---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-025777"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:49:04.921159+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MIND Tech Q2 revenue $8.8M; sells Klein Marine for $11.5M; backlog rises to $17M

## Summary
- Revenue $8.8M vs $8.7M YoY; operating loss $1.5M vs $1.6M.
- Net loss from continuing ops $1.5M ($0.18 per share) vs $1.8M ($0.20).
- Adjusted EBITDA loss $687k vs $1.0M; backlog $17M, up from $14M a year ago.
- Sold Klein Marine to General Oceans for $11.5M cash; used proceeds to repay high-cost debt, now debt-free.
- Seamap unit contributed 86% of Q2 revenue; subsequent orders of $5.4M added.

## SEC filing metadata
- accession: 0001437749-23-025777
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2023-09-13T23:59:59+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/926423/000143774923025777/0001437749-23-025777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774923025777/mind20230621_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-025777
- JSON: https://secwatch.observer/filing/0001437749-23-025777.json
- Plain text: https://secwatch.observer/filing/0001437749-23-025777.txt

## Key facts
- Earnings Releases
  MIND TECHNOLOGY, INC reported its fiscal 2024 second quarter ended July 31, 2023 results: revenue $8.8 million, net income $1.5 million, EPS $0.18 per share.
  - Period: its fiscal 2024 second quarter ended July 31, 2023
  - Revenue: $8.8 million
  - Net income: $1.5 million
  - EPS: $0.18 per share
  - Result: reported results
  source text: MIND Technology, Inc. (NASDAQ: MIND) (“MIND” or the “Company”) today announced financial results for its fiscal 2024 second quarter ended July 31, 2023. Revenues from Marine Technology Products sales for the second quarter of fiscal 2024 were $8.8 million compared to $8.7 million in the second quarter of fiscal 2023. The Company reported operating loss of $1.5 million for the second quarter of fiscal 2024 compared to a loss of approximately $1.6 million in the second quarter of fiscal 2023. The net loss from continuing operations for the second quarter of fiscal 2024 was $1.5 million compared to a net loss from continuing operations of approximately $1.8 million in the second quarter of fiscal 2023. Second quarter of fiscal 2024 net loss attributable to common shareholders was $0.18 per share compared to $0.20 in the second quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/926423/000143774923025777/0001437749-23-025777-index.htm

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