MIND Technology Q2 FY27 revenue falls 59% to $5.6M; net loss $1.7M

MIND TECHNOLOGY, INC

Revenue $5.6M, down 59% YoY from $13.6M; operating loss $1.8M vs income $2.7M.
Net loss $1.7M ($0.19 loss/share) vs net income $1.9M ($0.24/share) in Q2 FY26.
Adjusted EBITDA -$949K vs +$3.1M in prior-year quarter; shares outstanding 9.089M.
Seamap backlog $4.8M at July 31, 2026, down from $7.6M at April 30 and $12.8M year ago.
Debt-free with $15.8M cash; after-market business contributed ~87% of revenue.

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