MIND Technology, Inc. (MIND) 10-Year Financial Performance & Capital Metrics

MIND • • Industrial / General

TechnologyTech Hardware & EquipmentCommunications & Defense ElectronicsDefense & Aerospace Electronics

AboutMIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. The company's 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; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems. 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, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Latin America, the Asia/South Pacific, Eurasia, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.Show more

Revenue $47M +28.4%
EBITDA $8M +281.6%
Net Income $5M +345.2%
EPS (Diluted) 0.64 +268.4%
Gross Margin 44.74% +10.4%
EBITDA Margin 16.56% +197.3%
Operating Margin 14.55% +925.4%
Net Margin 10.83% +291.1%
ROE 20.31% +324.2%
ROIC 24.35% +1238.4%
Debt/Equity 0.05 -17.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 45.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.57%

5Y9.39%

3Y26.58%

TTM2.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-31.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM-87.18%

ROCE

10Y Avg-17.25%

5Y Avg-13.31%

3Y Avg2.78%

Latest26.59%

Peer Comparison

Defense & Aerospace Electronics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEESCO Technologies Inc.	5.5B	212.51	18.40	6.68%	25.76%	19.14%	2.98%	0.15
MINDMIND Technology, Inc.	101.5M	11.23	17.55	28.36%	6.61%	7.64%	0.21%	0.05
SATLSatellogic Inc.	457.08M	3.66	-2.86	27.75%	-5.3%
MTEKMaris-Tech Ltd.	12.03M	1.49	-9.31	50.8%	-39.33%	-115.85%		0.18
BKSYBlackSky Technology Inc.	995.2M	27.65	-10.36	8.04%	-87.3%	-97.54%		1.24

