MIND Technology, Inc.
Description
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications. The company also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.
About
CEO
Mr. Robert P. Capps CPA
Employees
145
Instrument type
Common Stock
Sector
Technology
Industry
Scientific & Technical Instruments
MIC code
XNCM
Address
2002 Timberloch Place, The Woodlands, TX 77380, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 8, 2025 | — | — | — | — |
| Sep 9, 2025 | — | — | — | — |
| Jun 10, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Dec 11, 2024 | 0.13 | 0.17 | 0.04 | 30.77% |
Earnings estimate
|
Current Quarter
(Jan 2025)
|
Next Quarter
(Apr 2025)
|
Current Year
(Jan 2025)
|
Next Year
(Jan 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 0 | 1 | 1 |
| Average estimate | 0.18 | 0.00 | 0.56 | 0.77 |
| Low estimate | 0.18 | 0.00 | 0.56 | 0.77 |
| High estimate | 0.18 | 0.00 | 0.56 | 0.77 |
| Last year EPS | 0.39 | 0.01 | -3.48 | 0.56 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Jan 2025)
-53.480%
Next qtr. (Apr 2025)
—
Current year (Jan 2025)
116.110%
Next year (Jan 2026)
37.500%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total reported revenue | 36.51M | 25.01M | 23.11M | 21.22M | 29.92M |
| Cost of revenue | 20.54M | 15.06M | 17.09M | 13.91M | 16.97M |
| Gross profit | 15.97M | 9.95M | 6.02M | 7.31M | 12.95M |
| Operating expense | |||||
| Research & development | 2.13M | 1.37M | 3.60M | 3.00M | 1.85M |
| Selling general and admin | 12.14M | 12.88M | 14.76M | 12.65M | 14.14M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 518,000 | -5.65M | -14.54M | -11.80M | -5.53M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | -280,000 | 256,000 | 926,000 | -1.67M | -660,000 |
| Pretax income | 238,000 | -5.39M | -13.62M | -13.47M | -6.19M |
| Tax provision | 1.34M | 699,000 | -39,000 | 536,000 | 353,000 |
| Net income | 274,000 | -8.83M | -15.09M | -20.31M | -11.29M |
| Basic EPS | -2.50 | -9.20 | -13.10 | -18.00 | -11.00 |
| Diluted EPS | -2.50 | -9.20 | -13.10 | -18.00 | -11.00 |
| Basic average shares | 1.41M | 1.38M | 1.38M | 1.25M | 1.21M |
| Diluted average shares | 1.41M | 1.38M | 1.38M | 1.25M | 1.21M |
| EBITDA | 2.03M | -3.76M | -12.33M | -4.64M | 3.00M |
| Net income from continuing op. | 274,000 | -8.83M | -15.09M | -20.31M | -11.29M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total assets | 33.49M | 32.86M | 42.02M | 39.76M | 58.23M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 5.29M | 778,000 | 5.11M | 4.61M | 3.09M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 6.57M | 3.25M | 8.13M | 4.75M | 6.62M |
| Other receivables | — | — | — | — | — |
| Inventory | 13.37M | 11.03M | 14.01M | 11.45M | 12.66M |
| Prepaid assets | — | — | 1.84M | 1.66M | 1.99M |
| Restricted cash | — | — | — | — | 144,000 |
| Assets held for sale | — | 5.78M | 159,000 | 4.32M | 14.91M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 3.11M | 1.40M | 1.84M | 1.66M | 1.99M |
| Non current assets | |||||
| Properties | — | 1.75M | 6.39M | 7.44M | 10.64M |
| Land and improvements | 997,000 | 997,000 | 4.56M | 4.35M | 4.27M |
| Machinery furniture equipment | 9.16M | 9.08M | 14.24M | 10.24M | 9.86M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -9.33M | -9.12M | -14.52M | -15.81M | -17.05M |
