MIND Technology posts Q2 revenue $10.0M, operating income $1.4M; backlog rises 54% to $26.2M

MIND TECHNOLOGY, INC

Revenue from continuing ops $10.0M (up from $7.6M YoY); operating income $1.4M vs loss $767K.
Net loss attributable to common shareholders $149K (-$0.11/shr) vs loss $2.4M (-$1.74/shr) YoY.
Adjusted EBITDA from continuing ops $1.8M vs loss $120K in prior year.
Backlog of Marine Tech Products $26.2M vs $17.0M a year ago, up 54%.
Preferred stock converted to common; management expects FY2025 revenue growth and profitability.

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