MIND Technology Q2 revenue $8.7M (+28% YoY); net loss narrows; backlog jumps to $19.3M

MIND TECHNOLOGY, INC

2023-Q2 EPS reported -$0.45 revenue$17,800,000

Revenue from Marine Technology Products $8.7M vs $6.8M in Q2 2021, up 28%.
Net loss from continuing ops $1.8M ($0.20/sh) vs $2.7M ($0.25/sh) a year ago.
Adjusted EBITDA loss improved to $1.0M from $1.8M in prior-year quarter.
Backlog at July 31, 2022 reached $19.3M, up from $13.4M at April 30, 2022.
Company expects second-half revenue to exceed first half and positive income in Q4.

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