MIND TECHNOLOGY, INC
For the period ended Jun 10, 2026. Filed Jun 10, 2026.
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Jun 10, 2026 · Filed Jun 10, 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)
| April 30, 2026 | January 31, 2026 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $17,656 | $19,050 |
| Accounts receivable, net of allowance for credit losses of $332 at each of April 30, 2026 and January 31, 2026 | 16,515 | 12,570 |
| Inventories, net | 10,977 | 11,150 |
| Prepaid expenses and other current assets | 1,593 | 2,114 |
| Total current assets | 46,741 | 44,884 |
| Property and equipment, net | 1,196 | 1,235 |
| Operating lease right-of-use assets | 910 | 1,092 |
| Intangible assets, net | 1,614 | 1,753 |
| Deferred tax asset | 302 | 302 |
| Total assets | $50,763 | $49,266 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,499 | $1,214 |
| Deferred revenue | 598 | 320 |
| Customer deposits | 901 | 971 |
| Accrued expenses and other current liabilities | 2,610 | 1,596 |
| Income taxes payable | 2,721 | 2,656 |
| Operating lease liabilities - current | 655 | 686 |
| Total current liabilities | 8,984 | 7,443 |
| Operating lease liabilities - non-current | 255 | 406 |
| Total liabilities | 9,239 | 7,849 |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 40,000 shares authorized; 9,089 shares issued and outstanding at April 30, 2026 and at January 31, 2026 | 91 | 91 |
| Additional paid-in capital | 149,508 | 148,990 |
| Accumulated deficit | (108,109) | (107,698) |
| Accumulated other comprehensive gain | 34 | 34 |
| Total stockholders’ equity | 41,524 | 41,417 |
| Total liabilities and stockholders’ equity | $50,763 | $49,266 |
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