---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010659"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-17T00:14:59.201847+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MIND Technology posts Q4 revenue $12.4M (up 230% YoY), returns to net income

## Summary
- Q4 revenue from Marine Technology Products $12.4M vs $3.8M YoY; net income from continuing ops $445K vs loss of $5.1M YoY.
- Adjusted EBITDA from continuing ops $1.4M vs loss of $4.5M YoY; backlog $20.7M (+58% YoY).
- New orders received totaling >$7M; cost reduction initiatives expected to save ~$1M annually.
- Non-dilutive $3.75M secured financing arranged in Feb 2023 to support backlog execution.
- Company expects revenue from continuing ops to improve in fiscal 2024 vs fiscal 2023.

## SEC filing metadata
- accession: 0001437749-23-010659
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774923010659/0001437749-23-010659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774923010659/mind20230103_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010659
- JSON: https://secwatch.observer/filing/0001437749-23-010659.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010659.txt

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