Mind Technology, IncMIND
What Mind Technology, Inc does.
MIND Technology, Inc. (“MIND” and, together with its consolidated subsidiaries, the “Company”, “we”, “us” and “our”), a Delaware corporation, was incorporated in 1987. We provide technology to the oceanographic, hydrographic, seismic and maritime security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia and the United Kingdom.
We operate in one segment, Seamap. Our Seamap business includes Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively “Seamap”), which designs, manufactures and sells specialized marine seismic equipment.
We are focusing on our strategy to emphasize and expand our Seamap business. This strategy is based on the following vision for MIND:
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $21.2M | $23.1M | $25.0M | $36.5M | $46.9M | $40.9M |
| Net income | -$20.3M | -$15.1M | -$8.8M | $274,000 | $5.1M | $750,000 |
| Free cash flow | -$6.5M | -$18.0M | -$3.5M | -$5.3M | $214,000 | $1.9M |
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Figures from Mind Technology, Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.