| Goodwill | 2.89M | 3.63M | 6.02M | 6.75M | 13.20M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 2.89M | 3.63M | 6.02M | 6.75M | 8.14M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 122,000 | 4.29M | 650,000 | — | 832,000 |
| Total liabilities | 10.85M | 9.81M | 11.76M | 9.35M | 10.58M |
| Current liabilities | |||||
| Accounts payable | 1.62M | 2.49M | 2.05M | 1.70M | 1.77M |
| Accrued expenses | 1.31M | 690,000 | 1.46M | 1.55M | 774,000 |
| Short term debt | 751,000 | 903,000 | 869,000 | 1.01M | 1.34M |
| Deferred revenue | 3.65M | 359,000 | 2.83M | 692,000 | 970,000 |
| Tax payable | 2.11M | 1.49M | 837,000 | 562,000 | 316,000 |
| Pensions | — | — | — | — | — |
| Other current liabilities | 832,000 | 2.99M | 1.71M | 2.33M | 3.28M |
| Non current liabilities | |||||
| Long term debt | 573,000 | 846,000 | 966,000 | 1.31M | 961,000 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | 29,000 | 92,000 | 198,000 | 200,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | 967,000 |
| Shareholders equity | |||||
| Common stock | 14,000 | 16,000 | 157,000 | 157,000 | 141,000 |
| Retained earnings | -128.31M | -127.64M | -117.86M | -99.87M | -77.31M |
| Other shareholders equity | 34,000 | 34,000 | -1.88M | -4.36M | -4.39M |
| Total shareholders equity | 22.64M | 23.05M | 30.26M | 30.42M | 47.65M |
| Additional paid in capital | 113.12M | 129.72M | 128.93M | 128.24M | 123.96M |
| Treasury stock | — | 16.86M | 16.86M | 16.86M | 16.86M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 274,000 | -8.83M | -15.09M | -20.31M | -11.29M | -19.84M | -21.07M | -33.15M | -38.74M | -9.19M | 4.77M | 17.05M | 24.32M | 4.73M | 520,000 | 9.07M | 11.44M | 9.29M | 10.86M | 2.13M | -6.29M | -7.68M | -8.46M | -2.95M | -4.86M | -8.50M | 6.40M | 2.70M | 1.70M | 1.00M |
| Depreciation | 1.52M | 1.89M | 2.21M | 4.63M | 7.77M | 11.81M | 16.64M | 28.28M | 32.11M | 36.99M | 31.04M | 34.94M | 28.77M | 22.72M | 18.74M | 16.53M | 11.88M | 8.92M | 8.96M | 10.60M | 13.96M | 14.68M | 16.02M | 13.12M | 9.85M | 12.40M | 6.60M | 3.10M | 1.30M | 400,000 |
| Deferred Taxes | -153,000 | -62,000 | -106,000 | 32,000 | 553,000 | 1.20M | 162,000 | 934,000 | 10.31M | -3.24M | -2.17M | -9.51M | 312,000 | -6,000 | -120,000 | 1.20M | — | — | — | — | — | — | 2.71M | -4,000 | — | -6.90M | 800,000 | 600,000 | 300,000 | — |
| Stock-Based Compensation | 261,000 | 654,000 | 643,000 | 708,000 | 854,000 | 781,000 | 903,000 | 737,000 | 1.29M | 1.30M | 1.14M | 1.59M | 1.33M | 1.10M | 1.40M | 2.19M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | 1.63M | — | 1.86M | — | — | — | — | — | — | — | — | 597,000 | 2.11M | 1.60M | 2.45M | 2.66M | -873,000 | — | -13,000 | — | -228,000 | — | — | — | — | 100,000 | -200,000 | -100,000 | — |
| Accounts Receivable | -3.32M | 4.86M | -3.25M | 4.70M | -2.05M | 952,000 | 4.41M | 7.35M | -238,000 | 605,000 | -9.14M | 6.61M | -16.69M | -1.45M | -5.00M | -1.31M | -4.45M | -6.78M | -808,000 | -1.59M | -3.68M | 2.11M | 2.73M | -1.84M | 228,000 | 6.00M | -9.30M | -2.30M | -700,000 | -1.40M |
| Accounts Payable | -334,000 | 775,000 | 713,000 | -2.51M | -178,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 112,000 | -3.31M | -1.16M | 2.40M | -2.83M | -3.24M | 746,000 | 1.41M | -573,000 | 4.68M | 379,000 | -6.00M | -82,000 | 2.30M | 950,000 | -1.19M | 3.77M | -4.79M | -329,000 | 337,000 | 647,000 | -330,000 | 1.18M | 1.42M | -1.43M | — | -1.40M | 100,000 | -200,000 | 400,000 |
