MIND Chart
About

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's 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; and SeaLink towed seismic streamer system. It 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.

Fundamentals
Scroll to Statements
Sector Technology Industry Scientific & Technical I Market Cap 68.96M
Enterprise Value 50.84M Income 3.06M Sales 46.20M
Book/sh 4.45 Cash/sh 2.15 Dividend Yield —
Payout 0.00% Employees 146 IPO —
P/E — Forward P/E 12.31 PEG —
P/S 1.49 P/B 1.71 P/C —
EV/EBITDA 7.90 EV/Sales 1.10 Quick Ratio 4.40
Current Ratio 6.28 Debt/Eq 3.17 LT Debt/Eq —
EPS (ttm) -1.17 EPS next Y 0.62 EPS Growth -99.70%
Revenue Growth -20.00% Earnings 2026-04-21 ROA 8.33%
ROE 9.37% ROIC — Gross Margin 45.94%
Oper. Margin 7.99% Profit Margin 6.61% Shs Outstand 9.04M
Shs Float 8.87M Short Float 7.44% Short Ratio 3.21
Short Interest — 52W High 14.50 52W Low 4.45
Beta 0.57 Avg Volume 211.14K Volume 120.89K
Target Price $10.00 Recom None Prev Close $7.75
Price $7.63 Change -1.55%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.00
Mean price target
2. Current target
$7.63
Latest analyst target
3. DCF / Fair value
$11.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.63
Low
$10.00
High
$10.00
Mean
$10.00
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.280.210.210.00
NormalizedEBITDA7.76M2.03M-3.76M-12.33M
TotalUnusualItems0.00
TotalUnusualItemsExcludingGoodwill0.00
NetIncomeFromContinuingOperationNetMinorityInterest5.07M-1.10M-6.09M-13.58M
ReconciledDepreciation944.00K1.52M1.89M2.21M
ReconciledCostOfRevenue25.90M20.20M14.52M17.08M
EBITDA7.76M2.03M-3.76M-12.33M
EBIT6.82M518.00K-5.65M-14.54M
NormalizedIncome5.07M-1.10M-6.09M-13.58M
NetIncomeFromContinuingAndDiscontinuedOperation5.07M274.00K-8.83M-15.09M
TotalExpenses40.05M35.99M30.66M37.65M
TotalOperatingIncomeAsReported6.82M518.00K-5.65M-14.54M
DilutedAverageShares4.08M1.41M1.38M1.38M
BasicAverageShares4.08M1.41M1.38M1.38M
DilutedEPS4.32-2.50-9.20-13.10
BasicEPS4.32-2.50-9.20-13.10
DilutedNIAvailtoComStockholders17.60M-3.51M-12.62M-17.99M
NetIncomeCommonStockholders17.60M-3.51M-12.62M-17.99M
PreferredStockDividends-12.53M3.79M3.79M2.90M
NetIncome5.07M274.00K-8.83M-15.09M
NetIncomeIncludingNoncontrollingInterests5.07M274.00K-8.83M-15.09M
NetIncomeDiscontinuousOperations0.001.37M-2.74M-1.51M
NetIncomeContinuousOperations5.07M-1.10M-6.09M-13.58M
TaxProvision1.98M1.34M699.00K-39.00K
PretaxIncome7.06M238.00K-5.39M-13.62M
OtherIncomeExpense240.00K-280.00K256.00K926.00K
OtherNonOperatingIncomeExpenses240.00K-280.00K256.00K926.00K
SpecialIncomeCharges0.00
ImpairmentOfCapitalAssets0.00
OperatingIncome6.82M518.00K-5.65M-14.54M
OperatingExpense14.15M15.45M15.60M20.57M
ProvisionForDoubtfulAccounts0.00
DepreciationAmortizationDepletionIncomeStatement944.00K1.18M1.34M2.21M
DepreciationAndAmortizationInIncomeStatement944.00K1.18M1.34M2.21M
ResearchAndDevelopment1.91M2.13M1.37M3.60M
SellingGeneralAndAdministration11.29M12.14M12.88M14.76M
GrossProfit20.97M15.97M9.95M6.02M
CostOfRevenue25.90M20.54M15.06M17.09M
