MIND TECHNOLOGY INC
For the period ended Sep 11, 2024. Filed Sep 11, 2024.
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Sep 11, 2024 · Filed Sep 11, 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)
| July 31, 2024 | January 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,904 | $5,289 |
| Accounts receivable, net of allowance for credit losses of $332 at each of July 31, 2024 and January 31, 2024 | 9,586 | 6,566 |
| Inventories, net | 19,069 | 13,371 |
| Prepaid expenses and other current assets | 2,075 | 3,113 |
| Total current assets | 32,634 | 28,339 |
| Property and equipment, net | 782 | 818 |
| Operating lease right-of-use assets | 1,732 | 1,324 |
| Intangible assets, net | 2,566 | 2,888 |
| Deferred tax asset | 122 | 122 |
| Total assets | $37,836 | $33,491 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $4,387 | $1,623 |
| Deferred revenue | 428 | 203 |
| Customer deposits | 2,726 | 3,446 |
| Accrued expenses and other current liabilities | 1,905 | 2,140 |
| Income taxes payable | 2,171 | 2,114 |
| Operating lease liabilities - current | 747 | 751 |
| Total current liabilities | 12,364 | 10,277 |
| Operating lease liabilities - non-current | 985 | 573 |
| Total liabilities | 13,349 | 10,850 |
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 2,000 shares authorized; 1,683 shares issued and outstanding at each of July 31, 2024 and January 31, 2024 | 37,779 | 37,779 |
| Common stock, $0.01 par value; 40,000 shares authorized; 1,406 shares issued and outstanding at July 31, 2024 and January 31, 2024 | 14 | 14 |
| Additional paid-in capital | 113,215 | 113,121 |
| Accumulated deficit | (126,555) | (128,307) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 24,487 | 22,641 |
| Total liabilities and stockholders’ equity | $37,836 | $33,491 |
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