Welcome to our dedicated page for Mind Technology SEC filings (Ticker: MIND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MIND Technology, Inc. filings document current reports on operating results and financial condition, including 8-K disclosures furnished with earnings press releases and Regulation FD information. The filings also include non-GAAP financial measures with quantitative reconciliations to comparable GAAP measures.
For this marine technology issuer, the formal record centers on results reported for the Seamap business, revenue and order disclosures, conference-call materials, and risk-factor references associated with Annual Reports, Quarterly Reports and Current Reports.
MIND Technology reported stronger results for the three months ended April 30, 2026. Revenue rose to $9.7 million from $7.9 million, with gross margin steady at 42%, reflecting higher marine technology product sales.
The company generated operating income of about $14,000 versus a prior loss of $658,000, and reduced its net loss to $411,000 from $970,000. EBITDA turned positive at $293,000 and Adjusted EBITDA reached $811,000, helped by higher volumes and stock-based compensation add-backs.
Liquidity remains solid, with working capital of roughly $37.8 million and cash and equivalents of about $17.7 million. However, firm order backlog declined to $7.6 million from $13.9 million, and management expects fiscal 2027 revenue to decline compared with fiscal 2026 despite a generally optimistic long-term industry outlook.
MIND Technology reported fiscal 2027 first-quarter revenue of about $9.7 million, up from $7.9 million in the prior-year quarter, reflecting growth in marine technology product sales. The company generated operating income of $14,000 and cut its net loss to $411,000, or $0.05 per share, compared with a $970,000 loss, or $0.12 per share, a year earlier.
Adjusted EBITDA, a non-GAAP measure, improved to $811,000 from negative $179,000, showing stronger underlying profitability despite a GAAP loss. Cash and cash equivalents were $17.7 million and total assets $50.8 million, supporting management’s view that liquidity remains solid. However, the Marine Technology Product backlog in the Seamap segment fell to $7.6 million from $21.1 million a year earlier, highlighting softer near-term demand.
MIND Technology, Inc. is asking stockholders to vote at a virtual annual meeting on July 22, 2026. Investors will elect five directors, approve a Sixth Amendment to the Stock Awards Plan to add 400,000 shares for equity incentives, cast an advisory vote on executive pay, and ratify Baker Tilly US, LLP as auditor for the fiscal year ending January 31, 2027. The record date is May 29, 2026, when 9,089,055 common shares were outstanding, each entitled to one vote.
MIND Technology reports fiscal 2026 results centered on its Seamap marine technology segment. Revenue from marine technology products was $40.9 million, down from $46.9 million, with gross profit of $18.7 million and a 46% gross margin, roughly flat year over year.
Operating income declined to $2.9 million from $6.8 million, and net income was $0.8 million. Adjusted EBITDA totaled $5.3 million. The business remains highly international, with about $38.0 million of revenue from non‑U.S. customers and notable exposure to China and Norway.
Seamap designs and manufactures GunLink seismic source systems, BuoyLink positioning systems and SeaLink towed streamer products serving marine exploration, survey and maritime security markets. Backlog was $13.9 million as of January 31, 2026, down 18% from $16.9 million, and management expects essentially all of this to ship in fiscal 2027.
MIND Technology, Inc. reported weaker results for its fiscal 2026 fourth quarter and full year, with both revenue and profit declining from fiscal 2025, but the company strengthened its balance sheet and cash position.
Fourth-quarter revenue was about $9.8 million, down from $15.0 million a year earlier, and the company swung to a net loss of roughly $271,000, or $(0.03) per share, versus net income of $2.0 million, or $0.25 per share. For fiscal 2026, revenue fell to about $40.9 million from $46.9 million, and net income dropped to around $750,000 from $5.1 million. Despite this, cash and cash equivalents rose to roughly $19.1 million, net cash provided by operating activities increased to about $2.6 million, and stockholders’ equity improved to approximately $41.4 million. Backlog in the Seamap marine technology segment was about $13.9 million as of January 31, 2026. Management expects fiscal 2027 results to be down compared with 2026 but aims to maintain positive cash flow while using its liquidity and capital allocation strategy to pursue growth opportunities.
MIND Technology, Inc. reports results for the quarter ended October 31, 2025. Revenue was $9.7 million, down from $12.1 million a year earlier, while gross margin improved to 47%. Operating income was $0.8 million and net income was $62 thousand, with a much higher effective tax rate of about 92% weighing on earnings.
For the first nine months, revenue was $31.2 million versus $31.8 million in the prior-year period, generating operating income of $2.8 million and net income of $1.0 million. Cash from operating activities improved to $3.8 million, compared with a $1.4 million use a year ago.
Cash and cash equivalents rose to $19.4 million from $5.3 million, aided by $10.8 million of net proceeds from at-the-market common stock sales. Working capital was about $36.0 million and the company has no debt. Management notes a firm order backlog of $7.2 million at quarter-end plus $9.5 million of orders received afterward and expects stronger fourth-quarter fiscal 2026 revenue and full-year revenue roughly in line with fiscal 2025.
MIND Technology, Inc. has furnished a report stating that it issued a press release announcing its financial results for the fiscal quarter ended October 31, 2025. The press release also includes the date and time for a conference call to discuss these earnings.
The company notes that the release uses non-GAAP financial measures and states that reconciliations to the most directly comparable GAAP measures are included in the press release. The information is designated as furnished rather than filed for securities law purposes, and the report includes a detailed cautionary note about forward-looking statements that may differ from actual future results.
William H. Hilarides, a director of Mind Technology, Inc. (MIND), reported the acquisition of 30,000 stock options on 10/06/2025. The options have an exercise price of $8.64 and expire on 10/06/2035. The grant is exercisable over three vesting dates: one‑third on 10/06/2026, one‑third on 10/06/2027, and the final one‑third on 10/06/202830,000 underlying shares are beneficially owned and the position is held directly. The form was signed by an attorney‑in‑fact on 10/08/2025. No cash price paid at grant other than the stated strike is indicated.
MIND Technology, Inc. reported a Form 4 disclosing that director Alan P. Baden was granted an option to purchase 30,000 shares of common stock with an exercise price of $8.64. The option was issued on 10/06/2025, is exercisable immediately in form of a listed award, and expires on 10/06/2035. Vesting is staggered: one-third vests on 10/06/2026, one-third on 10/06/2027, and the final third on 10/06/202810/08/2025 by an attorney-in-fact, indicating standard insider disclosure of equity compensation to a director.