Mitcham Industries

MIND Technology, Inc. engages in the provision of technology and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries. The firm’s Marine Technology products business consists of the design, manufacture, and sale of specialized marine seismic equipment, side scan sonar, water-side security systems, and the equipment sales activities of its Australian subsidiary, Seismic Asia Pacific Pty Ltd. The company was founded in 1987 and is headquartered in The Woodlands, TX.

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Mitcham Industries (MIND) reports strong Q3 earnings and innovation focus

Mitcham Industries demonstrated robust financial performance and strategic positioning in Q3 2025.
The company's focus on innovation and strong backlog provide a solid foundation for future growth.
While challenges exist, opportunities in expanding market segments and operational efficiency improvements are key focus areas.

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Mind Technology, a small ocean tech firm, has launched new high-tech products showing decent traction, with a backlog representing approximately two - three quarters of run rate revenue. Historical performance is irrelevant for this firm; focus on recent quarterly performance, product demand, expected Adj EBITDA growth, and fair multiple assignment for valuation. The most recent quarter highlights positive financial momentum including: significant quarter over quarter revenue growth (+21%), increasing operating margin, $1 per share annual EBITDA run rate and positive cash flow.

MIND: Finally The Promise Is Starting To Show Through

MIND's third-quarter fiscal 2025 earnings growth is driven by improved efficiency, strong order deliveries and strategic execution, signaling sustained profitability ahead.

MIND Technology Stock Soars 45% on Strong Q3 Earnings Growth

MIND Technology, Inc. (NASDAQ:MIND ) Q3 2025 Earnings Conference Call December 11, 2024 9:00 AM ET Company Participants Zach Vaughan - IR Robert Capps - President and CEO Mark Cox - VP and CFO Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Partners Operator Greetings and welcome to MIND Technology Third Quarter Fiscal 2025 Earnings Call. At this time, all participants are in a listen-only mode.

MIND Technology, Inc. (MIND) Q3 2025 Earnings Call Transcript

THE WOODLANDS, Texas , Dec. 10, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 third quarter ended October 31, 2024. Revenues from continuing operations for the third quarter of fiscal 2025 were approximately $12.1 million compared to approximately $5.0 million in the third quarter of fiscal 2024.

MIND TECHNOLOGY, INC. REPORTS FISCAL 2025 THIRD QUARTER RESULTS

THE WOODLANDS, Texas , Nov. 26, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 third quarter ended October 31, 2024 after the market closes on Tuesday, December 10, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, December 11 th at 9:00 a.m.

MIND TECHNOLOGY ANNOUNCES FISCAL 2025 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

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THE WOODLANDS, Texas , Sept. 23, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has received an order for a GunLink source controller amounting to approximately $5.1 million.

MIND Technology Announces Source Controller Orders

MIND Technology, Inc. (NASDAQ:MIND ) Q2 2025 Earnings Conference Call September 12, 2024 9:00 AM ET Company Participants Zach Vaughan - Investor Relations Robert P. Capps - President and Chief Executive Officer Mark Cox - Vice President and Chief Financial Officer Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Partners Sam Schwartz - Kaliber Management Operator Greetings.

MIND Technology, Inc. (MIND) Q2 2025 Earnings Call Transcript

MIND incurred a net loss per share of 11 cents in the second quarter of fiscal 2025, narrowed from the prior-year quarter, with revenues rising to $10 million, reflecting operational improvements and strong Seamap demand.

MIND Technology Q2 Loss Narrows Y/Y, Seamap Demand Drives Growth

THE WOODLANDS, Texas , Sept. 11, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 second quarter ended July 31, 2024.

MIND TECHNOLOGY, INC. REPORTS FISCAL 2025 SECOND QUARTER RESULTS

THE WOODLANDS, Texas , Sept. 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) announced that it has effected the conversion of all shares of its 9% Series A Cumulative Preferred Stock, $1.00 par value per share (the "Preferred Stock"), into the Company's common stock, $0.01 par value per share.

MIND Technology Announces Completion of Preferred Stock Conversion

THE WOODLANDS, Texas , Aug. 29, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today at 9:00 a.m., Central Time.

MIND Technology Announces Approval of Preferred Stock Proposal

THE WOODLANDS, Texas , Aug. 27, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 second quarter ended July 31, 2024 after the market closes on Wednesday, September 11, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, September 12 th at 9:00 a.m.