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	51.82M	41M	48.28M	42.94M	29.92M	21.21M	23.11M	25.01M	36.51M	46.86M
Revenue Growth %	-0.38%	-0.21%	0.18%	-0.11%	-0.3%	-0.29%	0.09%	0.08%	0.46%	0.28%
Cost of Goods Sold+	49.15M	48.41M	42.19M	31.2M	16.96M	13.91M	17.09M	15.06M	21.72M	25.9M
COGS % of Revenue	0.95%	1.18%	0.87%	0.73%	0.57%	0.66%	0.74%	0.6%	0.59%	0.55%
Gross Profit+	2.67M	-7.41M	6.08M	11.74M	16.62M	7.31M	6.02M	8.61M	14.79M	20.97M
Gross Margin %	0.05%	-0.18%	0.13%	0.27%	0.56%	0.34%	0.26%	0.34%	0.41%	0.45%
Gross Profit Growth %	-0.89%	-3.78%	1.82%	0.93%	0.42%	-0.56%	-0.18%	0.43%	0.72%	0.42%
Operating Expenses+	22.95M	23.88M	24.33M	24.76M	26.24M	21.64M	20.57M	14.26M	14.28M	14.15M
OpEx % of Revenue	0.44%	0.58%	0.5%	0.58%	0.88%	1.02%	0.89%	0.57%	0.39%	0.3%
Selling, General & Admin	18.04M	19.75M	19.66M	20.91M	19.72M	12.65M	14.76M	12.88M	12.14M	11.29M
SG&A % of Revenue	0.35%	0.48%	0.41%	0.49%	0.66%	0.6%	0.64%	0.52%	0.33%	0.24%
Research & Development	0	974K	1.5M	1.16M	1.85M	3M	3.6M	1.37M	2.13M	1.91M
R&D % of Revenue	-	0.02%	0.03%	0.03%	0.06%	0.14%	0.16%	0.05%	0.06%	0.04%
Other Operating Expenses	-274K	594K	4.63M	-24K	4.67M	5.99M	2.21M	0	0	944K
Operating Income+	-26.76M	-31.29M	-19.71M	-13.02M	-4.95M	-11.8M	-14.54M	-5.65M	518K	6.82M
Operating Margin %	-0.52%	-0.76%	-0.41%	-0.3%	-0.17%	-0.56%	-0.63%	-0.23%	0.01%	0.15%
Operating Income Growth %	-2.97%	-0.17%	0.37%	0.34%	0.62%	-1.39%	-0.23%	0.61%	1.09%	12.16%
EBITDA+	5.35M	-3.02M	-3.07M	-1.34M	-2.27M	-9M	-12.34M	-4.31M	2.03M	7.76M
EBITDA Margin %	0.1%	-0.07%	-0.06%	-0.03%	-0.08%	-0.42%	-0.53%	-0.17%	0.06%	0.17%
EBITDA Growth %	-0.82%	-1.56%	-0.02%	0.56%	-0.7%	-2.96%	-0.37%	0.65%	1.47%	2.82%
D&A (Non-Cash Add-back)	32.11M	28.27M	16.64M	11.68M	2.67M	2.8M	2.21M	1.34M	1.52M	944K
EBIT	-27.02M	-31.29M	-18.24M	-13.02M	-6.19M	-11.8M	-13.62M	-5.39M	518K	7.06M
Net Interest Income+	-725K	-643K	47K	72K	-46K	0	0	-519K	-675K	0
Interest Income	14K	10K	47K	72K	0	0	0	0	0	0
Interest Expense	739K	653K	0	0	46K	0	0	519K	675K	0
Other Income/Expense	-999K	-49K	-451K	-6.57M	-1.25M	-1.67M	926K	256K	-280K	240K
Pretax Income+	-27.76M	-31.34M	-20.16M	-19.59M	-6.19M	-13.47M	-13.62M	-5.39M	238K	7.06M
Pretax Margin %	-0.54%	-0.76%	-0.42%	-0.46%	-0.21%	-0.63%	-0.59%	-0.22%	0.01%	0.15%
Income Tax+	10.98M	1.81M	910K	252K	353K	536K	-39K	699K	1.34M	1.98M
Effective Tax Rate %	1.4%	1.06%	1.05%	1.01%	1.82%	1.37%	1.11%	1.64%	-8.69%	0.72%
Net Income+	-38.74M	-33.15M	-21.07M	-19.84M	-11.29M	-18.45M	-15.09M	-8.83M	-2.07M	5.07M
Net Margin %	-0.75%	-0.81%	-0.44%	-0.46%	-0.38%	-0.87%	-0.65%	-0.35%	-0.06%	0.11%
Net Income Growth %	-3.21%	0.14%	0.36%	0.06%	0.43%	-0.63%	0.18%	0.41%	0.77%	3.45%
Net Income (Continuing)	-38.74M	-33.15M	-21.07M	-19.84M	-6.54M	-14M	-13.58M	-6.09M	-1.1M	5.07M
Discontinued Operations	0	0	0	0	0	-6.3M	-1.51M	-2.74M	1.37M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-32.20	-27.90	-18.20	-17.80	-9.30	-3.56	-2.46	-9.20	-0.38	0.64
EPS Growth %	-3.35%	0.13%	0.35%	0.02%	0.48%	0.62%	0.31%	-2.74%	0.96%	2.68%
EPS (Basic)	-32.17	-27.47	-17.44	-16.39	-9.30	-3.56	-2.46	-8.98	-0.38	0.64
Diluted Shares Outstanding	4.82M	4.83M	4.83M	4.84M	4.86M	5.19M	5.51M	5.51M	5.5M	7.97M
Basic Shares Outstanding	4.82M	4.83M	4.83M	4.84M	4.86M	5.19M	5.51M	5.51M	5.5M	7.97M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	42.88M	35.06M	33.05M	36.34M	30.63M	26.79M	29.25M	22.23M	28.34M	32.12M
Cash & Short-Term Investments	3.77M	2.9M	9.9M	9.39M	3.09M	4.61M	5.11M	778K	5.29M	5.34M
Cash Only	3.77M	2.9M	9.9M	9.39M	3.09M	4.61M	5.11M	778K	5.29M	5.34M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	21.96M	15.83M	10.49M	12.08M	6.62M	4.75M	8.13M	3.25M	6.57M	11.82M
Days Sales Outstanding	154.7	140.93	79.34	102.69	80.8	81.67	128.36	47.38	65.64	92.04
Inventory	12.94M	11.96M	10.86M	10.77M	13.26M	11.45M	14.01M	15.32M	13.37M	13.74M
Days Inventory Outstanding	96.13	90.17	93.91	126.03	285.31	300.61	299.22	371.2	224.73	193.73
Other Current Assets	1.69M	2.8M	244K	2.36M	5.67M	4.32M	159K	2.89M	3.11M	1.22M
Total Non-Current Assets+	91.88M	59.66M	40.63M	28.96M	27.6M	12.97M	12.78M	10.63M	5.15M	4.61M
Property, Plant & Equipment	73.52M	43.84M	22.9M	14.15M	16.08M	6.22M	6.11M	2.7M	2.14M	2.21M
Fixed Asset Turnover	0.70x	0.94x	2.11x	3.03x	1.86x	3.41x	3.78x	9.26x	17.04x	21.20x
Goodwill	4.16M	4M	2.53M	2.53M	2.53M	0	0	0	0	0
Intangible Assets	10.47M	9.01M	8.02M	10.49M	8.16M	6.75M	6.02M	3.63M	2.89M	2.31M
Long-Term Investments	4.97M	2.78M	4.65M	840K	0	0	650K	0	0	0
Other Non-Current Assets	368K	2.81M	7.19M	870K	832K	0	650K	4.29M	0	0
Total Assets+	134.76M	94.71M	73.68M	65.3M	58.23M	39.76M	42.02M	32.86M	33.49M	36.72M
Asset Turnover	0.38x	0.43x	0.66x	0.66x	0.51x	0.53x	0.55x	0.76x	1.09x	1.28x
Asset Growth %	-0.25%	-0.3%	-0.22%	-0.11%	-0.11%	-0.32%	0.06%	-0.22%	0.02%	0.1%
Total Current Liabilities+	12.46M	13.46M	7.52M	7.43M	8.45M	7.84M	10.7M	8.93M	10.28M	8.64M
Accounts Payable	3.54M	1.93M	1.27M	1.53M	1.77M	1.7M	2.05M	2.49M	1.62M	2.56M
