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MIND Technology ( (MIND) ) just unveiled an update.
MIND Technology reported a significant increase in revenues and profitability for its third fiscal quarter of 2025, with revenues rising to $12.1 million from $5.0 million in the same quarter the previous year. The company achieved an operating income of $1.9 million compared to a loss of $1.5 million last year, and net income rose to $1.3 million from $568,000. Notably, the net income attributable to common shareholders soared to $15.7 million, reflecting a substantial improvement. CEO Rob Capps attributed this growth to macroeconomic tailwinds, enhanced customer engagement, and improved execution, projecting continued profitability and a robust order pipeline that exceeds the current backlog, signaling a positive outlook for future financial results.
More about MIND Technology
MIND Technology, Inc. operates within the oceanographic, hydrographic, defense, seismic, and security industries, providing specialized marine exploration and survey equipment through its Seamap unit. The company is headquartered in The Woodlands, Texas, and maintains a global presence with operations in the United States, Singapore, Malaysia, and the United Kingdom.
YTD Price Performance: -36.42%
Average Trading Volume: 63,758
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $33.39M
For an in-depth examination of MIND stock, go to TipRanks’ Stock Analysis page.
