UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-13490 MIND Technology, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0210849 (State or other jurisdiction of incorporatio ...

Shares of MIND Technology, Inc. (MIND) have gained 24.5% since the company reported its earnings for the quarter ended Jan. 31, 2025. This compares to the S&P 500 index’s 4.3% growth over the same time frame. Over the past month, the stock has gained 5.2% against the S&P 500’s 5.8% decline.For the fourth quarter of fiscal 2025, MIND Technology reported net income of 25 cents per share compared to 35 cents per share in the prior-year quarter. (See the Zacks Earnings Calendar to stay ahead of market-making ne ...

Financial Data and Key Metrics Changes - MIND Technology reported record fiscal 2025 results with fourth quarter revenues of $15 million, up 12% year-over-year and 24% sequentially [20][26] - Full year revenue reached approximately $46.9 million, representing a 28% increase over the previous year, marking the highest annual revenue for the Seamap business [27] - Gross profit for the full year was approximately $21 million, a 31% increase compared to fiscal 2024, resulting in a gross profit margin of approximately 45% [28] - Operating income for the fourth quarter was approximately $2.8 million, compared to $2.3 million in the same quarter of 2024, with full year operating income of $6.8 million, an increase of approximately $6.3 million from 2024 [31] - Net income from continuing operations for the fourth quarter was $2 million, improving 36% from the same quarter a year ago, while total net income for 2025 was approximately $5.1 million compared to a loss of $1.1 million in 2024 [32] Business Line Data and Key Metrics Changes - Marine Technology product revenues for the fourth quarter were $15 million, and for the full fiscal year, they totaled $46.9 million, both showing significant growth [20][26] - Approximately 40% of revenue comes from aftermarket activities, which are expected to grow as the installed base of Seamap products expands [17] Market Data and Key Metrics Changes - The general market conditions within the Marine Technology space remain strong, with numerous opportunities and inquiries being fielded [22] - The company has a backlog of approximately $16 million entering fiscal 2026, with additional orders received post-year-end supporting this backlog [13][14] Company Strategy and Development Direction - MIND Technology aims to enhance its scale and is exploring various strategic alternatives, including organic growth opportunities and potential acquisitions [40][41] - The company is focused on optimizing its supply chain and improving operational efficiencies to drive revenue improvements [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued success, citing improved liquidity and a strong demand environment [11][12] - The company anticipates fluctuations in quarterly revenue but believes it is strategically positioned for growth and profitability in the coming periods [12][46] - Management noted that the majority of revenues are generated from international markets, reducing the impact of U.S. trade tariffs [38][39] Other Important Information - The company has retained Lucid Capital Markets to assist in identifying and analyzing growth opportunities [42] - A shelf registration statement will be filed with the SEC to provide financial flexibility for future growth opportunities [43] Q&A Session Summary Question: Discussion on pipeline and backlog - Management confirmed confidence in future orders not yet in backlog due to ongoing negotiations with customers [56][58] Question: Shelf registration and historical context - Management clarified that the shelf registration is a common practice and a return to normalcy after previous restrictions [61][62] Question: Growth targets and capacity - Management indicated substantial capacity for growth exists, with a focus on achieving greater scale [63][64] Question: Order book outlook and industry trends - Management highlighted opportunities in ocean bottom mapping and other applications beyond traditional energy exploration [81][84] Question: Defense market engagement - Management acknowledged past pauses in defense market efforts but expressed hope for re-engagement [88][89] Question: Overall expectations for fiscal 2026 - Management expects marginally better performance in fiscal 2026 compared to fiscal 2025, with a focus on maintaining margins [93][94]

Exhibit 99.1 NEWS RELEASE Contacts: Rob Capps, President & CEO MIND Technology, Inc. 281-353-4475 Ken Dennard / Zach Vaughan 713-529-6600 MIND@dennardlascar.com MIND TECHNOLOGY, INC. REPORTS FISCAL 2025 FOURTH QUARTER AND YEAR-END RESULTS THE WOODLANDS, TX – April 22, 2025 – MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 fourth quarter and year ended January 31, 2025. Management has scheduled a conference call for Tuesday, April 22, 2025 ...