Days Payables Outstanding	26.31	14.54	11	17.94	38.02	44.73	43.71	60.44	27.28	36.05
Short-Term Debt	3.22M	6.37M	0	0	0	1.01M	869K	903K	751K	577K
Deferred Revenue (Current)	326K	1000K	1000K	1000K	970K	692K	1000K	359K	1000K	1000K
Other Current Liabilities	0	1.31M	1.23M	2.67M	3.28M	1.32M	842K	2.09M	-491K	-345K
Current Ratio	3.44x	2.60x	4.39x	4.89x	3.63x	3.42x	2.73x	2.49x	2.76x	3.71x
Quick Ratio	2.40x	1.72x	2.95x	3.44x	2.06x	1.96x	1.42x	0.77x	1.46x	2.12x
Cash Conversion Cycle	224.52	216.56	162.26	210.78	328.09	337.56	383.87	358.15	263.09	249.72
Total Non-Current Liabilities+	17.27M	317K	307K	1.2M	2.13M	1.51M	1.06M	875K	573K	743K
Long-Term Debt	17.27M	0	0	0	0	850K	0	0	0	0
Capital Lease Obligations	0	0	0	0	961K	463K	966K	846K	573K	743K
Deferred Tax Liabilities	232K	317K	307K	0	200K	198K	92K	29K	0	0
Other Non-Current Liabilities	0	0	0	1.2M	967K	0	0	0	0	0
Total Liabilities	29.72M	13.78M	7.83M	8.62M	10.58M	9.35M	11.76M	9.81M	10.85M	9.39M
Total Debt+	20.48M	6.37M	0	0	2.3M	2.32M	1.83M	1.75M	1.32M	1.32M
Net Debt	16.71M	3.47M	-9.9M	-9.39M	-790K	-2.29M	-3.28M	971K	-3.96M	-4.02M
Debt / Equity	0.20x	0.08x	-	-	0.05x	0.08x	0.06x	0.08x	0.06x	0.05x
Debt / EBITDA	3.83x	-	-	-	-	-	-	-	0.65x	0.17x
Net Debt / EBITDA	3.12x	-	-	-	-	-	-	-	-1.95x	-0.52x
Interest Coverage	-36.21x	-47.92x	-	-	-107.50x	-	-	-10.89x	0.77x	-
Total Equity+	105.04M	80.93M	65.85M	56.68M	47.65M	30.42M	30.26M	23.05M	22.64M	27.33M
Equity Growth %	-0.28%	-0.23%	-0.19%	-0.14%	-0.16%	-0.36%	-0.01%	-0.24%	-0.02%	0.21%
Book Value per Share	21.81	16.76	13.62	11.71	9.81	5.86	5.49	4.18	4.12	3.43
Total Shareholders' Equity	105.04M	80.93M	65.85M	56.68M	47.65M	30.42M	30.26M	23.05M	22.64M	27.33M
Common Stock	140K	140K	140K	140K	141K	157K	157K	16K	14K	80K
Retained Earnings	13.19M	-20.45M	-42.42M	-63.97M	-77.31M	-99.87M	-117.86M	-127.64M	-128.31M	-108.45M
Treasury Stock	-16.85M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	0	0
Accumulated OCI	-12.1M	-10.59M	-8.85M	-4.04M	-4.39M	-4.36M	-1.88M	34K	34K	34K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	14.92M	3.15M	719K	-5.46M	-5.82M	-6.36M	-17.13M	-2.9M	-4.97M	651K
Operating CF Margin %	0.29%	0.08%	0.01%	-0.13%	-0.19%	-0.3%	-0.74%	-0.12%	-0.14%	0.01%
Operating CF Growth %	-0.41%	-0.79%	-0.77%	-8.59%	-0.07%	-0.09%	-1.69%	0.83%	-0.71%	1.13%
Net Income	-38.74M	-33.15M	-21.07M	-19.84M	-11.29M	-14M	-15.09M	-8.83M	-1.1M	5.07M
Depreciation & Amortization	32.11M	28.27M	16.64M	11.81M	7.77M	2.8M	2.21M	1.89M	1.18M	944K
Stock-Based Compensation	1.29M	737K	903K	781K	854K	708K	643K	654K	261K	235K
Deferred Taxes	10.31M	934K	162K	1.2M	553K	32K	-106K	-62K	-153K	35K
Other Non-Cash Items	5.17M	1.12M	-1.61M	3.38M	1.86M	-1.07M	-537K	1.13M	-766K	-389K
Working Capital Changes	4.77M	5.24M	5.7M	-2.79M	-5.57M	5.18M	-4.26M	2.32M	-4.39M	-5.25M
Change in Receivables	-238K	7.34M	4.41M	1.29M	-1.72M	4.7M	-3.19M	4.86M	-3.32M	-5.25M
Change in Inventory	677K	850K	685K	-781K	-2.81M	1.18M	-3.07M	-1.76M	-3.6M	-441K
Change in Payables	-1.24M	2.19M	-455K	-2.44M	-1.01M	-2.51M	713K	775K	-334K	45K
Cash from Investing+	-10.27M	4.41M	9M	-15K	-2.09M	3.21M	5.36M	470K	11.02M	20K
Capital Expenditures	-2.51M	-919K	-1.32M	-2.53M	-3.99M	-566K	-834K	-582K	-290K	-437K
CapEx % of Revenue	0.05%	0.02%	0.03%	0.06%	0.13%	0.03%	0.04%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.24M	5.33M	10.31M	2.66M	1.66M	3.52M	5.44M	1.05M	476K	457K
Cash from Financing+	-5.64M	-7.31M	-3.04M	5.14M	1.75M	4.51M	12.19M	-1.9M	-1.53M	-619K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-486K	-905K	-1.71M	-2.05M	-1.68M	-2.53M	-1.89M	-946K	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	182K	-10.9M	-6.31M	0	26K	0	0	0	0	-619K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	12.41M	2.23M	-597K	-7.99M	-9.81M	-6.93M	-17.97M	-3.49M	-5.26M	214K
FCF Margin %	0.24%	0.05%	-0.01%	-0.19%	-0.33%	-0.33%	-0.78%	-0.14%	-0.14%	0%
FCF Growth %	1.34%	-0.82%	-1.27%	-12.38%	-0.23%	0.29%	-1.59%	0.81%	-0.51%	1.04%
FCF per Share	2.58	0.46	-0.12	-1.65	-2.02	-1.33	-3.26	-0.63	-0.96	0.03
FCF Conversion (FCF/Net Income)	-0.39x	-0.10x	-0.03x	0.28x	0.52x	0.34x	1.14x	0.33x	2.40x	0.13x
Interest Paid	0	0	0	0	0	0	31K	4K	634K	0
Taxes Paid	0	0	0	0	0	0	355K	371K	847K	1.65M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-30.8%	-35.65%	-28.71%	-32.38%	-21.64%	-47.26%	-49.72%	-33.13%	-9.06%	20.31%
Return on Invested Capital (ROIC)	-13.87%	-22.77%	-21.06%	-18.92%	-7.88%	-23.6%	-39.59%	-16.62%	1.82%	24.35%
Gross Margin	5.15%	-18.08%	12.6%	27.34%	55.55%	34.45%	26.06%	34.41%	40.52%	44.74%
Net Margin	-74.75%	-80.86%	-43.64%	-46.2%	-37.73%	-86.95%	-65.28%	-35.31%	-5.67%	10.83%
Debt / Equity	0.20x	0.08x	-	-	0.05x	0.08x	0.06x	0.08x	0.06x	0.05x
Interest Coverage	-36.21x	-47.92x	-	-	-107.50x	-	-	-10.89x	0.77x	-
FCF Conversion	-0.39x	-0.10x	-0.03x	0.28x	0.52x	0.34x	1.14x	0.33x	2.40x	0.13x
Revenue Growth	-37.68%	-20.88%	17.75%	-11.05%	-30.33%	-29.09%	8.92%	8.24%	45.97%	28.36%