| Operating Cash Flow | -1.64M | -2.40M | -16.03M | -8.48M | -7.17M | -8.33M | 1.78M | 5.55M | 4.17M | 31.14M | 26.01M | 44.68M | 38.57M | 31.51M | 18.10M | 28.93M | 25.29M | 5.76M | 18.68M | 11.46M | 4.64M | 8.56M | 14.18M | 9.76M | 3.78M | 3.00M | 3.20M | 4.00M | 2.30M | 400,000 |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -241,000 | -570,000 | -834,000 | 1.81M | -2.33M | 3.13M | 9.00M | 4.41M | -269,000 | -16.74M | -37.21M | -34.25M | -57.16M | -30.65M | -23.87M | -29.43M | -27.37M | -10.25M | -3.75M | -348,000 | 362,000 | -4.75M | -13.46M | -23.57M | -10.88M | -18.20M | -24.40M | 2.40M | 400,000 | — |
| Net Intangibles | -49,000 | -12,000 | — | -366,000 | — | — | — | — | — | — | — | — | — | — | — | 1.68M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 10.83M | — | 761,000 | 257,000 | 239,000 | -147,000 | — | — | -10.00M | -14.50M | — | — | — | -2.10M | — | — | -3.78M | -1.00M | -2.54M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -6.00M | — | — | — | — | — | — | — | -20.00M | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.55M | 3.45M | — | — | — | 7.09M | 6.73M | 3.52M | 2.70M | — | — | — | — |
| Investing Cash Flow | 11.07M | 482,000 | 5.36M | 3.57M | -2.09M | -15,000 | 9.00M | 4.41M | -10.27M | -31.24M | -37.21M | -34.70M | -57.31M | -32.75M | -23.87M | -27.75M | -31.15M | -8.70M | -8.62M | -73,000 | 674,000 | -4.75M | -6.37M | -16.84M | -7.35M | -15.50M | -44.50M | -11.60M | -4.90M | -2.00M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 1.61M | — | — | — | — | — | 9.11M | 18.00M | 147,000 | 37,000 | 9.97M | 9.40M | 5.95M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -3.75M | — | — | — | — | — | -6.31M | -14.12M | -5.82M | -5.00M | -136,000 | -10.08M | -12.41M | -719,000 | — | -1.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 214,000 | — | — | — | — | — | — | — | 182,000 | -99,000 | 647,000 | -269,000 | 677,000 | 679,000 | 1.20M | -1.41M | 1.91M | 390,000 | — | — | — | — | — | — | — | — | — | — | — | -100,000 |
| Financing Cash Flow | -5.29M | -1.90M | 12.19M | 4.51M | 1.72M | 5.15M | -3.04M | -7.31M | -5.64M | -5.75M | 16.31M | -10.20M | 19.33M | 9.93M | 10.59M | 3.18M | 2.27M | 1.25M | 1.64M | 319,000 | — | -15,000 | -1.26M | -3.05M | — | 200,000 | 52.50M | 4.50M | 100,000 | 4.10M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 5.29M | 778,000 | 5.11M | 4.61M | 3.23M | 9.55M | 10.15M | 3.51M | 3.77M | 5.18M | 15.16M | 15.15M | 15.29M | 14.65M | 6.13M | 5.06M | 13.88M | 12.58M | 16.43M | 13.14M | 6.83M | 5.14M | 8.24M | 4.32M | 3.59M | 2.50M | 7.50M | — | — | — |
| Income Tax Paid | 847,000 | 371,000 | 355,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 634,000 | 4,000 | 31,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -5.26M | -3.49M | -17.97M | -6.93M | -9.81M | -7.99M | -597,000 | 2.24M | 12.54M | 5.31M | -22.84M | -1.40M | -27.71M | -2.98M | -13.10M | -14.79M | 151,000 | -10.96M | 2.22M | 4.43M | -819,000 | -3.21M | -5.75M | -14.39M | -4.37M | -22.50M | -31.10M | 4.00M | 2.80M | 500,000 |
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|---|---|---|---|---|
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