MIND TECHNOLOGY INC
For the period ended Apr 29, 2024. Filed Apr 29, 2024.
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Apr 29, 2024 · Filed Apr 29, 2024
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MIND$3.34+2.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| January 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,289 | $778 |
| Accounts receivable, net of allowance for credit losses of $332 and $332 at January 31, 2024 and 2023, respectively | 6,566 | 3,247 |
| Inventories, net | 13,371 | 11,026 |
| Prepaid expenses and other current assets | 3,113 | 1,400 |
| Current assets of discontinued operations | — | 5,783 |
| Total current assets | 28,339 | 22,234 |
| Property and equipment, net | 818 | 953 |
| Operating lease right-of-use assets | 1,324 | 1,749 |
| Intangible assets, net | 2,888 | 3,633 |
| Deferred tax asset | 122 | — |
| Long-term assets of discontinued operations | — | 4,289 |
| Total assets | $33,491 | $32,858 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,623 | $2,494 |
| Deferred revenue | 203 | 144 |
| Accrued expenses and other current liabilities | 5,586 | 1,477 |
| Income taxes payable | 2,114 | 1,493 |
| Operating lease liabilities - current | 751 | 903 |
| Current liabilities of discontinued operations | — | 2,420 |
| Total current liabilities | 10,277 | 8,931 |
| Operating lease liabilities - non-current | 573 | 846 |
| Deferred tax liability | — | 29 |
| Total liabilities | 10,850 | 9,806 |
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 2,000 shares authorized; 1,683 shares issued and outstanding at each January 31, 2024, and 2023 | 37,779 | 37,779 |
| Common stock $0.01 par value; 40,000 shares authorized; 1,406 and 1,599 shares issued at January 31, 2024 and 2023, respectively | 14 | 16 |
| Additional paid-in capital | 113,121 | 129,721 |
| Treasury stock, at cost (0 and 193 shares at January 31, 2024 and 2023, respectively) | — | (16,863) |
| Accumulated deficit | (128,307) | (127,635) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 22,641 | 23,052 |
| Total liabilities and stockholders’ equity | $33,491 | $32,858 |
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