MIND Technology Falls 20% in a Month: Should You Buy the Dip?
MIND faces delayed customer spending and a weaker backlog, but its high-margin aftermarket business, debt-free balance sheet and strong liquidity support long-term growth potential.

MIND Technology, Inc., together with its subsidiary companies, delivers specialized technological solutions to a range of sectors, including oceanography, hydrography, defense, seismic ...
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Est. EPS $0.09 · Revenue $10.20M · 1 analysts
Est. EPS $0.10 · Revenue $10.50M · 1 analysts
Est. EPS $0.08 · Revenue $38.05M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $40.9M | -12.6% | -1.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $750000 | -85.2% | -51.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +43.4% | +1.7% | +10.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.0% | -52.0% | -81.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +1.8% | -83.1% | -53.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.9M | +798.6% | -1.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +4.7% | +928.4% | -3.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 2.6% | -45.4% | -16.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 6.03x | +62.3% | -13.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $49.3M | +34.2% | +3.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.10 vs 0.48 | -79.2% | — | — |
| Revenue Surprise | $40.9M vs $45.8M | -10.6% | $9.7M vs $9.4M | +2.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Baden Alan Perry | director | Option to Purchase Common Stock | A | 30,000 | $4.77 |
| Jul 29, 2026 | COX MARK ALAN | officer: CFO | Option to Purchase Common Stock | A | 50,000 | $4.77 |
| Jul 29, 2026 | BLUM PETER H | director | Option to Purchase Common Stock | A | 30,000 | $4.77 |
| Jul 29, 2026 | CAPPS ROBERT P | officer: President and CEO | Option to Purchase Common Stock | A | 60,000 | $4.77 |
| Jul 29, 2026 | GLANVILLE THOMAS S | director | Option to Purchase Common Stock | A | 30,000 | $4.77 |
Operator Greetings and welcome to the MIND Technology First Quarter 2027 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ken Dennard, Investor Relations. Ken Dennard Thank you, operator. Good morning and welcome to the MIND Technology Fiscal 2027 First Quarter Earnings Conference Call. We appreciate all of you joining us today. With me are Rob Capps, President and Chief Executive Officer, and Mark Cox, Vice President and Chief Financial Officer. Before I turn the call over to Rob, I have a few items to cover. If you'd like to listen to a replay of today's call, it'll be available via 90 Days via webcast by going to the Investor Relations section of the company's website at mind-technology.com or via Instant Replay feature until June 18th. Information on how to access the replay was provided in yesterday's earnings release. Information on this call speaks only as of today, Thursday, June 11, 2026, and therefore, you are advised that time-sensitive information may no longer be accurate as of the time of any replay listening or transcript reading. Before we begin, let me remind you that certain statements made by management during this call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which the company is unable to predict or control, that may cause the company's actual future results or performance to materially differ from any future results or performance expressed or implied by these statements. These risks and uncertainties include the risk factors disclosed by the company from time to time in its filings with the SEC, including its annual report on Form 10-K for the year ended January 31st, 2026. Furthermore, as we start this call, please refer to the statement regarding forward-looking statements incorporated in our press release issued yesterday. And please note that the contents of our conference call this morning are covered by these statements. And now that behind me, I'd like to turn the call over to Rob Capps. Rob. Robert Capps Thanks, Ken. And thank you all for joining us today. It's only been eight weeks since we last talked and not much has fundamentally changed. There's not been a sea change in the market or our business. So much of what I say today will sound pretty familiar. Our results for the first quarter were essentially in line with their expectations and once again reflected positive adjusted EBITDA. During the quarter, we were able to deliver the remaining orders that …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Robert Capps | President, Chief Executive Officer & Director | USD 432,955 | Male | 1954 | Active |
Mark Alan Cox | Vice President, Chief Financial Officer & Chief Accounting Officer | USD 383,347 | Male | 1960 | Active |
Jack Lascar | Investor Relations | — | Male | 1956 | Active |
MIND faces delayed customer spending and a weaker backlog, but its high-margin aftermarket business, debt-free balance sheet and strong liquidity support long-term growth potential.

MIND Technology, Inc. (MIND) Presents at IAccess Alpha Virtual Best Ideas Summer Investment Conference 2026 Transcript

THE WOODLANDS, Texas, June 18, 2026 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today its management will be participating in the iAccess Alpha Virtual Best Ideas Summer Investment Conference June 23–24, 2026. Representing MIND, Rob Capps, President and CEO, will deliver a presentation at 12:00pm EDT on Tuesday, June 23rd, and the webcast can be accessed live here: https://www.webcaster5.com/Webcast/Page/3165/54051.

MIND Technology incurs a narrower year-over-year loss per share in Q1 2027 and posts 22% revenue growth on the back of strong aftermarket demand despite a decline in the backlog.

MIND Technology, Inc. (MIND) Q1 2027 Earnings Call Transcript