Revenue by Segment

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Marine Technology Products	-	-	-	-	27.57M	25.77M	29.57M	-	23.11M	35.09M
Marine Technology Products Growth	-	-	-	-	-	-6.54%	14.76%	-	-	51.86%
Equipment Leasing	67.02M	59.83M	26.66M	15.94M	20.92M	17.38M	13.21M	-	-	-
Equipment Leasing Growth	-	-10.73%	-55.43%	-40.22%	31.23%	-16.90%	-23.99%	-	-	-
Equipment Manufacturing And Sales	-	-	-	25.1M	-	-	-	-	-	-
Equipment Manufacturing And Sales Growth	-	-	-	-	-	-	-	-	-	-
Seamap	25.25M	23.8M	-	-	-	-	-	-	-	-
Seamap Growth	-	-5.73%	-	-	-	-	-	-	-	-

Revenue by Geography

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Europe, Russia and CIS	-	-	-	-	-	-	-	-	-	14.81M
Europe, Russia and CIS Growth	-	-	-	-	-	-	-	-	-	-
Middle East and Africa	-	-	-	-	-	-	-	-	-	12.88M
Middle East and Africa Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	-	6.92M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	-	-	-	-	-	-	483K
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	-	-	-	17.53M	20.7M	-
Non-US Growth	-	-	-	-	-	-	-	-	18.09%	-
Asia / South Pacific	-	-	-	-	-	-	-	-	11.24M	-
Asia / South Pacific Growth	-	-	-	-	-	-	-	-	-	-
UK and Europe	-	-	-	-	-	-	-	-	8.17M	-
UK and Europe Growth	-	-	-	-	-	-	-	-	-	-
Eurasia	6.81M	5.85M	3.66M	3.12M	332K	1.8M	290K	507K	647K	-
Eurasia Growth	-	-14.05%	-37.49%	-14.73%	-89.36%	443.07%	-83.92%	74.83%	27.61%	-
Latin America	7.53M	12.71M	3.28M	2.98M	1.35M	1.27M	2.66M	-	325K	-
Latin America Growth	-	68.76%	-74.16%	-9.14%	-54.61%	-6.43%	110.18%	-	-	-
CANADA	-	7.38M	1.35M	1.89M	807K	2.05M	3.73M	1.27M	273K	-
CANADA Growth	-	-	-81.64%	39.66%	-57.32%	153.90%	82.09%	-66.04%	-78.45%	-
Other Countries	4.26M	8.82M	3.15M	1.83M	5.83M	2.72M	1.94M	1.23M	35K	-
Other Countries Growth	-	107.19%	-64.33%	-41.91%	219.15%	-53.33%	-28.68%	-36.87%	-97.15%	-
UK And Europe	-	-	16.44M	14.58M	11.84M	15.2M	20.37M	8.01M	-	-
UK And Europe Growth	-	-	-	-11.32%	-18.81%	28.43%	33.99%	-60.69%	-	-
Asia South Pacific	25.26M	18.41M	16.62M	10.35M	16.77M	13.55M	6.87M	6.52M	-	-
Asia South Pacific Growth	-	-27.12%	-9.69%	-37.75%	62.04%	-19.16%	-49.31%	-5.06%	-	-
Uk And Europe	23.46M	17.43M	-	-	-	-	-	-	-	-
Uk And Europe Growth	-	-25.70%	-	-	-	-	-	-	-	-
C A	13.11M	-	-	-	-	-	-	-	-	-
C A Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

MIND Technology, Inc. (MIND) has a price-to-earnings (P/E) ratio of 17.5x. This is roughly in line with market averages.

Growth & Financials

MIND Technology, Inc. (MIND) reported $46.2M in revenue for fiscal year 2024. This represents a 59% decrease from $112.8M in 2011.

MIND Technology, Inc. (MIND) grew revenue by 28.4% over the past year. This is strong growth.

Yes, MIND Technology, Inc. (MIND) is profitable, generating $3.1M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

MIND Technology, Inc. (MIND) has a return on equity (ROE) of 20.3%. This is excellent, indicating efficient use of shareholder capital.