TotalRevenue46.86M36.51M25.01M23.11M
OperatingRevenue46.86M36.51M25.01M23.11M
Line Item2023-01-312022-01-31
TreasurySharesNumber193.30K193.10K
PreferredSharesNumber1.68M1.68M1.68M1.68M
OrdinarySharesNumber7.97M1.41M1.38M1.38M
ShareIssued7.97M1.41M1.57M1.57M
TotalDebt1.32M1.32M1.75M1.83M
TangibleBookValue25.02M-18.03M-18.36M-13.53M
InvestedCapital27.33M-15.14M-14.73M-7.52M
WorkingCapital23.47M18.06M13.30M18.55M
NetTangibleAssets25.02M19.75M19.42M24.25M
CapitalLeaseObligations1.32M1.32M1.75M1.83M
CommonStockEquity27.33M-15.14M-14.73M-7.52M
PreferredStockEquity37.78M37.78M37.78M
TotalCapitalization27.33M22.64M23.05M30.26M
TotalEquityGrossMinorityInterest27.33M22.64M23.05M30.26M
StockholdersEquity27.33M22.64M23.05M30.26M
GainsLossesNotAffectingRetainedEarnings34.00K34.00K34.00K-1.88M
OtherEquityAdjustments34.00K34.00K34.00K-1.88M
TreasuryStock0.000.0016.86M16.86M
RetainedEarnings-108.45M-128.31M-127.64M-117.86M
AdditionalPaidInCapital135.67M113.12M129.72M128.93M
CapitalStock80.00K37.79M37.80M37.94M
CommonStock80.00K14.00K16.00K157.00K
PreferredStock0.0037.78M37.78M37.78M
TotalLiabilitiesNetMinorityInterest9.39M10.85M9.81M11.76M
TotalNonCurrentLiabilitiesNetMinorityInterest743.00K573.00K875.00K1.06M
NonCurrentDeferredLiabilities0.0029.00K92.00K
NonCurrentDeferredTaxesLiabilities0.0029.00K92.00K
LongTermDebtAndCapitalLeaseObligation743.00K573.00K846.00K966.00K
LongTermCapitalLeaseObligation743.00K573.00K846.00K966.00K
CurrentLiabilities8.64M10.28M8.93M10.70M
OtherCurrentLiabilities232.00K260.00K2.99M1.71M
CurrentDeferredLiabilities1.79M3.65M359.00K2.83M
CurrentDeferredRevenue1.79M3.65M359.00K2.83M
CurrentDebtAndCapitalLeaseObligation577.00K751.00K903.00K869.00K
CurrentCapitalLeaseObligation577.00K751.00K903.00K869.00K
PayablesAndAccruedExpenses6.04M5.62M4.68M5.29M
CurrentAccruedExpenses1.01M1.88M690.00K1.46M
Payables5.03M3.74M3.99M3.83M
DividendsPayable0.00947.00K
TotalTaxPayable2.47M2.11M1.49M837.00K
IncomeTaxPayable2.47M2.11M1.49M837.00K
AccountsPayable2.56M1.62M2.49M2.05M
TotalAssets36.72M33.49M32.86M42.02M
TotalNonCurrentAssets4.61M5.15M10.62M12.78M
OtherNonCurrentAssets4.29M650.00K
NonCurrentDeferredAssets87.00K122.00K0.00
NonCurrentDeferredTaxesAssets87.00K122.00K0.00
GoodwillAndOtherIntangibleAssets2.31M2.89M3.63M6.02M
OtherIntangibleAssets2.31M2.89M3.63M6.02M
Goodwill0.00
NetPPE2.21M2.14M2.70M6.11M
AccumulatedDepreciation-9.58M-9.33M-9.12M-14.52M
GrossPPE11.79M11.48M11.83M20.63M
OtherProperties1.75M1.83M
MachineryFurnitureEquipment9.47M9.15M9.08M14.24M
BuildingsAndImprovements1.32M1.32M1.75M
LandAndImprovements997.00K997.00K997.00K4.55M
Properties0.000.000.004.55M
CurrentAssets32.12M28.34M22.23M29.25M
OtherCurrentAssets1.22M3.11M1.40M1.84M
AssetsHeldForSaleCurrent0.005.78M159.00K
PrepaidAssets1.84M
Inventory13.74M13.37M11.03M14.01M
InventoriesAdjustmentsAllowances-1.54M-1.53M-1.22M-1.88M
FinishedGoods3.98M2.46M2.74M3.81M
WorkInProcess2.82M3.71M2.70M3.57M
RawMaterials8.48M8.73M6.80M8.51M
Receivables11.82M6.57M3.25M8.13M
AccountsReceivable11.82M6.57M3.25M8.13M
