Revenue Growth - Marine Technology Products segment revenue increased to $5.98 million for the three months ended April 30, 2019, compared to $3.71 million for the same period in 2018, representing a growth of 61.1%[74] - Total revenues for the three months ended April 30, 2019, were approximately $9.86 million, up from $7.61 million in the same period of 2018, marking an increase of 29.6%[90] - Revenues from international customers totaled approximately $7.7 million for the three months ended April 30, 2019, representing 78% of consolidated revenues, compared to $6.8 million or 89% in 2018[88] - The Equipment Leasing segment generated $3.94 million in revenue for the three months ended April 30, 2019, down from $4.05 million in the same period of 2018, a decrease of 2.7%[74] - Equipment leasing revenues rose by approximately 25% to $3.38 million in Q1 2020 from $2.70 million in Q1 2019[94] Profitability - The gross profit for the Marine Technology Products segment was $2.47 million for the three months ended April 30, 2019, compared to $1.48 million in 2018, reflecting a 66.7% increase[74] - Gross profit for Seamap products was $2.0 million with a gross profit margin of 46% in Q1 2020, compared to $908,000 and 52% in Q1 2019[91] - Adjusted EBITDA for the three months ended April 30, 2019, was $61, compared to a loss of $1.48 million in the same period of 2018, indicating a substantial improvement[75] Order Backlog - The backlog of firm orders for the Marine Technology Products segment was approximately $11.0 million as of April 30, 2019, significantly up from $2.7 million a year earlier[85] Operating Loss and Expenses - Operating loss decreased to approximately $2.46 million for the three months ended April 30, 2019, from a loss of $5.57 million in the same period of 2018, a reduction of 55.8%[90] - General and administrative expenses decreased by approximately $400,000 to $5.2 million in Q1 2020 compared to $5.6 million in Q1 2019[96] Cash Flow and Working Capital - Net cash used in operating activities improved to $1.85 million in Q1 2020 from $3.37 million in Q1 2019[103] - Cash provided from investing activities increased to $603,000 in Q1 2020, compared to a cash outflow of $1.68 million in Q1 2019[104] - As of April 30, 2019, the company had working capital of approximately $27.0 million, a decrease from $28.8 million at January 31, 2019[102] Tax and Debt - The company recorded a tax provision of approximately $55,000 for Q1 2020, down from $437,000 in Q1 2019 despite losses before income taxes in both periods[99] - As of April 30, 2019, the company had no interest-bearing bank debt on its balance sheet[113] Currency Impact - A 10% increase in the U.S. dollar compared to Canadian and British pound sterling would result in a loss of approximately $210,000 in the U.S. dollar value of deposits[111] - Approximately 5% of the company's net assets as of April 30, 2019, were impacted by changes in foreign currencies in relation to the U.S. dollar[112] Internal Controls - The company's disclosure controls and procedures were deemed effective as of April 30, 2019, at the reasonable assurance level[113] - There were no changes in the internal control over financial reporting during the quarter ended April 30, 2019, that materially affected the internal control[114] Future Outlook - The introduction of the new MA-X technology by Klein is expected to increase coverage rate and survey efficiency by 40%, enhancing revenue potential[83] - The company anticipates increasing revenues from the SeaLink product line in fiscal 2020 and beyond, with production facilities expected to operate near capacity[81]

Mitcham Industries, Inc. (NASDAQ:MIND) Q1 2020 Results Earnings Conference Call June 6, 2019 9:00 AM ET Company Participants Ken Dennard - Dennard Lascar IR Guy Malden - Co-CEO and EVP Robert Capps - Co-CEO and CFO Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Operator Greetings, and welcome to the Mitcham Industries Fiscal 2020 First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to intro ...

Table of Contents Index to Financial Statements 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, 2019 or ☐ 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 Mitcham Industries, Inc. (Exact name of registrant as specified in its charter) Texas 76-0 ...

Mitcham Industries, Inc. (NASDAQ:MIND) Q4 2018 Earnings Conference Call April 4, 2019 8:30 AM ET Company Participants Jack Lascar - President and MD, Dennard Lascar, IR Guy Malden - EVP and Co-CEO Robert Capps - Co-CCEO, EVP and CFO Conference Call Participants Tyson Bauer - Kansas City Capital Ross Taylor - ARS Investment Partners Operator Greetings, and welcome to the Mitcham Industries Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructio ...

FOLLOW: @Nobleconference | @channelchek Channelchek Mitcham Industries, Inc. MITCHAM INDUSTRIES, INC. Forward-Looking Statement Certain statement and information in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," or other similar expressions are intended to identify forward-looking statements, which are generally not h ...