MIND Technology, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.9M | $46.9M | $36.5M | $25.0M | $23.1M | $21.2M | $42.7M | $42.9M |
| Cost of Revenue | $22.3M | $25.9M | $20.5M | $22.1M | $17.1M | $13.9M | $26.1M | $31.2M |
| Gross Profit | $18.7M | $21.0M | $16.0M | $10.0M | $6.0M | $7.3M | $13.0M | $11.7M |
| Gross Margin | 45.6% | 44.7% | 43.7% | 39.8% | 26.1% | 34.5% | 30.4% | 27.3% |
| Operating Expenses | ||||||||
| Research & Development | $1.6M | $1.9M | $2.1M | $1.4M | $3.6M | $3.0M | $1.9M | $1.2M |
| SG&A Expense | $13.3M | $11.3M | $12.1M | $12.9M | $14.8M | $12.6M | $14.1M | $20.9M |
| Operating Income | $2.9M | $6.8M | $518.0K | $-5.7M | $-14.5M | $-14.3M | $-6.3M | $-13.0M |
| Operating Margin | 7.0% | 14.5% | 1.4% | -22.6% | -62.9% | -67.5% | -14.7% | -30.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $2.9M | $7.1M | $238.0K | $-5.4M | $-13.6M | $-13.5M | $-6.2M | $-19.6M |
| Income Tax Expense | $2.2M | $2.0M | $1.3M | $699.0K | $-39.0K | $536.0K | $353.0K | $252.0K |
| Net Income | $750.0K | $5.1M | $274.0K | $-8.8M | $-15.1M | $-20.3M | $-11.3M | $-19.8M |
| Net Margin | 1.8% | 10.8% | 0.8% | -35.3% | -65.3% | -95.7% | -26.4% | -46.2% |
| EPS (Basic) | $0.09 | $4.32 | $-1.25 | $-4.49 | $-0.66 | $-0.90 | $-0.55 | $-0.89 |
| EPS (Diluted) | — | — | — | $-0.46 | $-0.66 | $-0.90 | $-0.55 | $-0.89 |
| Shares Outstanding (Basic) | 8.3M | 4.1M | 2.8M | 2.8M | 27.5M | 25.0M | 24.3M | 24.2M |
| Shares Outstanding (Diluted) | 8.3M | 4.1M | 2.8M | 2.8M | 27.5M | 25.0M | 24.3M | 24.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |