MIND TECHNOLOGY, INC

For the period ended Dec 9, 2025. Filed Dec 9, 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.

Dec 9, 2025 · Filed Dec 9, 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)

	October 31, 2025	January 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$19,387	$5,336
Accounts receivable, net of allowance for credit losses of $332 at each of October 31, 2025 and January 31, 2025	10,607	11,817
Inventories, net	11,713	13,745
Prepaid expenses and other current assets	1,074	1,217
Total current assets	42,781	32,115
Property and equipment, net	1,168	890
Operating lease right-of-use assets	1,267	1,320
Intangible assets, net	1,888	2,308
Deferred tax asset	240	87
Total assets	$47,344	$36,720
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$1,698	$2,558
Deferred revenue	170	189
Customer deposits	390	1,603
Accrued expenses and other current liabilities	1,454	1,245
Income taxes payable	2,422	2,473
Operating lease liabilities - current	682	577
Total current liabilities	6,816	8,645
Operating lease liabilities - non-current	585	743
Total liabilities	7,401	9,388
Stockholders’ equity:
Common stock, $0.01 par value; 40,000 shares authorized; 8,974 shares issued and outstanding at October 31, 2025 and 7,969 shares issued and outstanding at January 31, 2025	90	80
Additional paid-in capital	147,246	135,666
Accumulated deficit	(107,427)	(108,448)
Accumulated other comprehensive gain	34	34
Total stockholders’ equity	39,943	27,332
Total liabilities and stockholders’ equity	$47,344	$36,720

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