Highest-materiality recent filing
Revenue $9.7M vs $7.9M a year ago; operating income $14K vs operating loss $658K a year ago.
MIND Tech Q3 revenue $9.7M, net income $62K; backlog drops to $7.2M
Revenue of $9.7M vs $13.6M prior quarter and $12.1M YoY; operating income $774K vs $2.7M prior quarter.
MIND Technology posts Q2 revenue $13.6M, net income $1.9M, reversing prior quarter loss
Revenue $13.6M, up from $7.9M Q1 and $10.0M year ago; operating income $2.7M.
MIND Technology authorizes $25M ATM and $4M share repurchase program
ATM program allows sale of up to $25M of common stock through Lucid Capital Markets LLC.
MIND Technology reports Q1 FY2026 revenue $7.9M, net loss $970K
Revenue $7.9M, down 18% YoY from $9.7M and down 47% sequentially from $15.0M.
MIND Tech Q4 rev $15.0M; net income $2.0M; retains Lucid for strategic alternatives
Q4 revenue $15.0M, up from $12.1M Q3 and $13.4M prior-year Q4; operating income $2.8M.
MIND Technology Q3 fiscal 2025 revenue up 143% YoY to $12.1M; net income $1.3M
Revenue $12.1M, +143% YoY from $5.0M; operating income $1.9M vs loss $1.5M.
MIND Technology posts Q2 revenue $10.0M, operating income $1.4M; backlog rises 54% to $26.2M
Revenue from continuing ops $10.0M (up from $7.6M YoY); operating income $1.4M vs loss $767K.
MIND Technology completes conversion of all Series A preferred shares to common stock
Each preferred share converted into 3.9 common shares effective Sept 4, 2024.
MIND shareholders approve conversion of preferred stock into common at 3.9:1 ratio
Preferred stockholders approved amendment to convert each Series A share into 3.9 common shares at Board's discretion.
MIND adjourns preferred stock meeting to Aug 29; new record date set after 40% share turnover
Special meeting adjourned to August 29, 2024, at 9:00 a.m. CT to vote on preferred stock conversion amendment.
MIND Tech Q1 FY2025 net income $954K vs loss $240K YoY; backlog $31M up 72%
Revenue $9.7M, down 8.5% YoY from $10.6M; operating income $730K vs $419K.
MIND Technology seeks preferred stock conversion amendment; special meeting June 13, 2024
Special meeting of preferred stockholders on June 13, 2024 to vote on amendment to Certificate of Designations.
MIND revises preferred stock conversion to 3.9 common shares; meeting rescheduled to June 13
Each preferred share convertible into 3.9 common shares (up from 2.7) at Board's discretion before July 31, 2024.
MIND Technology reports Q4 revenue $13.4M, first profitable fiscal year since 2014
Q4 revenue $13.4M, up 50% YoY from $8.9M; operating income $2.3M vs $595K.
Each share of 9% Series A Preferred would convert into 2.7 common shares at Board's discretion before July 31, 2024.
Board elected not to declare Q4 FY2024 dividend on 9.00% Series A Cumulative Preferred Stock.
MIND Technology Q3 rev $5.0M (+67% YoY); record backlog $37.4M; preferred dividend likely suspended
Revenue from continuing operations $5.0M, up from $3.0M YoY; operating loss improved to $1.5M from $2.9M.
MIND Technology regains Nasdaq minimum bid price compliance as of Nov 3
Received deficiency notice on July 27, 2022 for bid price below $1 for 30 consecutive days.
MIND Tech Q2 revenue $8.8M; sells Klein Marine for $11.5M; backlog rises to $17M
Revenue $8.8M vs $8.7M YoY; operating loss $1.5M vs $1.6M.
Stockholders approve reverse stock split; Nasdaq grants bid price exception until Nov 15
All six director nominees re-elected with votes ranging from 3.90M to 4.28M for each.
MIND sells Klein Marine Systems for $11.5M cash; repays high-cost debt, becomes debt-free
Sold Klein Marine Systems to General Oceans for $11.5M cash; deal closed Aug 21, 2023.
MIND Technology receives Nasdaq delisting notice over bid price; plans appeal and reverse split vote
Nasdaq notified MIND on July 25, 2023 that it failed to regain $1 minimum bid compliance during extended period.
MIND Technology Q1 FY2024 revenue up 39% YoY to $12.6M; backlog reaches $22.6M
Revenue $12.6M, up 39% YoY from $9.1M; operating income $289k vs loss $2.5M last year.
MIND Technology posts Q4 revenue $12.4M (up 230% YoY), returns to net income
Q4 revenue from Marine Technology Products $12.4M vs $3.8M YoY; net income from continuing ops $445K vs loss of $5.1M YoY.
MIND Tech transfers to Nasdaq Capital Market; gets 180-day extension on bid price rule
Approved transfer from Nasdaq Global Select to Nasdaq Capital Market effective Jan 26, 2023.
MIND Technology reports Q3 revenue down 41% to $4.9M, net loss $0.31/share
Revenue from Marine Technology Products $4.9M, down from $8.3M YoY.
MIND defers Series A Preferred dividend; backlog $19.3M, orders $29M+
Board elected not to declare Q3 FY2023 cash dividend on 9.00% Series A Cumulative Preferred Stock.
MIND Technology Q2 revenue $8.7M (+28% YoY); net loss narrows; backlog jumps to $19.3M
Revenue from Marine Technology Products $8.7M vs $6.8M in Q2 2021, up 28%.
Effective October 31, 2023, Nancy J. Harned resigned as a member of the Board of Directors (the “Board”) of MIND Technology, Inc., a Delaware corporation (the “Company”) and the committees of the Board on which she served.
Nancy J. Harned and Alan P. Baden were appointed to fill the vacancies on the Board.
Nancy J. Harned and Alan P. Baden were appointed to fill the vacancies on the Board.
Effective April 15, 2022 (the “Effective Date”), MIND Technology, Inc., a Delaware corporation (the “Company”) announced the resignation by mutual agreement of its Vice President and Chief Operating Officer, Dennis P. Morris.
Effective January 24, 2022, Marcus Rowland resigned as a member of the Board of Directors (the “Board”) of MIND Technology, Inc., a Delaware corporation (the “Company”) and the committees of the Board on which he served.
On August 5, 2021, Guy M. Malden, the Company’s Co-CEO and Executive Vice President of Marine Operations, informed the Company of his intention to retire effective December 31, 2021.
In addition, on August 5, 2021, the Board appointed Mark A. Cox as Chief Financial Officer of the Company effective immediately.
On August 5, 2021, in connection with Mr. Malden's retirement, the Company's Board of Directors (the "Board") appointed Robert P. Capps as sole Chief Executive Officer and President of the Company effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event other_material