MIND Technology, Inc. (MIND) generated $5.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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MIND Technology, Inc. (MIND) 10-Year Financial Performance & Capital Metrics

MIND • • Industrial / General

TechnologyTech Hardware & EquipmentCommunications & Defense ElectronicsDefense & Aerospace Electronics

Revenue $47M +28.4%
EBITDA $8M +281.6%
Net Income $5M +345.2%
EPS (Diluted) 0.64 +268.4%
Gross Margin 44.74% +10.4%
EBITDA Margin 16.56% +197.3%
Operating Margin 14.55% +925.4%
Net Margin 10.83% +291.1%
ROE 20.31% +324.2%
ROIC 24.35% +1238.4%
Debt/Equity 0.05 -17.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 45.0% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.57%

5Y9.39%

3Y26.58%

TTM2.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-31.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM-87.18%

ROCE

10Y Avg-17.25%

5Y Avg-13.31%

3Y Avg2.78%

Latest26.59%

Peer Comparison

Defense & Aerospace Electronics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEESCO Technologies Inc.	5.5B	212.51	18.40	6.68%	25.76%	19.14%	2.98%	0.15
MINDMIND Technology, Inc.	101.5M	11.23	17.55	28.36%	6.61%	7.64%	0.21%	0.05
SATLSatellogic Inc.	457.08M	3.66	-2.86	27.75%	-5.3%
MTEKMaris-Tech Ltd.	12.03M	1.49	-9.31	50.8%	-39.33%	-115.85%		0.18
BKSYBlackSky Technology Inc.	995.2M	27.65	-10.36	8.04%	-87.3%	-97.54%		1.24

