MIND Technology (MIND)

MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. MIND's worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment.

Company profile

Ticker

MIND, MINDP

Exchange

NASDAQ

Website

mind-technology.com

CEO

Robert Capps

Incorporated

Delaware

Location

Texas

Fiscal year end

Jan 31

Sector

Real Estate and Rental and Leasing > Consumer Electronics and Appliances Rental

Industry (SIC)

Search, Detection, Navigation, Guidance, Aeronautical Sys

Northrop Grumman • Raytheon • L3Harris • Garmin • Leonardo DRS • Teledyne • Teledyne FLIR • Telenav • Virgin Orbit • NextNav ...

Former names

MITCHAM INDUSTRIES INC

SEC CIK

0000926423

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Mitcham Holdings Ltd • Mitcham Canada Holdings Limited • Mitcham Canada ULC • Mitcham Europe Ltd • Seamap (UK) Ltd. • Seamap Pte. Ltd. • Klein Marine Systems, Inc. • Seamap (Malaysia) Sdn Bhd. • MIND Maritime Acoustics, LLC ...

IRS number

760210849

MIND stock data

1M 1Y 5Y

News

From Benzinga Pro

$1.1 Million Bet On TRACON Pharmaceuticals? 4 Penny Stocks Insiders are Buying

24 Jun 22

U.S. stocks opened sharply higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Stocks That Hit 52-Week Lows On Thursday

9 Jun 22

On Thursday, 126 companies set new 52-week lows.

MIND Technology Q1 EPS $(0.27) Misses $(0.23) Estimate, Sales $9.09M Beat $7.20M Estimate

8 Jun 22

MIND Technology (NASDAQ:MIND) reported quarterly losses of $(0.27) per share which missed the analyst consensus estimate of $(0.23) by 17.39 percent. This is a 12.9 percent increase over losses of $(0.31) per share from

Earnings Scheduled For June 8, 2022

8 Jun 22

Earnings Outlook For MIND Technology

7 Jun 22

Press releases

From Benzinga Pro

MIND TECHNOLOGY, INC. REPORTS FISCAL 2023 FIRST QUARTER RESULTS

8 Jun 22

THE WOODLANDS, Texas, June 8, 2022 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ:MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2023 first quarter ended April 30,

MIND TECHNOLOGY ANNOUNCES FISCAL 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

26 May 22

THE WOODLANDS, Texas, May 26, 2022 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ:MIND) announced today that it will release financial results for its fiscal 2023 first quarter ended April 30, 2022 after the market closes

MIND TECHNOLOGY, INC. ANNOUNCES BOARD OF DIRECTORS ADDITIONS

3 May 22

THE WOODLANDS, Texas, May 3, 2022 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ:MIND) ("MIND" or the "Company") today announced that Alan P. Baden and Nancy Harned have been appointed to its Board of

MIND TECHNOLOGY, INC. REPORTS FISCAL 2022 FOURTH QUARTER AND YEAR-END RESULTS

20 Apr 22

MIND TECHNOLOGY ANNOUNCES FISCAL 2022 FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

14 Apr 22

Calendar

9 Jun 22

26 Jun 22

31 Jan 23

Financial summary

Financial statements Chart MIND financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	817K	817K	817K	817K	817K	817K
Cash burn (monthly)	1.43M	98.67K	864.67K	1.04M	1.17M	1.49M
Cash used (since last report)	2.73M	188K	1.65M	1.98M	2.24M	2.83M
Cash remaining	-1.91M	629K	-830.55K	-1.16M	-1.42M	-2.02M
Runway (months of cash)	-1.3	6.4	-1.0	-1.1	-1.2	-1.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

MIND insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jun 22	Blum Peter H	MIND Series A Preferred Stock	Buy	Acquire P	No	No	14.27	2,000	28.54K	3,696
23 Jun 22	Blum Peter H	MIND Common Stock	Buy	Acquire P	No	No	0.83	10,000	8.3K	729,528
22 Jun 22	Blum Peter H	MIND Common Stock	Buy	Acquire P	No	No	0.85	10,000	8.5K	719,528
21 Jun 22	Blum Peter H	MIND Common Stock	Buy	Acquire P	No	No	0.87	10,000	8.7K	709,528
16 Jun 22	Blum Peter H	MIND Series A Preferred Stock	Buy	Acquire P	No	No	12.64	1,696	21.44K	1,696
16 Dec 21	Blum Peter H	MIND Common Stock	Buy	Acquire P	No	No	1.5	50,000	75K	699,528

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

MIND institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	0
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Geospace Technologies

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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Removed: abandonment, absorption, accepting, actively, adding, affirmative, amending, announcement, aperture, approved, Arabia, arrangement, assigned, ASU, automatically, began, beginning, cancel, charge, clarifying, closing, conduct, conform, consistent, continued, converted, coordination, curtailment, CUSIP, December, declined, deducting, delay, demonstrate, deterioration, domicile, downsizing, eliminating, essential, established, evaluation, expanded, fair, FASB, focused, fourth, frame, Framework, furloughed, goodwill, greater, growing, guidance, identical, impair, impaired, improve, improving, increasingly, indefinite, initial, international, introduced, joint, macroeconomic, marketed, Meeting, merger, MINDP, modifying, NASDAQ, Navy, noted, output, overhead, physical, presentation, quantity, rapidly, realize, receiving, reclassified, recovered, reduced, reimposed, relaxation, remotely, removing, reopened, Restructuring, resume, resumed, rotate, Saudi, Select, separately, serviceable, sharply, shutdown, Simplifying, subsiding, successful, suited, suspension, synthetic, temporarily, temporary, ticker, Topic, treatment, unforeseen, uninterrupted, unique, unit, vehicle, visit, vote, work, worked, workplace

From filing 10-Q 2023 Q1

Financial reports

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