MARKET COMPOSITE
MIND - MIND Technology Inc
Price
$0.00
+ 0.00 (0.00%)
MIND Technology, Inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries in the United States, Singapore, Malaysia, the United Kingdom, and internationally. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products. Its products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Digishot energy source controllers; Sleeve Gun energy sources; SeaLink product line of marine sensors and solid streamer systems; and HarborGuard, an integrated waterside surveillance and security system that combines radar, video, and other surveillance technology to provide security for various waterside installations. This segment also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; repair and engineering services, training and field service operations, and umbilical termination; and equipment, consumables, systems integration, engineering hardware, and software maintenance support services. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers. This segment also sells used equipment from its lease pool. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was founded in 1987 and is headquartered in The Woodlands, Texas.
Financials
Quarterly financials
(USD)Oct 2023Q/Q
Revenue5MM-43%
Gross Profit2.3MM-31%
Cost Of Revenue2.7MM-50%
Operating Income--
Operating Expenses3.7MM-23%
Net Income568K-138%
R&D508K-40%
G&A2.9MM-16%
Stock Chart
leak data

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2024 fourth quarter and full year ended January 31, 2024 after the market closes on Monday, April 29, 2024. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Tuesday, April 30th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.

    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 first quarter of its fiscal year ending January 31, 2025.

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) announced today that it has begun soliciting proxies from 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. Under the proposed amendment, each share of preferred stock would be converted into 2.7 shares of common stock, $0.01 par value per share (the "common stock"), at the sole discretion of t

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has been awarded an order by ATLAS MARIDAN ApS, a company of the ATLAS ELEKTRONIK Group, to provide a specialized SeaLink 2-D & 3-D, ultra ultra-high resolution ("UUHR") seismic streamer system. It is anticipated the system will be utilized in ultra-high resolution seismic site surveys in accordance with ISO19901 protocols.

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has received an order for multiple GunLink source controllers totaling approximately $10.2 million. This order is pursuant to the previously disclosed framework supply agreement with a major international seismic contractor.

    MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2024 third quarter ended October 31, 2023.

    MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2024 third quarter ended October 31, 2023 after the market closes on Wednesday, December 13, 2023. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, December 14th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has been awarded an order by PGS Geophysical AS ("PGS") to provide an ultra-high resolution 3-D seismic streamer system for PGS' new energy initiative. The value of the contract, which is expected to be delivered in calendar 2024, is in excess of $5.0 million.

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that on October 12, 2023, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its amended and restated certificate of incorporation (the "Charter Amendment") to effect the previously announced reverse stock split of the Company's issued and outstanding shares of common stock, $0.01 par value per share, at a ratio of one-for-ten (the "Reverse Stock Split"). The Charter A

    MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has received orders totaling approximately $3.4 million for BuoyLink GNSS positioning systems. The majority of these orders are expected to be delivered in the next fiscal year.