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	51.82M	41M	48.28M	42.94M	29.92M	21.21M	23.11M	25.01M	36.51M	46.86M
Revenue Growth %	-0.38%	-0.21%	0.18%	-0.11%	-0.3%	-0.29%	0.09%	0.08%	0.46%	0.28%
Cost of Goods Sold+	49.15M	48.41M	42.19M	31.2M	16.96M	13.91M	17.09M	15.06M	21.72M	25.9M
COGS % of Revenue	0.95%	1.18%	0.87%	0.73%	0.57%	0.66%	0.74%	0.6%	0.59%	0.55%
Gross Profit+	2.67M	-7.41M	6.08M	11.74M	16.62M	7.31M	6.02M	8.61M	14.79M	20.97M
Gross Margin %	0.05%	-0.18%	0.13%	0.27%	0.56%	0.34%	0.26%	0.34%	0.41%	0.45%
Gross Profit Growth %	-0.89%	-3.78%	1.82%	0.93%	0.42%	-0.56%	-0.18%	0.43%	0.72%	0.42%
Operating Expenses+	22.95M	23.88M	24.33M	24.76M	26.24M	21.64M	20.57M	14.26M	14.28M	14.15M
OpEx % of Revenue	0.44%	0.58%	0.5%	0.58%	0.88%	1.02%	0.89%	0.57%	0.39%	0.3%
Selling, General & Admin	18.04M	19.75M	19.66M	20.91M	19.72M	12.65M	14.76M	12.88M	12.14M	11.29M
SG&A % of Revenue	0.35%	0.48%	0.41%	0.49%	0.66%	0.6%	0.64%	0.52%	0.33%	0.24%
Research & Development	0	974K	1.5M	1.16M	1.85M	3M	3.6M	1.37M	2.13M	1.91M
R&D % of Revenue	-	0.02%	0.03%	0.03%	0.06%	0.14%	0.16%	0.05%	0.06%	0.04%
Other Operating Expenses	-274K	594K	4.63M	-24K	4.67M	5.99M	2.21M	0	0	944K
Operating Income+	-26.76M	-31.29M	-19.71M	-13.02M	-4.95M	-11.8M	-14.54M	-5.65M	518K	6.82M
Operating Margin %	-0.52%	-0.76%	-0.41%	-0.3%	-0.17%	-0.56%	-0.63%	-0.23%	0.01%	0.15%
Operating Income Growth %	-2.97%	-0.17%	0.37%	0.34%	0.62%	-1.39%	-0.23%	0.61%	1.09%	12.16%
EBITDA+	5.35M	-3.02M	-3.07M	-1.34M	-2.27M	-9M	-12.34M	-4.31M	2.03M	7.76M
EBITDA Margin %	0.1%	-0.07%	-0.06%	-0.03%	-0.08%	-0.42%	-0.53%	-0.17%	0.06%	0.17%
EBITDA Growth %	-0.82%	-1.56%	-0.02%	0.56%	-0.7%	-2.96%	-0.37%	0.65%	1.47%	2.82%
D&A (Non-Cash Add-back)	32.11M	28.27M	16.64M	11.68M	2.67M	2.8M	2.21M	1.34M	1.52M	944K
EBIT	-27.02M	-31.29M	-18.24M	-13.02M	-6.19M	-11.8M	-13.62M	-5.39M	518K	7.06M
Net Interest Income+	-725K	-643K	47K	72K	-46K	0	0	-519K	-675K	0
Interest Income	14K	10K	47K	72K	0	0	0	0	0	0
Interest Expense	739K	653K	0	0	46K	0	0	519K	675K	0
Other Income/Expense	-999K	-49K	-451K	-6.57M	-1.25M	-1.67M	926K	256K	-280K	240K
Pretax Income+	-27.76M	-31.34M	-20.16M	-19.59M	-6.19M	-13.47M	-13.62M	-5.39M	238K	7.06M
Pretax Margin %	-0.54%	-0.76%	-0.42%	-0.46%	-0.21%	-0.63%	-0.59%	-0.22%	0.01%	0.15%
Income Tax+	10.98M	1.81M	910K	252K	353K	536K	-39K	699K	1.34M	1.98M
Effective Tax Rate %	1.4%	1.06%	1.05%	1.01%	1.82%	1.37%	1.11%	1.64%	-8.69%	0.72%
Net Income+	-38.74M	-33.15M	-21.07M	-19.84M	-11.29M	-18.45M	-15.09M	-8.83M	-2.07M	5.07M
Net Margin %	-0.75%	-0.81%	-0.44%	-0.46%	-0.38%	-0.87%	-0.65%	-0.35%	-0.06%	0.11%
Net Income Growth %	-3.21%	0.14%	0.36%	0.06%	0.43%	-0.63%	0.18%	0.41%	0.77%	3.45%
Net Income (Continuing)	-38.74M	-33.15M	-21.07M	-19.84M	-6.54M	-14M	-13.58M	-6.09M	-1.1M	5.07M
Discontinued Operations	0	0	0	0	0	-6.3M	-1.51M	-2.74M	1.37M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-32.20	-27.90	-18.20	-17.80	-9.30	-3.56	-2.46	-9.20	-0.38	0.64
EPS Growth %	-3.35%	0.13%	0.35%	0.02%	0.48%	0.62%	0.31%	-2.74%	0.96%	2.68%
EPS (Basic)	-32.17	-27.47	-17.44	-16.39	-9.30	-3.56	-2.46	-8.98	-0.38	0.64
Diluted Shares Outstanding	4.82M	4.83M	4.83M	4.84M	4.86M	5.19M	5.51M	5.51M	5.5M	7.97M
Basic Shares Outstanding	4.82M	4.83M	4.83M	4.84M	4.86M	5.19M	5.51M	5.51M	5.5M	7.97M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	42.88M	35.06M	33.05M	36.34M	30.63M	26.79M	29.25M	22.23M	28.34M	32.12M
Cash & Short-Term Investments	3.77M	2.9M	9.9M	9.39M	3.09M	4.61M	5.11M	778K	5.29M	5.34M
Cash Only	3.77M	2.9M	9.9M	9.39M	3.09M	4.61M	5.11M	778K	5.29M	5.34M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	21.96M	15.83M	10.49M	12.08M	6.62M	4.75M	8.13M	3.25M	6.57M	11.82M
Days Sales Outstanding	154.7	140.93	79.34	102.69	80.8	81.67	128.36	47.38	65.64	92.04
Inventory	12.94M	11.96M	10.86M	10.77M	13.26M	11.45M	14.01M	15.32M	13.37M	13.74M
Days Inventory Outstanding	96.13	90.17	93.91	126.03	285.31	300.61	299.22	371.2	224.73	193.73
Other Current Assets	1.69M	2.8M	244K	2.36M	5.67M	4.32M	159K	2.89M	3.11M	1.22M
Total Non-Current Assets+	91.88M	59.66M	40.63M	28.96M	27.6M	12.97M	12.78M	10.63M	5.15M	4.61M
Property, Plant & Equipment	73.52M	43.84M	22.9M	14.15M	16.08M	6.22M	6.11M	2.7M	2.14M	2.21M
Fixed Asset Turnover	0.70x	0.94x	2.11x	3.03x	1.86x	3.41x	3.78x	9.26x	17.04x	21.20x
Goodwill	4.16M	4M	2.53M	2.53M	2.53M	0	0	0	0	0
Intangible Assets	10.47M	9.01M	8.02M	10.49M	8.16M	6.75M	6.02M	3.63M	2.89M	2.31M
Long-Term Investments	4.97M	2.78M	4.65M	840K	0	0	650K	0	0	0
Other Non-Current Assets	368K	2.81M	7.19M	870K	832K	0	650K	4.29M	0	0
Total Assets+	134.76M	94.71M	73.68M	65.3M	58.23M	39.76M	42.02M	32.86M	33.49M	36.72M
Asset Turnover	0.38x	0.43x	0.66x	0.66x	0.51x	0.53x	0.55x	0.76x	1.09x	1.28x
Asset Growth %	-0.25%	-0.3%	-0.22%	-0.11%	-0.11%	-0.32%	0.06%	-0.22%	0.02%	0.1%
Total Current Liabilities+	12.46M	13.46M	7.52M	7.43M	8.45M	7.84M	10.7M	8.93M	10.28M	8.64M
Accounts Payable	3.54M	1.93M	1.27M	1.53M	1.77M	1.7M	2.05M	2.49M	1.62M	2.56M
