Financial Data and Key Metrics Changes - Revenues from continuing operations totaled $4.9 million in Q3 2023, a 41% decrease compared to $8.3 million in the same period last year [12] - Gross profit from continuing operations was $1.5 million, down approximately 53% year-over-year, resulting in a gross profit margin of approximately 31%, down from 38% in the prior year [12][13] - Net loss from continuing operations for Q3 2023 was $3.3 million, compared to a $2.1 million loss in Q3 2022 [15] - Adjusted EBITDA from continuing operations was a loss of $2.7 million, compared to a loss of $1.3 million in Q3 2022 [15] Business Line Data and Key Metrics Changes - The exploration market is experiencing strong order flow, driven by sustained global energy prices, with customers looking to expand their fleets [8] - The marine survey business has seen increased interest due to higher energy prices, particularly for offshore wind farms [9] - Increased order activity for maritime security and surveillance technology, particularly for multi-beam side scan sonar systems, has been noted [10] Market Data and Key Metrics Changes - The backlog as of October 31, 2022, was approximately $19.9 million, up over 50% from $13.1 million at the end of fiscal 2022 [11] - The company is experiencing positive momentum in various markets, supported by favorable macroeconomic conditions [11] Company Strategy and Development Direction - The company aims to capitalize on favorable market trends in exploration, defense, and survey sectors [8] - There is a focus on developing synthetic aperture sonar and passive sonar arrays as part of strategic initiatives [14] - The company anticipates generating revenue of between $12 million and $14 million in Q4 2023, expecting to return to profitability [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges such as supply chain issues and evolving delivery requirements but remains optimistic about future growth [20] - The company is working to address liquidity challenges and aims to resume preferred stock dividend payments in the future [21] - Management believes that the fourth quarter will demonstrate profitability and that positive market trends will continue into fiscal 2024 [22] Other Important Information - The company has no funded debt or outstanding obligations aside from normal trade obligations, with a working capital of approximately $12.8 million and cash of approximately $812,000 as of October 31, 2022 [17] Q&A Session Summary Question: Should Q3 and Q4 be viewed as a composite for a better understanding of the company's position? - Management indicated that while there is some overlap, Q4 is expected to show an increase in revenue beyond the Q3 levels [29] Question: What is the anticipated impact of the joint venture partner in Europe on revenue? - Management is cautious but optimistic about the significant return expected from the joint venture [32] Question: What is the outlook for cash and liquidity by the end of the fiscal year? - Management refrained from projecting cash balances but noted ongoing deliveries and efforts to improve liquidity [35] Question: Why is there a lack of insider buying despite the low stock price? - Management acknowledged some insider buying earlier in the year but noted restrictions on trading due to non-public information [50] Question: How long will it take to reach the $100 million revenue run rate? - Management suggested it may take until the year after next to reach the $100 million target, emphasizing the need for growth to compound [52]

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 July 31, 2022 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: 001-13490 MIND TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 76-0210849 (State ...

Financial Data and Key Metrics Changes - Revenues for Q2 2023 were approximately $8.7 million, representing a 28% increase compared to $6.8 million in Q2 2022, but slightly below Q1 2023 revenues of $9.1 million [10][16] - Operating loss improved to approximately $1.6 million from $2.6 million in Q2 2022 and $2.5 million in Q1 2023 [10] - Gross profit for Q2 2023 was $3.5 million, up approximately 59% year-over-year, resulting in a gross profit margin of approximately 40%, an increase from 33% in the prior year [16] - Net loss from continuing operations was $1.7 million compared to a loss of $2.7 million in Q2 2022 [18] - Adjusted EBITDA from continuing operations was a loss of $1 million, an improvement from a loss of $1.8 million in Q2 2022 [18] Business Line Data and Key Metrics Changes - The marine seismic industry is experiencing robust order activity due to sustained global energy prices, positively impacting the exploration business [11] - Increased interest in alternative energy, particularly offshore wind farms, is driving demand in the marine survey business [11] - The company has seen heightened order activity for maritime security technology, particularly in response to global geopolitical tensions [14] Market Data and Key Metrics Changes - Backlog as of July 31, 2022, was approximately $19.3 million, up from $13.1 million at the beginning of the fiscal year [12] - The company is experiencing positive momentum across its three key markets: exploration, defense, and survey [12] Company Strategy and Development Direction - The company aims to capitalize on market trends driven by high energy prices and geopolitical factors, focusing on expanding its product offerings in marine seismic, survey, and defense sectors [11][12] - Management is optimistic about the potential for growth in the second half of fiscal 2023, expecting improved financial performance [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges such as supply chain issues and changing delivery requirements but remains confident in the company's position and market trends [22] - The expectation is for a fall-off in Q3 revenues compared to Q2, but significant improvement is anticipated in Q4, potentially leading to profitability [21][22] Other Important Information - The company deferred payment of dividends on preferred stock to preserve financial flexibility, with plans to resume payments in the future [23] - The company has no funded debt or outstanding obligations aside from normal trade obligations, maintaining a largely variable cost structure [19] Q&A Session Summary Question: Revenue expectations for the year - Management maintains revenue expectations of approximately $30 million to $40 million for the year, with the second half expected to outperform the first [29][30] Question: Cash management for large orders - Management is focused on managing liquidity and working capital, exploring options such as pre-payments and monetizing non-strategic assets to fulfill large orders [32][34] Question: European joint venture status - The joint venture is expected to contribute more in the next fiscal year, with some benefits already being realized from the geopolitical situation [37][39] Question: Backlog and future orders - The backlog of $19.3 million is expected to cover the majority of revenue targets for the fiscal year, with additional high-confidence opportunities being pursued [40][41] Question: Transition to profitability - Management believes that the second half of the fiscal year could lead to profitability, setting the stage for a higher base level of business going forward [53][54]

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 April 30, 2022 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: 001-13490 MIND TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 76-0210849 (State ...

MIND Technology, Inc. (NASDAQ:MIND) Q1 2023 Earnings Conference Call June 9, 2022 9:00 AM ET Company Participants Ken Dennard - IR Rob Capps - President & CEO Mark Cox - Vice President & CFO Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Partners Operator Greetings. Welcome to the MIND Technology Fiscal 2023 First Quarter Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Ope ...

Table of Contents 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, 2022 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 MIND Technology, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0210849 (State or other jurisdi ...

MIND Technology, Inc. (NASDAQ:MIND) Q4 2022 Earnings Conference Call April 21, 2022 9:00 AM ET Company Participants Zach Vaughan - Dennard Lascar Investor Relations Rob Capps - President and CEO Mark Cox - Vice President and CFO Conference Call Participants Tyson Bauer - KC Capital Ross Taylor - ARS Investment Partners Operator Greetings. And welcome to the MIND Technologies??? Fourth Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Table of Contents (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, 2021 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: 001-13490 MIND TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 76-0210849 (Sta ...

MIND Technology, Inc. (NASDAQ:MIND) Q3 2022 Results Earnings Conference Call December 9, 2021 9:00 AM ET Company Participants Ken Dennard - Investor Relations Rob Capps - President and Chief Executive Officer Conference Call Participants Tyson Bauer - KC Capital Operator Greetings. Welcome to the MIND Technologies??? Third Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As ...

For the quarterly period ended July 31, 2021 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: 001-13490 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (281) 353-4475 MIND TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 76-0 ...