MIND TECHNOLOGY, INC
For the period ended Sep 9, 2025. Filed Sep 9, 2025.
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Sep 9, 2025 · Filed Sep 9, 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)
| For the Three Months Ended July 31, | For the Six Months Ended July 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Sales of marine technology products | $13,561 | $10,036 | 21,463 | 19,714 |
| Cost of sales: | ||||
| Sales of marine technology products | 6,732 | 5,258 | 11,303 | 10,718 |
| Gross profit | 6,829 | 4,778 | 10,160 | 8,996 |
| Operating expenses: | ||||
| Selling, general and administrative | 3,637 | 2,784 | 7,021 | 5,543 |
| Research and development | 311 | 328 | 691 | 790 |
| Depreciation and amortization | 217 | 236 | 442 | 503 |
| Total operating expenses | 4,165 | 3,348 | 8,154 | 6,836 |
| Operating income | 2,664 | 1,430 | 2,006 | 2,160 |
| Other income (expense): | ||||
| Other, net | (65) | 40 | (83) | 509 |
| Total other income (expense) | (65) | 40 | (83) | 509 |
| Income before income taxes | 2,599 | 1,470 | 1,923 | 2,669 |
| Provision for income taxes | (670) | (672) | (964) | (917) |
| Net income | $1,929 | $798 | $959 | $1,752 |
| Preferred stock dividends - undeclared | — | (947) | — | (1,894) |
| Net income (loss) attributable to common stockholders | $1,929 | $(149) | $959 | $(142) |
| Net income (loss) per common share - Basic and diluted | $0.24 | $(0.11) | $0.12 | $(0.10) |
| Shares used in computing net income (loss) per common share: | ||||
| Basic and diluted | 7,969 | 1,406 | 7,969 | 1,406 |
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