The latest update is out from MIND Technology ( (MIND) ).
MIND Technology, Inc. reported a significant financial turnaround in its fiscal 2025 second quarter results, with revenues jumping from $7.6 million to $10.0 million, and a shift from a net loss to a profit of $798,000. The company’s operational efficiency improvements and cost containment measures have bolstered the financials, contributing to a strong backlog of $26.2 million, up over 50% from the previous year. This positive momentum is expected to continue, with anticipated year-over-year revenue growth and increased profitability.
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