AllowanceForDoubtfulAccountsReceivable-332.00K-332.00K-332.00K-484.00K
GrossAccountsReceivable12.15M6.90M3.58M8.61M
CashCashEquivalentsAndShortTermInvestments5.34M5.29M778.00K5.11M
CashAndCashEquivalents5.34M5.29M778.00K5.11M
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow214.00K-5.26M-3.49M-17.97M
RepurchaseOfCapitalStock0.00-1.00K-2.00K
RepaymentOfDebt0.00-3.75M0.00
IssuanceOfDebt0.002.95M0.000.00
IssuanceOfCapitalStock0.0014.72M
CapitalExpenditure-437.00K-290.00K-582.00K-834.00K
InterestPaidSupplementalData0.00634.00K4.00K31.00K
IncomeTaxPaidSupplementalData1.65M847.00K371.00K355.00K
EndCashPosition5.34M5.29M778.00K5.11M
BeginningCashPosition5.29M778.00K5.11M4.61M
EffectOfExchangeRateChanges-5.00K-5.00K-6.00K86.00K
ChangesInCash52.00K4.52M-4.33M417.00K
FinancingCashFlow-619.00K-1.53M-1.90M12.19M
CashFlowFromContinuingFinancingActivities-619.00K-1.53M-1.90M12.19M
NetOtherFinancingCharges-619.00K214.00K
CashDividendsPaid0.00-946.00K-1.89M-2.53M
PreferredStockDividendPaid0.00-946.00K-1.89M-2.53M
NetPreferredStockIssuance0.0014.68M
PreferredStockIssuance0.0014.68M
NetCommonStockIssuance0.00-1.00K41.00K
CommonStockPayments0.00-1.00K-2.00K
CommonStockIssuance0.0043.00K
NetIssuancePaymentsOfDebt0.00-803.00K0.000.00
NetShortTermDebtIssuance0.00-803.00K0.00
ShortTermDebtPayments0.00-3.75M0.00
ShortTermDebtIssuance0.002.95M0.00
NetLongTermDebtIssuance0.00
LongTermDebtIssuance0.00
InvestingCashFlow20.00K11.02M470.00K5.36M
CashFlowFromContinuingInvestingActivities20.00K11.02M470.00K5.36M
NetOtherInvestingChanges457.00K476.00K1.05M5.44M
NetBusinessPurchaseAndSale0.0010.83M0.00761.00K
SaleOfBusiness0.0010.83M0.00761.00K
NetIntangiblesPurchaseAndSale-49.00K-12.00K0.00
PurchaseOfIntangibles-49.00K-12.00K0.00
NetPPEPurchaseAndSale-437.00K-290.00K-570.00K-834.00K
SaleOfPPE0.00
PurchaseOfPPE-437.00K-290.00K-570.00K-834.00K
OperatingCashFlow651.00K-4.97M-2.90M-17.13M
CashFlowFromContinuingOperatingActivities651.00K-4.97M-2.90M-17.13M
ChangeInWorkingCapital-5.25M-4.39M2.32M-4.26M
ChangeInOtherWorkingCapital-1.50M3.71M-1.56M1.92M
ChangeInPayablesAndAccruedExpense45.00K-334.00K775.00K713.00K
ChangeInPayable45.00K-334.00K775.00K713.00K
ChangeInAccountPayable45.00K-334.00K775.00K713.00K
ChangeInPrepaidAssets1.90M-847.00K-10.00K-565.00K
ChangeInInventory-441.00K-3.60M-1.76M-3.07M
ChangeInReceivables-5.25M-3.32M4.86M-3.25M
ChangesInAccountReceivables-5.25M-3.34M4.89M-3.19M
OtherNonCashItems1.63M
StockBasedCompensation235.00K261.00K654.00K643.00K
ProvisionandWriteOffofAssets68.00K341.00K445.00K468.00K
AssetImpairmentCharge0.00
DeferredTax35.00K-153.00K-62.00K-106.00K
DeferredIncomeTax35.00K-153.00K-62.00K-106.00K
DepreciationAmortizationDepletion944.00K1.52M1.89M2.21M
DepreciationAndAmortization944.00K1.52M1.89M2.21M
OperatingGainsLosses-457.00K-2.82M-939.00K-1.00M
GainLossOnSaleOfPPE-457.00K-476.00K-939.00K-155.00K
GainLossOnSaleOfBusiness0.00-2.34M0.00
NetIncomeFromContinuingOperations5.07M274.00K-8.83M-15.09M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MIND
Date User Asset Broker Type Position Size Entry Price Patterns