THE WOODLANDS, Texas, Dec. 10, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 third quarter ended October 31, 2024.

Revenues from continuing operations for the third quarter of fiscal 2025 were approximately $12.1 million compared to approximately $5.0 million in the third quarter of fiscal 2024. The Company reported operating income from continuing operations of approximately $1.9 million for the third quarter of fiscal 2025 compared to an operating loss of $1.5 million for the third quarter of fiscal 2024. Net income for the third quarter of fiscal 2025 amounted to $1.3 million compared to $568,000 in the third quarter of fiscal 2024. Third quarter of fiscal 2025 net income attributable to common shareholders (after the effect of the conversion of preferred stock into common stock) was $15.7 million, or $2.87 per share compared to a loss of $379,000, or a loss of $0.27 per share in the third quarter last year. Adjusted EBITDA from continuing operations for the third quarter of fiscal 2025 was approximately $2.0 million compared to a loss of $1.1 million in the third quarter of fiscal 2024.

THE WOODLANDS, Texas, Nov. 26, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 third quarter ended October 31, 2024 after the market closes on Tuesday, December 10, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, December 11th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.

What:

MIND Technology Fiscal 2025 Third Quarter Earnings Conference Call

When:

Wednesday, December 11, 2024 at 9:00 a.m. Eastern / 8:00 a.m. Central

How:

Live via phone -- By dialing (412) 902-0030 and asking for the MIND

Technology call at least 10 minutes prior to the start time, or

Live over the Internet -- By logging onto the web at the address below

Where:

http://mind-technology.com/

THE WOODLANDS, Texas, Sept. 23, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has received an order for a GunLink source controller amounting to approximately $5.1 million.  Subsequent to July 31, 2024, the Company has received orders totaling approximately $7.9 million.

Mark Welker, Vice President of MIND and Seamap Managing Director, stated, "We are seeing strong demand for our GunLink source controllers. These most recent orders indicate the continuing demand across our family of source controller products. We expect to deliver a portion of these orders in this fiscal year; however, the majority will be delivered in our next fiscal year.  In addition to the orders that we have in hand, we are pursuing a number of significant opportunities that we expect to bring to fruition in the coming weeks and months. We think our continuing backlog and pipeline of business bodes well for the balance of this fiscal year and next year as well."

THE WOODLANDS, Texas, Sept. 11, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2025 second quarter ended July 31, 2024.

Revenues from continuing operations for the second quarter of fiscal 2025 were approximately $10.0 million compared to approximately $7.6 million in the second quarter of fiscal 2024. The Company reported operating income from continuing operations of approximately $1.4 million for the second quarter of fiscal 2025 compared to an operating loss of $767,000 for the second quarter of fiscal 2024. Net income for the second quarter of fiscal 2025 amounted to $798,000 compared to a loss of approximately $1.5 million in the second quarter of fiscal 2024. Second quarter of fiscal 2025 net loss attributable to common shareholders (after declared and undeclared preferred stock dividends) was $149,000, or a loss of $0.11 per share compared to a loss of approximately $2.4 million, or a loss of $1.74 per share in the second quarter last year. Adjusted EBITDA from continuing operations for the second quarter of fiscal 2025 was approximately $1.8 million compared to a loss of $120,000 in the second quarter of fiscal 2024.

THE WOODLANDS, Texas, Sept. 5, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) announced that it has effected the conversion of all shares of its 9% Series A Cumulative Preferred Stock, $1.00 par value per share (the "Preferred Stock"), into the Company's common stock, $0.01 par value per share.  On August 30, 2024 the Company's Board of Directors elected to proceed with filing the Certificate of Amendment, which provided for the conversion of each share of Preferred Stock into 3.9 shares of common stock, with the Delaware Secretary of State.  The amendment had been approved by the holders of the Preferred Stock at a virtual special meeting on August 29, 2024.  The amendment and the resulting conversion was effective at 4:01 p.m. Eastern Time on September 4, 2024.

THE WOODLANDS, Texas, Aug. 29, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today at 9:00 a.m., Central Time.  The Special Meeting was held to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock, which provides that each share of Preferred Stock may be converted into 3.9 shares of the Company's common stock, $0.01 par value per share, at the sole discretion of the Company's Board of Directors (the "Preferred Stock Proposal").  At the reconvened meeting, the votes in favor of the Preferred Stock Proposal represented more than two-thirds of the outstanding shares of Preferred Stock and therefore the proposal was approved.

THE WOODLANDS, Texas, Aug. 27, 2024 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2025 second quarter ended July 31, 2024 after the market closes on Wednesday, September 11, 2024.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, September 12th at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.

What:

MIND Technology Fiscal 2025 Second Quarter Earnings Conference Call

When:

Thursday, September 12, 2024 at 9:00 a.m. Eastern / 8:00 a.m. Central

How:

Live via phone -- By dialing (412) 902-0030 and asking for the MIND

Technology call at least 10 minutes prior to the start time, or

Live over the Internet -- By logging onto the web at the address below

Where:

http://mind-technology.com/