MIND Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 13, 2023 at 04:24 pm EST
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MIND Technology, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported revenue was USD 4.97 million compared to USD 3.04 million a year ago. Net income was USD 0.568 million compared to net loss of USD 5.16 million a year ago. Basic loss per share from continuing operations was USD 1.89 compared to USD 2.72 a year ago. Diluted loss per share from continuing operations was USD 1.89 compared to USD 2.72 a year ago. Basic loss per share was USD 0.27 compared to USD 4.34 a year ago. Diluted loss per share was USD 0.27 compared to USD 4.34 a year ago.
For the nine months, revenue was USD 23.13 million compared to USD 16.14 million a year ago. Net loss was USD 1.17 million compared to USD 9.5 million a year ago. Basic loss per share from continuing operations was USD 3.86 compared to USD 6.87 a year ago. Diluted loss per share from continuing operations was USD 3.86 compared to USD 6.87 a year ago. Basic loss per share was USD 2.85 compared to USD 8.78 a year ago. Diluted loss per share was USD 2.85 compared to USD 8.78 a year ago.
Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. The Company offers marine technology products to marine survey, marine exploration, and maritime defense markets. The Company provides technology products such as exploration, survey, and defense products. The Company operates through one segment: Seamap Marine Products. Seamap Marine Products business is engaged in the design, manufacture and sale of specialized marine seismic equipment. Its manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the state of Texas. Seamap Marine Products include Seamap SeaLink, Seamap GunLink, Seamap BuoyLink, source products, Misc. Seismic Products, and Seamap Ampair UW100. The Company has a global presence with operating locations in the United States, Singapore, Malaysia, and the United Kingdom. It also offers the Sea Serpent passive array system for maritime defense and security.
MIND TECHNOLOGY, INC. 
