MIND Tech Q1 FY2025 net income $954K vs loss $240K YoY; backlog $31M up 72%

MIND TECHNOLOGY, INC

Revenue $9.7M, down 8.5% YoY from $10.6M; operating income $730K vs $419K.
Net income $954K vs loss $240K YoY; net income to common $7K vs loss $1.2M.
Adjusted EBITDA $1.5M vs $874K YoY; backlog $31M vs $18M a year ago.
Guidance: expects increased revenue and Adjusted EBITDA for FY2025 vs FY2024.

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