secwatch.observer — SEC 8-K summary
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Issuer:     MIND TECHNOLOGY, INC (MIND)
CIK:        0000926423
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001437749-24-028976
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926423/000143774924028976/0001437749-24-028976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926423/000143774924028976/mind20240620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-028976

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer