
Balance Sheet | ||||||
Total Assets | 35.83M | 36.72M | 33.49M | 33.49M | 33.49M | 33.49M |
Cash, Cash Equivalents and Short-Term Investments | 7.83M | 5.34M | 5.29M | 5.29M | 5.29M | 5.29M |
Total Debt | 841.00K | 1.32M | 1.32M | 1.32M | 1.32M | 1.32M |
Total Liabilities | 6.99M | 9.39M | 10.85M | 10.85M | 10.85M | 10.85M |
Stockholders Equity | 28.84M | 27.33M | 22.64M | 22.64M | 22.64M | 22.64M |
Cash Flow | ||||||
Free Cash Flow | 6.54M | 214.00K | -5.26M | -5.26M | -5.26M | -5.26M |
Operating Cash Flow | 7.25M | 651.00K | -4.97M | -4.97M | -4.97M | -4.97M |
Investing Cash Flow | -710.00K | 20.00K | 11.02M | 11.02M | 11.02M | 11.02M |
Financing Cash Flow | -619.00K | -619.00K | -1.53M | -1.53M | -1.53M | -1.53M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
71 Outperform | 70.30M | 22.94 | 10.25% | 1.81% | 6.75% | -52.37% | |
68 Neutral | 53.02M | -28.83 | -21.61% | ― | 7.47% | -133.39% | |
66 Neutral | $65.11M | 15.00 | 16.05% | ― | 27.70% | ― | |
64 Neutral | 36.64M | 169.80 | 0.00% | ― | 26.84% | -45.92% | |
51 Neutral | 26.77M | -8.18 | -9.64% | ― | -14.49% | -149.37% | |
47 Neutral | 60.54M | 39.86 | 0.00% | ― | 0.00% | 0.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
On September 9, 2025, MIND Technology announced its financial results for the fiscal second quarter ending July 31, 2025. The company reported revenues of $13.6 million, a significant increase from $7.9 million in the previous quarter and $10.0 million in the same quarter of the previous year. Operating income was $2.7 million, and net income was $1.9 million, marking a turnaround from a net loss in the first quarter of fiscal 2026. The backlog of Marine Technology Products related to the Seamap segment decreased to $12.8 million from $21.1 million at the end of the previous quarter. Despite economic uncertainties, the company remains optimistic about future prospects, highlighting strong customer interest in its Seamap product lines and a robust pipeline of orders.
The most recent analyst rating on (MIND) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on MIND Technology stock, see the MIND Stock Forecast page.
On August 28, 2025, MIND Technology, Inc. entered into an equity distribution agreement with Lucid Capital Markets LLC, allowing the company to sell up to $25 million of common stock under an ‘at-the-market’ program. The proceeds are intended for general corporate purposes, including potential acquisitions and capital expenditures. Additionally, the company’s board authorized a share repurchase program for up to $4 million of its common stock through August 31, 2027. These strategic moves aim to enhance stockholder value by providing flexibility to raise capital or invest in its own stock, depending on market conditions.
The most recent analyst rating on (MIND) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on MIND Technology stock, see the MIND Stock Forecast page.
On July 17, 2025, MIND Technology, Inc. held its 2025 Virtual Annual Meeting of Stockholders, where several key proposals were voted on. Stockholders re-elected five board members, approved an amendment to increase shares in the Stock Awards Plan by 400,000, approved executive compensation, and ratified Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026. These decisions reflect the company’s strategic focus on governance and financial management.
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.