MIND TECHNOLOGY INC

For the period ended Jun 10, 2025. Filed Jun 10, 2025.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Jun 10, 2025 · Filed Jun 10, 2025

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MIND$3.34+2.1%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · (in thousands, except per share data)

(in thousands, except per share data)

	April 30, 2025	January 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$9,172	$5,336
Accounts receivable, net of allowance for credit losses of $332 at each of April 30, 2025 and January 31, 2025	7,779	11,817
Inventories, net	13,447	13,745
Prepaid expenses and other current assets	1,310	1,217
Total current assets	31,708	32,115
Property and equipment, net	1,048	890
Operating lease right-of-use assets	1,221	1,320
Intangible assets, net	2,162	2,308
Deferred tax asset	87	87
Total assets	$36,226	$36,720
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$2,011	$2,558
Deferred revenue	514	189
Customer deposits	1,807	1,603
Accrued expenses and other current liabilities	1,358	1,245
Income taxes payable	2,681	2,473
Operating lease liabilities - current	570	577
Total current liabilities	8,941	8,645
Operating lease liabilities - non-current	651	743
Total liabilities	9,592	9,388
Stockholders’ equity:
Common stock, $0.01 par value; 40,000 shares authorized; 7,969 shares issued and outstanding at April 30, 2025 and January 31, 2025	80	80
Additional paid-in capital	135,938	135,666
Accumulated deficit	(109,418)	(108,448)
Accumulated other comprehensive gain	34	34
Total stockholders’ equity	26,634	27,332
Total liabilities and stockholders’ equity	$36,226	$36,720

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