Added to YB: 2025-06-17
Pitch date: 2025-06-13
MIND [bullish]
MIND Technology, Inc.
+28.9%
current return
Author Info
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Company Info
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.
Market Cap
$113.9M
Pitch Price
$6.16
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.65
P/E
5.62
EV/Sales
2.20
Sector
Energy Equipment and Services
Category
turnaround
MIND Technology Q1 FY2026 Earnings Update
MIND (earnings update): Q1 FY26 revenue -18% YoY due to $5.5M delayed orders shifting to Q2. Without delays, would've been +38% YoY with $0.16 EPS. Strong $4.1M operating cash flow, $9.2M cash, no debt. Backlog grew to $25.1M. TX facility expansion targets aftermarket growth. $80M NOLs untapped. Undervalued at $50M market cap.
Read full article (4 min)