MIND TECHNOLOGY, INC
For the period ended Apr 15, 2026. Filed Apr 15, 2026.
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Apr 15, 2026 · Filed Apr 15, 2026
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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, | ||
|---|---|---|
| 2026 | 2025 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $19,050 | $5,336 |
| Accounts receivable, net of allowance for credit losses of $332 at January 31, 2026 and 2025 | 12,570 | 11,817 |
| Inventories, net | 11,150 | 13,745 |
| Prepaid expenses and other current assets | 2,114 | 1,217 |
| Total current assets | 44,884 | 32,115 |
| Property and equipment, net | 1,235 | 890 |
| Operating lease right-of-use assets | 1,092 | 1,320 |
| Intangible assets, net | 1,753 | 2,308 |
| Deferred tax asset | 302 | 87 |
| Total assets | $49,266 | $36,720 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,214 | $2,558 |
| Deferred revenue | 320 | 189 |
| Customer deposits | 971 | 1,603 |
| Accrued expenses and other current liabilities | 1,596 | 1,245 |
| Income taxes payable | 2,656 | 2,473 |
| Operating lease liabilities - current | 686 | 577 |
| Total current liabilities | 7,443 | 8,645 |
| Operating lease liabilities - non-current | 406 | 743 |
| Total liabilities | 7,849 | 9,388 |
| Stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 2,000 shares authorized; no shares issued and outstanding at January 31, 2026 and January 31, 2025, respectively | — | — |
| Common stock $0.01 par value; 40,000 shares authorized; 9,089 and 7,969 shares issued and outstanding at January 31, 2026 and 2025, respectively | 91 | 80 |
| Additional paid-in capital | 148,990 | 135,666 |
| Accumulated deficit | (107,698) | (108,448) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 41,417 | 27,332 |
| Total liabilities and stockholders’ equity | $49,266 | $36,720 |
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