MIND TECHNOLOGY ANNOUNCES FISCAL 2025 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

THE WOODLANDS, Texas , Aug. 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) will reconvene its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") on Thursday, August 29, 2024 at 9:00 a.m. Central Time.

MIND Technology Reminds Preferred Stockholders To Vote Proxies

Explore why Zacks has given MIND Technology a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Discover insights into MIND's strong order pipeline, renewable energy focus and global presence while weighing challenges like revenue decline and intense competition.

Zacks Initiates Coverage of MIND Technology With Neutral Recommendation

THE WOODLANDS, Texas , July 11, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today and then further adjourned the meeting until Thursday, August 29, 2024 at 9:00 a.m. Central Time.

MIND Technology Announces New Date for Meeting of Preferred Stockholders and Revised Record Date

THE WOODLANDS, Texas , July 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that the Company's Board of Directors (the "Board") has elected not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the second quarter of its fiscal year ending January 31, 2025. The Company may defer dividend payments on the Series A Preferred Stock, but the dividend is a cumulative dividend that accrues for payment in the future.

MIND Technology Announces Deferral of Preferred Stock Dividend

THE WOODLANDS, Texas , June 27, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the "preferred stock") on June 27, 2024. The meeting was then further adjourned.

MIND Technology Further Adjourns Virtual Special Meeting of Preferred Stockholders

THE WOODLANDS, Texas , June 13, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) convened its virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the "preferred stock") on June 13, 2024.  Preferred stockholders approved a proposal to adjourn the special meeting to give the Company's management additional time to solicit additional proxies to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock (the "Preferred Stock Proposal").

MIND Technology Adjourns Virtual Special Meeting of Preferred Stockholders

MIND Technology, Inc. (NASDAQ:MIND ) Q1 2025 Earnings Conference Call June 11, 2024 9:00 AM ET Company Participants Ken Dennard - IR Rob Capps - President and CEO Mark Cox - VP and CFO Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Partners Operator Greetings, and welcome to the MIND Technology First Quarter Fiscal 2025 Earnings Call. At this time all participants are in a listen only mode.

MIND Technology, Inc. (MIND) Q1 2025 Earnings Call Transcript

THE WOODLANDS, Texas , June 10, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 first quarter ended April 30, 2024. Revenues from continuing operations for the first quarter of fiscal 2025 were approximately $9.7 million compared to approximately $10.6 million in the first quarter of fiscal 2024.

MIND TECHNOLOGY, INC. REPORTS FISCAL 2025 FIRST QUARTER RESULTS

THE WOODLANDS, Texas , June 3, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 first quarter ended April 30, 2024 after the market closes on Monday, June 10, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Tuesday, June 11 th at 9:00 a.m.

MIND TECHNOLOGY ANNOUNCES FISCAL 2025 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

THE WOODLANDS, Texas , May 29, 2024 /PRNewswire/ -- As previously announced, MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) will hold a virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the "preferred stock") on June 13, 2024 to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock.  If approved, the proposed amendment provides that each share of preferred stock may be converted into 3.9 shares of common stock, $0.01 par value per share (the "common stock") at the sole discretion of the Company's Board of Directors at any time prior to July 31, 2024 (the "proposal").

MIND Technology Reminds Preferred Stockholders of the Virtual Special Meeting

THE WOODLANDS, Texas , May 8, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) (Nasdaq: MINDP) announced today that the previously announced virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the "preferred stock") to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock has been rescheduled for June 13, 2024.  Additionally, the proposed amendment has been revised such that each share of preferred stock would be converted into 3.9 shares of common stock, $0.01 par value per share (the "common stock"), rather than the 2.7 shares initially proposed, at the sole discretion of the Company's Board of Directors at any time prior to July 31, 2024 (the "revised proposal").

MIND Technology Announces New Date For Virtual Special Meeting of Preferred Stockholders and Revised Proposal

MIND Technology, Inc. (NASDAQ:MIND ) Q4 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Zach Vaughan - IR Rob Capps - President and CEO Mark Cox - VP and CFO Conference Call Participants Tyson Bauer - KC Capital Sam Schwartz - Kaliber Management Operator Ladies and gentlemen, good morning, and welcome to the MIND Technology Fiscal 2024 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

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