---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034337"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:55:33.629661+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MIND Technology Q3 rev $5.0M (+67% YoY); record backlog $37.4M; preferred dividend likely suspended

## Summary
- Revenue from continuing operations $5.0M, up from $3.0M YoY; operating loss improved to $1.5M from $2.9M.
- Net loss from continuing ops $1.7M ($0.27/sh) vs $2.9M ($4.34/sh); net income of $568k included $2.4M Klein sale gain.
- Seamap backlog record $37.4M at Oct 31, up from $14.0M a year ago and $17.0M at July 31.
- Post-quarter, entered framework supply agreement with a major international seismic contractor; expects initial orders soon.
- CEO says preferred dividends unlikely for foreseeable future as current operations cannot fund both growth and dividends.

## SEC filing metadata
- accession: 0001437749-23-034337
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/926423/000143774923034337/0001437749-23-034337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774923034337/mind20230921_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034337
- JSON: https://secwatch.observer/filing/0001437749-23-034337.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034337.txt

## Key facts
- Earnings Releases
  MIND TECHNOLOGY, INC reported the fiscal quarter ended October 31, 2023 results: revenue $5.0 million, net income approximately $568,000.
  - Period: the fiscal quarter ended October 31, 2023
  - Revenue: $5.0 million
  - Net income: approximately $568,000
  - Result: reported results
  source text: $2.4 million from the sale of the Company's Klein Marine Systems segment. Revenues from continuing Marine Technology Products sales for the third quarter of fiscal 2024 were $5.0 million compared to $3.0 million in the third quarter of fiscal 2023. The Company reported an operating loss from continuing operations of $1.5 million for the third quarter of fiscal
  evidence_url: https://www.sec.gov/Archives/edgar/data/926423/000143774923034337/0001437749-23-034337-index.htm

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