Mind Technologies ( MIND ) reports on April 22 and investors will be taking notice. Its last earnings call back in early December was impressive. Comparative quarter revenues (yr-over-yr) jumped from $4.9 million to $12.1 million. Net income from continued operations went from a loss of $1.7Sean Daly writes on ETFs, biotech and FINTECH solutions in the banking space. He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 200 ...

THE WOODLANDS, Texas, April 3, 2025 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 fourth quarter and full year ended January 31, 2025 after the market closes on Tuesday, April 22, 2025.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, April 23rd at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.  What: MIND Technology Fiscal 2025 F ...

Core Viewpoint - MIND Technology, Inc. has experienced a significant share price increase of 90.8% over the past six months, outperforming the industry and key competitors, driven by software-driven revenue growth and strong market demand in offshore wind and carbon capture sectors [1][10]. Group 1: Business Operations - MIND Technology provides advanced solutions across various sectors, including oceanographic, hydrographic, defense, seismic, and maritime security, with operations in the U.S., Singapore, Malaysia, and the U.K. [2] - The company's core business, Seamap Marine Products, focuses on designing and distributing marine seismic equipment, serving a diverse clientele including marine survey firms and government agencies [2]. Group 2: Revenue Growth - For the nine months ending October 31, 2024, MIND's revenues reached $31.8 million, marking a 37.6% increase from $23.1 million the previous year, driven by rising energy exploration and alternative energy market activities [3]. - The company's backlog of firm orders was approximately $26.2 million as of October 31, 2024, indicating strong future revenue visibility [3]. Group 3: Profitability and Cost Control - Gross profit for the nine months ending October 31, 2024, increased to $14.4 million, with gross margins improving to 45% from 42% the previous year, attributed to price increases and enhanced production efficiencies [4][5]. - Operating income reached $4 million, a significant improvement from a loss of $1.8 million in the prior year, aided by a 9.3% reduction in selling, general, and administrative expenses [5]. Group 4: Strategic Initiatives - MIND's focus on software-driven revenue streams, particularly the Spectral Ai software suite, has received positive feedback and is expected to drive recurring revenue through licensing agreements [6]. - The adaptation of SeaLink technology for hydrographic surveys expands the company's market potential, aligning with industry trends for cost-effective solutions [6]. Group 5: Financial Position - Following the conversion of preferred stock into common stock in September 2024, MIND's financial flexibility improved, eliminating preferred dividends and strengthening the balance sheet [7]. - As of October 31, 2024, working capital was approximately $21.2 million, with cash and cash equivalents of $3.5 million, and the company remains debt-free [7]. Group 6: Valuation - MIND Technology is currently trading at 0.15X trailing 12-month EV/sales, significantly below the industry average of 7.17X and lower than peers like Byrna Technologies and LiveRamp, indicating a potential investment opportunity [9]. Group 7: Conclusion - MIND's revenue growth, improved margins, and strategic initiatives position the company for sustained growth despite competitive pressures, with a strong backlog providing visibility into future performance [10][11].

Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and market outperformance [1]. Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1]. - The analyst has a history of advising investors to buy at market lows, specifically mentioning a recommendation in March 2009 during the financial crisis, which led to significant market gains [1]. Group 2: Market Performance - From 2009 to 2019, the S&P 500 increased by 367%, while the Nasdaq saw an increase of 685%, highlighting the potential for substantial returns in the stock market [1]. Group 3: Investor Guidance - The article aims to assist investors in making money through investments in high-quality growth stocks, indicating a commitment to guiding investors towards profitable opportunities [1].

Cash Flow Club is an investment club focusing on the idea that cash flow is king. We search for companies with solid and preferably growing cash flows. We also look for solid management with good alignment and capital allocation skills.Darren McCammon was a Director of Financial Planning and Analysis with decades of experience, holds a BA in Economics and an MBA. Currently he runs the investing group Cash Flow Club along with junior analyst and engineer by trade Jonathan Weber.Analyst’s Disclosure: I/we hav ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |------------------------------------------------------------------------------------------------------------------------ ...