---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017272"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:35:32.334698+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MIND Technology Q1 FY2024 revenue up 39% YoY to $12.6M; backlog reaches $22.6M

## Summary
- Revenue $12.6M, up 39% YoY from $9.1M; operating income $289k vs loss $2.5M last year.
- Net loss $240k ($0.09/share) vs net loss $2.4M ($0.24/share) in prior year.
- Adjusted EBITDA $913k vs loss of $1.9M in Q1 FY2023.
- Backlog $22.6M at quarter end, up 68% from $13.4M a year ago and up from $20.7M sequentially.
- Gross margin improved to 43% in Q1 FY2024 from 36% in prior quarter.

## SEC filing metadata
- accession: 0001437749-23-017272
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774923017272/0001437749-23-017272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774923017272/mind20230411_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017272
- JSON: https://secwatch.observer/filing/0001437749-23-017272.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017272.txt

## Key facts
- Earnings Releases
  MIND TECHNOLOGY, INC reported fiscal 2024 first quarter ended April 30, 2023 results: revenue $12.6 million, net income net loss of $240,000, EPS $0.09 per share.
  - Period: fiscal 2024 first quarter ended April 30, 2023
  - Revenue: $12.6 million
  - Net income: net loss of $240,000
  - EPS: $0.09 per share
  - Result: reported results
  source text: MIND Technology, Inc. (NASDAQ: MIND) (“MIND” or the “Company”) today announced financial results for its fiscal 2024 first quarter ended April 30, 2023. Revenues from Marine Technology Products sales for the first quarter of fiscal 2024 were $12.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/926423/000143774923017272/0001437749-23-017272-index.htm

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