MIND Technology Inc. (MIND) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2002 TIMBERLOCH PLACE, SUITE 550 THE WOODLANDS, TX 77380-1187 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 10/31/2024 Q3 | 7/31/2024 Q2 | 4/30/2024 Q1 | 1/31/2024 Q4 | 10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,904 | 924 | 5,289 | 5,569 | 494 | 815 | |||
| Cash and cash equivalent | 1,904 | 924 | 5,289 | 5,569 | 494 | 815 | |||
| Receivables | 9,586 | 9,412 | 6,566 | 3,882 | 7,143 | 7,390 | |||
| Inventory, net of allowances, customer advances and progress billings | 19,069 | 16,161 | 13,371 | 13,263 | 15,651 | 14,339 | |||
| Inventory | 19,069 | 16,161 | 13,371 | 13,263 | 15,651 | 14,339 | |||
| Contract with customer, asset, after allowance for credit loss | 101 | 16 | 26 | 53 | 33 | 13 | |||
| Other undisclosed current assets | 1,974 | 2,998 | 3,087 | 1,648 | 1,240 | 1,075 | |||
| Total current assets: | 32,634 | 29,511 | 28,339 | 24,415 | 24,561 | 23,632 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,732 | 1,725 | 1,324 | 1,517 | 1,626 | 1,762 | |||
| Property, plant and equipment | 782 | 791 | 818 | 830 | 3,620 | 3,787 | |||
| Intangible assets, net (including goodwill) | 2,566 | 2,714 | 2,888 | 3,073 | 4,418 | 4,664 | |||
| Intangible assets, net (excluding goodwill) | 2,566 | 2,714 | 2,888 | 3,073 | 4,418 | 4,664 | |||
| Deferred income tax assets | 122 | 122 | 122 | ||||||
| Total noncurrent assets: | 5,202 | 5,352 | 5,152 | 5,420 | 9,664 | 10,213 | |||
| TOTAL ASSETS: | 37,836 | 34,863 | 33,491 | 29,835 | 34,225 | 33,845 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,558 | 3,631 | 7,209 | 2,584 | 4,044 | 2,929 | |||
| Accounts payable | 4,387 | 1,703 | 1,623 | 1,127 | 2,459 | 1,206 | |||
| Accrued liabilities | 2,171 | 1,928 | 5,586 | 1,457 | 1,585 | 1,723 | |||
| Deferred revenue | 428 | 561 | 203 | 130 | 309 | 486 | |||
| Debt | 3,343 | 3,139 | |||||||
| Other undisclosed current liabilities | 5,378 | 6,031 | 2,865 | 5,193 | 4,289 | 3,391 | |||
| Total current liabilities: | 12,364 | 10,223 | 10,277 | 7,907 | 11,985 | 9,945 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 985 | 997 | 573 | 725 | 764 | 1,038 | |||
| Deferred income tax liabilities | 41 | 41 | 29 | ||||||
| Operating lease, liability | 985 | 997 | 573 | 684 | 723 | 1,009 | |||
| Total noncurrent liabilities: | 985 | 997 | 573 | 725 | 764 | 1,038 | |||
| Total liabilities: | 13,349 | 11,220 | 10,850 | 8,632 | 12,749 | 10,983 | |||
| Equity | |||||||||
| Equity, attributable to parent | 24,487 | 23,643 | 22,641 | 21,203 | 21,476 | 22,862 | |||
| Preferred stock | 37,779 | 37,779 | 37,779 | 37,779 | 37,779 | 37,779 | |||
| Common stock | 14 | 14 | 14 | 14 | 157 | 157 | |||
| Treasury stock, value | (16,863) | (16,863) | |||||||
| Additional paid in capital | 113,215 | 113,169 | 113,121 | 113,124 | 129,738 | 129,630 | |||
| Accumulated other comprehensive income | 34 | 34 | 34 | 34 | 34 | 34 | |||
| Accumulated deficit | (126,555) | (127,353) | (128,307) | (129,748) | (129,369) | (127,875) | |||
| Total equity: | 24,487 | 23,643 | 22,641 | 21,203 | 21,476 | 22,862 | |||
| TOTAL LIABILITIES AND EQUITY: | 37,836 | 34,863 | 33,491 | 29,835 | 34,225 | 33,845 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 10/31/2024 Q3 | 7/31/2024 Q2 | 4/30/2024 Q1 | 1/31/2024 Q4 | 10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,036 | 9,678 | 13,826 | 4,974 | 8,750 | 12,586 | ||
| Cost of revenue (Cost of Product and Service Sold) | (5,258) | (23) | 14,014 | (2,721) | (5,483) | (7,169) | ||
| Other undisclosed gross profit | (5,437) | (20,198) | ||||||
| Gross profit: | 4,778 | 4,218 | 7,642 | 2,253 | 3,267 | 5,417 | ||
| Operating expenses | (3,348) | (3,488) | 15,722 | (3,706) | (4,815) | (5,128) | ||
| Operating income (loss): | 1,430 | 730 | 23,364 | (1,453) | (1,548) | 289 | ||
| Nonoperating income (expense) | 40 | 469 | (176) | (144) | 131 | (111) | ||
| Other nonoperating income (expense) | 40 | 469 | (176) | 25 | 131 | (111) | ||
| Interest and debt expense | (169) | 164 | 204 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,470 | 1,199 | 23,188 | (1,766) | (1,253) | 382 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (15,453) | 169 | (164) | (204) | ||||
| Income (loss) from continuing operations before income taxes: | 1,470 | 1,199 | 7,735 | (1,597) | (1,417) | 178 | ||
| Income tax expense | (672) | (245) | (959) | (112) | (77) | (418) | ||
| Income (loss) from continuing operations: | 798 | 954 | 6,776 | (1,709) | (1,494) | (240) | ||
| Other undisclosed net income | 1,374 | |||||||
| Net income (loss): | 798 | 954 | 8,150 | (1,709) | (1,494) | (240) | ||
| Other undisclosed net income attributable to parent | 1,622 | 2,277 | ||||||
| Net income (loss) attributable to parent: | 798 | 954 | 9,772 | 568 | (1,494) | (240) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (947) | (947) | (947) | (947) | (947) | (947) | ||
| Net income (loss) available to common stockholders, diluted: | (149) | 7 | 8,825 | (379) | (2,441) | (1,187) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 10/31/2024 Q3 | 7/31/2024 Q2 | 4/30/2024 Q1 | 1/31/2024 Q4 | 10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 798 | 954 | 8,150 | (1,709) | (1,494) | (240) | ||
| Comprehensive income (loss): | 798 | 954 | 8,150 | (1,709) | (1,494) | (240) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (292) | 2,277 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 798 | 954 | 7,858 | 568 | (1,494) | (240) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.