secwatch.observer — SEC 8-K summary
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Issuer:     MIND TECHNOLOGY, INC (MIND)
CIK:        0000926423
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001437749-25-037259
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926423/000143774925037259/0001437749-25-037259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926423/000143774925037259/mind20250917_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037259

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