
Company Overview - MIND Technology provides innovative solutions in exploration, survey, and defense sectors[7] - The company estimates a total serviceable market of US$1.3 Billion[9] - MIND aims to grow to US$140 million in revenue over 5 years with an EBITDA margin exceeding 20%[11] Market Trends and Strategies - The exploration market has an estimated serviceable market of $440 million per year[15] - The survey market has an estimated serviceable market of $150 million per year[18] - The defense market has an estimated serviceable market of $750 million per year[20] - The Unmanned Surface Vehicle (USV) market is estimated to grow to US$2.4 billion over the next 5 years[31] - The Autonomous Underwater Vehicle (AUV) market is experiencing annual growth of 21% over the next 5 years, increasing from $638 million to $1.6 billion[37] Financial Highlights - As of December 31, 2020, the company's market capitalization was $28.8 million, with preferred stock valued at $22.1 million[7] - The company has no funded debt[13, 59] - Revenue is projected to grow from $46.953 million in 2022 to $138.824 million in 2025[59]