Mind Technology Inc

Chart & Performance

D1W1MN

Profile

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Latin America, the Asia/South Pacific, Eurasia, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.

URL

https://mind-technology.com/

IPO date

Dec 19, 1994

Employees

190

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑01	2023‑01	2022‑01	2021‑01	2020‑01	2019‑01	2018‑01	2017‑01	2016‑01	2015‑01
Income
Revenues	36,510 4.04%	35,091 51.86%	23,107 8.92%
Cost of revenue	23,850	25,514	20,681
Unusual Expense (Income)
NOPBT	12,660	9,577	2,426
NOPBT Margin	34.68%	27.29%	10.50%
Operating Taxes	1,338	699	(39)
Tax Rate	10.57%	7.30%
NOPAT	11,322	8,878	2,465
Net income	(2,069) -72.16%	(7,431) -45.28%	(13,579) -3.02%
Dividends	(946)	(1,894)	(2,530)
Dividend yield	11.21%	20.98%	10.21%
Proceeds from repurchase of equity		(1,000)	41
BB yield		0.01%	-0.17%
Debt
Debt current	1,502	1,806	869
Long-term debt	1,897	2,322	2,801
Deferred revenue
Other long-term liabilities		273
Net debt	(1,890)	3,350	(2,094)
Cash flow
Cash from operating activities	(4,967)	(2,905)	(17,134)
CAPEX	(290)	(582)	(834)
Cash from investing activities	11,018	470	5,364
Cash from financing activities	(1,535)	(1,895)	12,187
FCF	14,042	7,876	(531)
Balance
Cash	5,289	778	5,114
Long term investments			650
Excess cash	3,464		4,609
Stockholders' equity	(90,480)	(89,665)	(81,801)
Invested Capital	115,196	115,080	113,062
ROIC	9.83%	7.78%	2.18%
ROCE	51.22%	37.25%	7.74%
EV
Common stock shares outstanding	1,406	1,378	1,377
Price	6.00 -8.40%	6.55 -63.61%	18.00 -15.89%
Market cap	8,436 -6.56%	9,029 -63.58%	24,788 -7.48%
EV	44,325	50,158	60,473
EBITDA	13,838	11,464	4,640
EV/EBITDA	3.20	4.38	13.03
Interest		519	926
Interest/NOPBT		5.42%	38.17%