---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037259"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:54:23.741961+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MIND Tech Q3 revenue $9.7M, net income $62K; backlog drops to $7.2M

## Summary
- Revenue of $9.7M vs $13.6M prior quarter and $12.1M YoY; operating income $774K vs $2.7M prior quarter.
- Net income attributable to common $62K ($0.01 per share) vs $1.9M ($0.24) prior quarter and $15.7M ($2.87) YoY.
- Adjusted EBITDA $1.3M vs $3.1M prior quarter and $2.0M YoY; after-market activity 64% of YTD revenue.
- Backlog $7.2M at Oct 31, down from $12.8M in Jul; subsequent orders of $9.5M received after quarter end.
- Raised $11M via ATM; ended quarter with $19.4M cash and $36M working capital ($4.00 per share).

## SEC filing metadata
- accession: 0001437749-25-037259
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774925037259/0001437749-25-037259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774925037259/mind20250917_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037259
- JSON: https://secwatch.observer/filing/0001437749-25-037259.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037259.txt

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