MIND TECHNOLOGY INC
For the period ended Dec 10, 2024. Filed Dec 10, 2024.
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Dec 10, 2024 · Filed Dec 10, 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)
| October 31, 2024 | January 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,505 | $5,289 |
| Accounts receivable, net of allowance for credit losses of $332 at each of October 31, 2024 and January 31, 2024 | 9,471 | 6,566 |
| Inventories, net | 17,249 | 13,371 |
| Prepaid expenses and other current assets | 1,039 | 3,113 |
| Total current assets | 31,264 | 28,339 |
| Property and equipment, net | 775 | 818 |
| Operating lease right-of-use assets | 1,526 | 1,324 |
| Intangible assets, net | 2,420 | 2,888 |
| Deferred tax asset | 122 | 122 |
| Total assets | $36,107 | $33,491 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,179 | $1,623 |
| Deferred revenue | 248 | 203 |
| Customer deposits | 3,112 | 3,446 |
| Accrued expenses and other current liabilities | 1,742 | 2,140 |
| Income taxes payable | 2,093 | 2,114 |
| Operating lease liabilities - current | 660 | 751 |
| Total current liabilities | 10,034 | 10,277 |
| Operating lease liabilities - non-current | 866 | 573 |
| Total liabilities | 10,900 | 10,850 |
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 2,000 shares authorized; no shares issued and outstanding at October 31, 2024 and 1,683 shares issued and outstanding at January 31, 2024 | — | 37,779 |
| Common stock, $0.01 par value; 40,000 shares authorized; 7,969 shares issued and outstanding at October 31, 2024 and 1,406 shares issued and outstanding at January 31, 2024 | 80 | 14 |
| Additional paid-in capital | 135,572 | 113,121 |
| Accumulated deficit | (110,479) | (128,307) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 25,207 | 22,641 |
| Total liabilities and stockholders’ equity | $36,107 | $33,491 |
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