Days Payables Outstanding	26.31	14.54	11	17.94	38.02	44.73	43.71	60.44	27.28	36.05
Short-Term Debt	3.22M	6.37M	0	0	0	1.01M	869K	903K	751K	577K
Deferred Revenue (Current)	326K	1000K	1000K	1000K	970K	692K	1000K	359K	1000K	1000K
Other Current Liabilities	0	1.31M	1.23M	2.67M	3.28M	1.32M	842K	2.09M	-491K	-345K
Current Ratio	3.44x	2.60x	4.39x	4.89x	3.63x	3.42x	2.73x	2.49x	2.76x	3.71x
Quick Ratio	2.40x	1.72x	2.95x	3.44x	2.06x	1.96x	1.42x	0.77x	1.46x	2.12x
Cash Conversion Cycle	224.52	216.56	162.26	210.78	328.09	337.56	383.87	358.15	263.09	249.72
Total Non-Current Liabilities+	17.27M	317K	307K	1.2M	2.13M	1.51M	1.06M	875K	573K	743K
Long-Term Debt	17.27M	0	0	0	0	850K	0	0	0	0
Capital Lease Obligations	0	0	0	0	961K	463K	966K	846K	573K	743K
Deferred Tax Liabilities	232K	317K	307K	0	200K	198K	92K	29K	0	0
Other Non-Current Liabilities	0	0	0	1.2M	967K	0	0	0	0	0
Total Liabilities	29.72M	13.78M	7.83M	8.62M	10.58M	9.35M	11.76M	9.81M	10.85M	9.39M
Total Debt+	20.48M	6.37M	0	0	2.3M	2.32M	1.83M	1.75M	1.32M	1.32M
Net Debt	16.71M	3.47M	-9.9M	-9.39M	-790K	-2.29M	-3.28M	971K	-3.96M	-4.02M
Debt / Equity	0.20x	0.08x	-	-	0.05x	0.08x	0.06x	0.08x	0.06x	0.05x
Debt / EBITDA	3.83x	-	-	-	-	-	-	-	0.65x	0.17x
Net Debt / EBITDA	3.12x	-	-	-	-	-	-	-	-1.95x	-0.52x
Interest Coverage	-36.21x	-47.92x	-	-	-107.50x	-	-	-10.89x	0.77x	-
Total Equity+	105.04M	80.93M	65.85M	56.68M	47.65M	30.42M	30.26M	23.05M	22.64M	27.33M
Equity Growth %	-0.28%	-0.23%	-0.19%	-0.14%	-0.16%	-0.36%	-0.01%	-0.24%	-0.02%	0.21%
Book Value per Share	21.81	16.76	13.62	11.71	9.81	5.86	5.49	4.18	4.12	3.43
Total Shareholders' Equity	105.04M	80.93M	65.85M	56.68M	47.65M	30.42M	30.26M	23.05M	22.64M	27.33M
Common Stock	140K	140K	140K	140K	141K	157K	157K	16K	14K	80K
Retained Earnings	13.19M	-20.45M	-42.42M	-63.97M	-77.31M	-99.87M	-117.86M	-127.64M	-128.31M	-108.45M
Treasury Stock	-16.85M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	-16.86M	0	0
Accumulated OCI	-12.1M	-10.59M	-8.85M	-4.04M	-4.39M	-4.36M	-1.88M	34K	34K	34K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	14.92M	3.15M	719K	-5.46M	-5.82M	-6.36M	-17.13M	-2.9M	-4.97M	651K
Operating CF Margin %	0.29%	0.08%	0.01%	-0.13%	-0.19%	-0.3%	-0.74%	-0.12%	-0.14%	0.01%
Operating CF Growth %	-0.41%	-0.79%	-0.77%	-8.59%	-0.07%	-0.09%	-1.69%	0.83%	-0.71%	1.13%
Net Income	-38.74M	-33.15M	-21.07M	-19.84M	-11.29M	-14M	-15.09M	-8.83M	-1.1M	5.07M
Depreciation & Amortization	32.11M	28.27M	16.64M	11.81M	7.77M	2.8M	2.21M	1.89M	1.18M	944K
Stock-Based Compensation	1.29M	737K	903K	781K	854K	708K	643K	654K	261K	235K
Deferred Taxes	10.31M	934K	162K	1.2M	553K	32K	-106K	-62K	-153K	35K
Other Non-Cash Items	5.17M	1.12M	-1.61M	3.38M	1.86M	-1.07M	-537K	1.13M	-766K	-389K
Working Capital Changes	4.77M	5.24M	5.7M	-2.79M	-5.57M	5.18M	-4.26M	2.32M	-4.39M	-5.25M
Change in Receivables	-238K	7.34M	4.41M	1.29M	-1.72M	4.7M	-3.19M	4.86M	-3.32M	-5.25M
Change in Inventory	677K	850K	685K	-781K	-2.81M	1.18M	-3.07M	-1.76M	-3.6M	-441K
Change in Payables	-1.24M	2.19M	-455K	-2.44M	-1.01M	-2.51M	713K	775K	-334K	45K
Cash from Investing+	-10.27M	4.41M	9M	-15K	-2.09M	3.21M	5.36M	470K	11.02M	20K
Capital Expenditures	-2.51M	-919K	-1.32M	-2.53M	-3.99M	-566K	-834K	-582K	-290K	-437K
CapEx % of Revenue	0.05%	0.02%	0.03%	0.06%	0.13%	0.03%	0.04%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.24M	5.33M	10.31M	2.66M	1.66M	3.52M	5.44M	1.05M	476K	457K
Cash from Financing+	-5.64M	-7.31M	-3.04M	5.14M	1.75M	4.51M	12.19M	-1.9M	-1.53M	-619K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-486K	-905K	-1.71M	-2.05M	-1.68M	-2.53M	-1.89M	-946K	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	182K	-10.9M	-6.31M	0	26K	0	0	0	0	-619K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	12.41M	2.23M	-597K	-7.99M	-9.81M	-6.93M	-17.97M	-3.49M	-5.26M	214K
FCF Margin %	0.24%	0.05%	-0.01%	-0.19%	-0.33%	-0.33%	-0.78%	-0.14%	-0.14%	0%
FCF Growth %	1.34%	-0.82%	-1.27%	-12.38%	-0.23%	0.29%	-1.59%	0.81%	-0.51%	1.04%
FCF per Share	2.58	0.46	-0.12	-1.65	-2.02	-1.33	-3.26	-0.63	-0.96	0.03
FCF Conversion (FCF/Net Income)	-0.39x	-0.10x	-0.03x	0.28x	0.52x	0.34x	1.14x	0.33x	2.40x	0.13x
Interest Paid	0	0	0	0	0	0	31K	4K	634K	0
Taxes Paid	0	0	0	0	0	0	355K	371K	847K	1.65M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-30.8%	-35.65%	-28.71%	-32.38%	-21.64%	-47.26%	-49.72%	-33.13%	-9.06%	20.31%
Return on Invested Capital (ROIC)	-13.87%	-22.77%	-21.06%	-18.92%	-7.88%	-23.6%	-39.59%	-16.62%	1.82%	24.35%
Gross Margin	5.15%	-18.08%	12.6%	27.34%	55.55%	34.45%	26.06%	34.41%	40.52%	44.74%
Net Margin	-74.75%	-80.86%	-43.64%	-46.2%	-37.73%	-86.95%	-65.28%	-35.31%	-5.67%	10.83%
Debt / Equity	0.20x	0.08x	-	-	0.05x	0.08x	0.06x	0.08x	0.06x	0.05x
Interest Coverage	-36.21x	-47.92x	-	-	-107.50x	-	-	-10.89x	0.77x	-
FCF Conversion	-0.39x	-0.10x	-0.03x	0.28x	0.52x	0.34x	1.14x	0.33x	2.40x	0.13x
Revenue Growth	-37.68%	-20.88%	17.75%	-11.05%	-30.33%	-29.09%	8.92%	8.24%	45.97%	28.36%

