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MIND Technology (MIND)
NASDAQ:MIND
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Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.39Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: 79.67%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook for MIND Technology, with significant revenue growth and profitability, a strong backlog, and a positive cash flow. However, challenges such as flat backlog figures and pressure on gross margins were noted. The company's successful capital restructuring and strategic product investments provide a foundation for future growth.Company Guidance
During the MIND Technology Q3 2025 earnings call, the management highlighted several key financial metrics and strategic updates. The company reported strong third-quarter revenues of $12.1 million, marking a 143% increase year-over-year and a 21% sequential rise, driven by robust order flow and a backlog of approximately $26 million. This growth reflects a positive shift in market conditions and effective cost management strategies. The gross profit for the quarter was $5.4 million, with a margin of 45%, and the company achieved its fourth consecutive quarter of profitability with a net income of $1.3 million. Operating income reached $1.9 million, a substantial improvement from a loss in the prior year. MIND Technology's adjusted EBITDA was $2 million, reflecting a turnaround from a loss in the previous year. The company also emphasized its clean capital structure following the conversion of preferred stock to common stock, which has enhanced its financial flexibility. Looking ahead, MIND Technology is optimistic about sustaining growth and profitability into fiscal 2026, supported by a strong pipeline of pending orders valued at more than double the current backlog.Strong Revenue Growth
Marine Technology Products revenues for Q3 fiscal 2025 were $12.1 million, up about 143% from the same period a year ago and 21% sequentially from Q2 fiscal 2025.
Consistent Profitability
The company achieved its fourth consecutive quarter of profitability. Q3 net income was approximately $1.3 million, an improvement of approximately $3 million from a net loss of $1.7 million in the third quarter of fiscal 2024.
Strong Backlog and Order Pipeline
The company entered Q4 with a backlog of approximately $26 million and an active pipeline estimated to be more than double the backlog, indicating strong future prospects.
Positive Cash Flow
Generated $1.6 million of cash flow from operations in Q3, representing an 84% increase compared to Q2.
Successful Capital Restructuring
Conversion of all preferred stock into common stock, issuing approximately 6.6 million shares, simplifying the capital structure.
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MIND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $4.23 | $6.02 | +42.32% |
| Sep 11, 2024 | $3.62 | $3.81 | +5.25% |
| Jun 10, 2024 | $5.63 | $4.53 | -19.54% |
| Apr 29, 2024 | $4.73 | $6.10 | +28.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MIND Technology (MIND) report earnings?
MIND Technology (MIND) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is MIND Technology (MIND) earnings time?
MIND Technology (MIND) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MIND EPS forecast?
MIND EPS forecast for the fiscal quarter 2025 (Q4) is $0.18.
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