MIND TECHNOLOGY INC
For the period ended Apr 22, 2025. Filed Apr 22, 2025.
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Apr 22, 2025 · Filed Apr 22, 2025
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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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,336 | $5,289 |
| Accounts receivable, net of allowance for credit losses of $332 at January 31, 2025 and 2024 | 11,817 | 6,566 |
| Inventories, net | 13,745 | 13,371 |
| Prepaid expenses and other current assets | 1,217 | 3,113 |
| Total current assets | 32,115 | 28,339 |
| Property and equipment, net | 890 | 818 |
| Operating lease right-of-use assets | 1,320 | 1,324 |
| Intangible assets, net | 2,308 | 2,888 |
| Deferred tax asset | 87 | 122 |
| Total assets | $36,720 | $33,491 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,558 | $1,623 |
| Deferred revenue | 189 | 203 |
| Customer deposits | 1,603 | 3,446 |
| Accrued expenses and other current liabilities | 1,245 | 2,140 |
| Income taxes payable | 2,473 | 2,114 |
| Operating lease liabilities - current | 577 | 751 |
| Total current liabilities | 8,645 | 10,277 |
| Operating lease liabilities - non-current | 743 | 573 |
| Total liabilities | 9,388 | 10,850 |
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 2,000 shares authorized; no shares issued and outstanding at January 31, 2025 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 and 1,406 shares issued at January 31, 2025 and 2024, respectively | 80 | 14 |
| Additional paid-in capital | 135,666 | 113,121 |
| Accumulated deficit | (108,448) | (128,307) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 27,332 | 22,641 |
| Total liabilities and stockholders’ equity | $36,720 | $33,491 |
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