Revenue by Segment

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Marine Technology Products	-	-	-	-	27.57M	25.77M	29.57M	-	23.11M	35.09M
Marine Technology Products Growth	-	-	-	-	-	-6.54%	14.76%	-	-	51.86%
Equipment Leasing	67.02M	59.83M	26.66M	15.94M	20.92M	17.38M	13.21M	-	-	-
Equipment Leasing Growth	-	-10.73%	-55.43%	-40.22%	31.23%	-16.90%	-23.99%	-	-	-
Equipment Manufacturing And Sales	-	-	-	25.1M	-	-	-	-	-	-
Equipment Manufacturing And Sales Growth	-	-	-	-	-	-	-	-	-	-
Seamap	25.25M	23.8M	-	-	-	-	-	-	-	-
Seamap Growth	-	-5.73%	-	-	-	-	-	-	-	-

Revenue by Geography

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Europe, Russia and CIS	-	-	-	-	-	-	-	-	-	14.81M
Europe, Russia and CIS Growth	-	-	-	-	-	-	-	-	-	-
Middle East and Africa	-	-	-	-	-	-	-	-	-	12.88M
Middle East and Africa Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	-	6.92M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	-	-	-	-	-	-	483K
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	-	-	-	17.53M	20.7M	-
Non-US Growth	-	-	-	-	-	-	-	-	18.09%	-
Asia / South Pacific	-	-	-	-	-	-	-	-	11.24M	-
Asia / South Pacific Growth	-	-	-	-	-	-	-	-	-	-
UK and Europe	-	-	-	-	-	-	-	-	8.17M	-
UK and Europe Growth	-	-	-	-	-	-	-	-	-	-
Eurasia	6.81M	5.85M	3.66M	3.12M	332K	1.8M	290K	507K	647K	-
Eurasia Growth	-	-14.05%	-37.49%	-14.73%	-89.36%	443.07%	-83.92%	74.83%	27.61%	-
Latin America	7.53M	12.71M	3.28M	2.98M	1.35M	1.27M	2.66M	-	325K	-
Latin America Growth	-	68.76%	-74.16%	-9.14%	-54.61%	-6.43%	110.18%	-	-	-
CANADA	-	7.38M	1.35M	1.89M	807K	2.05M	3.73M	1.27M	273K	-
CANADA Growth	-	-	-81.64%	39.66%	-57.32%	153.90%	82.09%	-66.04%	-78.45%	-
Other Countries	4.26M	8.82M	3.15M	1.83M	5.83M	2.72M	1.94M	1.23M	35K	-
Other Countries Growth	-	107.19%	-64.33%	-41.91%	219.15%	-53.33%	-28.68%	-36.87%	-97.15%	-
UK And Europe	-	-	16.44M	14.58M	11.84M	15.2M	20.37M	8.01M	-	-
UK And Europe Growth	-	-	-	-11.32%	-18.81%	28.43%	33.99%	-60.69%	-	-
Asia South Pacific	25.26M	18.41M	16.62M	10.35M	16.77M	13.55M	6.87M	6.52M	-	-
Asia South Pacific Growth	-	-27.12%	-9.69%	-37.75%	62.04%	-19.16%	-49.31%	-5.06%	-	-
Uk And Europe	23.46M	17.43M	-	-	-	-	-	-	-	-
Uk And Europe Growth	-	-25.70%	-	-	-	-	-	-	-	-
C A	13.11M	-	-	-	-	-	-	-	-	-
C A Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

MIND Technology, Inc. (MIND) has a price-to-earnings (P/E) ratio of 17.5x. This is roughly in line with market averages.

Growth & Financials

MIND Technology, Inc. (MIND) reported $46.2M in revenue for fiscal year 2024. This represents a 59% decrease from $112.8M in 2011.

MIND Technology, Inc. (MIND) grew revenue by 28.4% over the past year. This is strong growth.

Yes, MIND Technology, Inc. (MIND) is profitable, generating $3.1M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

MIND Technology, Inc. (MIND) has a return on equity (ROE) of 20.3%. This is excellent, indicating efficient use of shareholder capital.

MIND Technology, Inc. (MIND) generated $5.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.