MIND MIND Technology Dashboard

Risks

• The Company’s ability to continue as a going concern could impact our ability to obtain capital financing and adversely affect the price of our common stock.
• A limited number of customers account for a significant portion of our revenues and the loss of one of these customers could harm our results of operations.
• The financial soundness of our customers could materially affect our business and operating results.
• We derive a substantial amount of our revenues from foreign operations and sales, which pose additional risks including economic, political and other uncertainties.
• Our global operations expose us to risks associated with conducting business internationally, including failure to comply with United States laws that apply to international operations.
• Due to the international scope of our business activities, our results of operations may be significantly affected by currency fluctuations.
• We are subject to risks associated with the intellectual property of our Marine Technology Products segment.
• Products we develop, manufacture and sell may be subject to performance or reliability risks.
• We may not be successful in implementing and maintaining technology and product development and enhancements. New technology and product developments may cause us to become less competitive.
• We are subject to risks related to the availability and reliability of component parts used in the manufacture of our products.
• Increases in tariffs, trade restrictions, or taxes on our supplies and products could have an adverse impact on our business.
• We are subject to risks related to maintaining appropriate inventory levels.
• Our quarterly operating results may be subject to significant fluctuations.
• We face competition for our products and services.
• We rely on a small number of suppliers and disruption in vendor supplies could adversely affect our results of operations.
• We rely on contractors and subcontractors for certain projects, which could affect our results of operations and reputation.
• Demand for seismic data is not assured.
• Fuel conservation measures could reduce demand for oil and natural gas, which would in turn reduce the demand for our products and services.
• Our revenues are subject to fluctuations that are beyond our control, which could materially adversely affect our results of operations in a given financial period.
• We face risks related to health epidemics and other outbreaks, including the recent spread of COVID-19 or novel coronavirus, or fear of such an event.
• Capital requirements for our business strategy can be large. If we are unable to finance these requirements, we may not be able to maintain our competitive advantage or execute our strategy.
• Access to working capital and letters of credit may be limited.
• Our failure to attract and retain key personnel could adversely affect our operations.
• Our long-lived assets may be subject to impairment.
• Enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act) and final regulations relating to and interpretations of provisions of the Tax Cuts and Jobs Act (the “TCJA”) may vary from our current interpretation of such legislation and could have a material adverse effect on our financial condition and results of operations.
• Failure to comply with anti-bribery statutes, such as the U.S. Foreign Corrupt Practices Act (the “FCPA”) and the UK Bribery Act of 2010 (the “UK Bribery Act”), could result in fines, criminal penalties, and other sanctions, and may adversely affect our business and operations.
• We are subject to a variety of environmental and worker safety and health laws and regulations that could increase our costs of compliance and impose significant liabilities.
• Climate change laws and regulations restricting emissions of “greenhouse gases” could result in reduced demand for oil and natural gas, thereby adversely affecting our business, while the physical effects of climate change could disrupt our manufacturing of equipment and cause us to incur significant costs in preparing for or responding to those effects.
• Our business could be negatively affected by security threats, including cybersecurity threats, and other disruptions.
• Our business could be negatively affected by data protection and privacy laws that carry fines and may expose us to criminal sanctions and civil suits.
• We may grow through acquisitions and our failure to properly plan and manage those acquisitions may adversely affect our performance.
• Our stock price is subject to volatility.
• We may not be able to maintain our listing on the NASDAQ Global Select Market (“NASDAQ”), which could have a material adverse effect on us and our shareholders.
• Because we do not currently pay any dividends on our common stock, investors must look solely to stock appreciation for a return on their investment in us.
• We may issue debt or equity securities with rights senior to that of our common stock in liquidation which could dilute or negatively affect the value of our common stock.
• Provisions in our Amended and Restated Articles of Incorporation and Texas law could discourage a takeover attempt, which may reduce or eliminate the likelihood of a change of control transaction and, therefore, the ability of our shareholders to sell their shares for a premium.
• Failure to establish and maintain effective internal control over financial reporting could adversely affect our financial results.