secwatch.observer — SEC 8-K summary
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Issuer:     MIND TECHNOLOGY, INC (MIND)
CIK:        0000926423
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001437749-23-017272
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926423/000143774923017272/0001437749-23-017272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926423/000143774923017272/mind20230411_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-017272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer