THE WOODLANDS, Texas, Nov. 26, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 third quarter ended October 31, 2024 after the market closes on Tuesday, December 10, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, December 11th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time. What: MIND Technology Fiscal 2025 Third Quart ...

THE WOODLANDS, Texas, Sept. 23, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has received an order for a GunLink source controller amounting to approximately $5.1 million. Subsequent to July 31, 2024, the Company has received orders totaling approximately $7.9 million. Mark Welker, Vice President of MIND and Seamap Managing Director, stated, "We are seeing strong demand for our GunLink source controllers. These most recent orders in ...

In the second quarter of fiscal 2025, MIND Technology, Inc. (MIND) incurred a net loss attributable to common shareholders of $0.1 million, translating to a loss of 11 cents per share. This figure is narrower than the previous year's loss of $2.4 million, or $1.74 per share. Revenues from continuing operations demonstrated significant growth, rising to approximately $10 million, up from $7.6 million in the second quarter of fiscal 2024. This revenue increase is a testament to the company's enhanced operatio ...

THE WOODLANDS, Texas, Sept. 11, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 second quarter ended July 31, 2024. Revenues from continuing operations for the second quarter of fiscal 2025 were approximately $10.0 million compared to approximately $7.6 million in the second quarter of fiscal 2024. The Company reported operating income from continuing operations of approximately $1.4 million for the second quarter of f ...

THE WOODLANDS, Texas, Sept. 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) announced that it has effected the conversion of all shares of its 9% Series A Cumulative Preferred Stock, $1.00 par value per share (the "Preferred Stock"), into the Company's common stock, $0.01 par value per share. On August 30, 2024 the Company's Board of Directors elected to proceed with filing the Certificate of Amendment, which provided for the conversion of each share of Preferre ...

THE WOODLANDS, Texas, Aug. 29, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today at 9:00 a.m., Central Time. The Special Meeting was held to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock, which provides that each share of Preferred Stock may be converted into 3.9 ...

THE WOODLANDS, Texas, Aug. 27, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 second quarter ended July 31, 2024 after the market closes on Wednesday, September 11, 2024. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, September 12th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time. What: MIND Technology Fiscal 2025 Second Quarter ...

Core Viewpoint - MIND Technology, Inc. is holding a virtual special meeting to approve an amendment allowing the conversion of its 9% Series A Cumulative Preferred Stock into common stock at the discretion of the Board of Directors [1][2] Group 1: Special Meeting Details - The virtual special meeting is scheduled for August 29, 2024, at 9:00 a.m. Central Time [1] - A new record date of July 16, 2024, has been established for eligible voters [1] - Preferred stockholders previously approved to adjourn the meeting to solicit additional proxies [1] Group 2: Proxy Statement and Voting - A revised proxy statement was filed with the SEC on July 22, 2024, and distributed to holders of record as of July 16, 2024 [2] - Previously voted proxies are no longer valid, and stockholders must vote again [3] - The company encourages all preferred stockholders to vote in favor of the Preferred Stock Proposal [3] Group 3: Company Overview - MIND Technology, Inc. provides technology to various industries, including oceanographic, hydrographic, defense, seismic, and security [4] - The company is headquartered in The Woodlands, Texas, with operations in the United States, Singapore, Malaysia, and the United Kingdom [4] - The Seamap unit of MIND designs and manufactures specialized marine exploration and survey equipment [4]

Core Insights - The focus on renewable energy projects, particularly offshore wind farms, presents a significant growth opportunity for MIND Technology, with its SeaLink technology being essential for safe and efficient installations [1] - Zacks Investment Research has initiated coverage of MIND Technology with a Neutral recommendation, highlighting both promising aspects and challenges for potential investors [2] - MIND Technology's strong client relationships, exemplified by an initial order from ATLAS ELEKTRONIK, emphasize the company's ability to secure repeat business, which is vital for long-term growth [3] Financial Performance - MIND Technology reported revenues of $9.7 million for the first quarter of fiscal 2025, reflecting an 8.7% decline compared to the previous year, indicating potential issues in sales performance and market demand [4] - The company's share price has faced downward pressure despite broader market gains, suggesting that the market is pricing in near-term challenges and uncertainties [5] - MIND Technology has a modest market capitalization of $6.8 million, indicating potential room for improvement if operational challenges are addressed [10] Market Position and Strategy - MIND Technology is strategically positioned in the marine seismic equipment market, which is expected to grow significantly, with operational bases in key global markets [7] - The company faces higher capital requirements due to rising accounts receivable and inventories, which could strain liquidity and lead to higher debt levels or equity dilution [8] - The competitive landscape of the marine seismic equipment market necessitates effective competition strategies to maintain market position [8] Investment Considerations - MIND Technology presents a nuanced investment case, with pioneering technologies and strong market presence tempered by financial fluctuations and competitive pressures [9]

THE WOODLANDS, Texas, July 11, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today and then further adjourned the meeting until Thursday, August 29, 2024 at 9:00 a.m. Central Time. The Special Meeting is being held to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock, w ...