MIND Technology reports Q4 revenue $13.4M, first profitable fiscal year since 2014

MIND TECHNOLOGY, INC

Q4 revenue $13.4M, up 50% YoY from $8.9M; operating income $2.3M vs $595K.
Net income $1.4M; EPS to common shareholders $0.35 vs loss of $0.20 in Q4 FY2023.
Full-year FY2024: operating income $518K vs loss $5.6M in FY2023; first profitable year since 2014.
Backlog $38.4M at Jan 31, 2024, up 145% YoY from $15.7M; CEO expects revenue growth in FY2025.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MIND TECHNOLOGY, INC reported fiscal 2024 fourth quarter and year ended January 31, 2024 results: revenue approximately $13.4 million, net income approximately $1.4 million, EPS $0.35 per share.

Period: fiscal 2024 fourth quarter and year ended January 31, 2024
Revenue: approximately $13.4 million
Net income: approximately $1.4 million
EPS: $0.35 per share
Result: reported results

Exact text from the filing

results for its fiscal 2024 fourth quarter and year ended January 31, 2024 . Revenues from continuing operations for the fourth quarter of fiscal 2024 were approximately $13.4 million compared to $5.0 million in the third quarter of fiscal 2024 and $8.9 million in the fourth quarter of fiscal 2023. The Company reported operating income from continuing

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Source: SEC EDGAR

accession 0001437749-24-013752

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