---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028980"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:53:24.095545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MIND Technology reports Q3 revenue down 41% to $4.9M, net loss $0.31/share

## Summary
- Revenue from Marine Technology Products $4.9M, down from $8.3M YoY.
- Net loss from continuing ops $3.3M ($0.31 per share) vs $2.1M loss ($0.20) YoY.
- Adjusted EBITDA loss widened to $2.7M from $1.3M loss in prior year.
- Backlog grew to $19.9M, up from $10.0M a year ago and $19.3M sequentially.
- Management guides Q4 revenue $12-14M, expects return to profitability.

## SEC filing metadata
- accession: 0001437749-22-028980
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774922028980/0001437749-22-028980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774922028980/mind20220919_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028980
- JSON: https://secwatch.observer/filing/0001437749-22-028980.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028980.txt

## Key facts
- Earnings Releases
  MIND TECHNOLOGY, INC reported the fiscal 2023 third quarter ended October 31, 2022 results: revenue $4.9 million, net income approximately $3.3 million, EPS $0.31 per share.
  - Period: the fiscal 2023 third quarter ended October 31, 2022
  - Revenue: $4.9 million
  - Net income: approximately $3.3 million
  - EPS: $0.31 per share
  - Result: reported results
  source text: announced financial results for its fiscal 2023 third quarter ended October 31, 2022. Revenues from Marine Technology Products sales for the third quarter of fiscal 2023 were $4.9 million, compared to $8.3 million in the third quarter of fiscal 2022. The Company reported a net loss from continuing operations for the third quarter of fiscal 2023 of approximately
  evidence_url: https://www.sec.gov/Archives/edgar/data/926423/000143774922028980/0001437749-22-028980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.