MIND TECHNOLOGY, INC
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.3M | $41.0M | $51.8M | $83.1M | $92.1M | $104.7M | $112.8M | $71.4M |
| Cost of Revenue | $42.2M | $48.4M | $49.2M | $59.9M | $60.1M | $67.3M | $55.1M | $44.7M |
| Gross Profit | $6.1M | $-7.4M | $2.7M | $23.3M | $32.0M | $37.4M | $57.8M | $26.6M |
| Gross Margin | 12.6% | -18.1% | 5.2% | 28.0% | 34.8% | 35.7% | 51.2% | 37.3% |
| Operating Expenses | ||||||||
| Research & Development | $1.5M | $974.0K | $931.0K | — | — | — | — | — |
| SG&A Expense | $19.7M | $19.8M | $18.0M | $25.0M | $23.7M | $22.5M | $21.4M | $16.8M |
| Operating Income | $-19.7M | $-31.3M | $-26.8M | $-6.7M | $5.8M | $13.9M | $34.5M | $6.9M |
| Operating Margin | -40.8% | -76.3% | -51.6% | -8.1% | 6.3% | 13.3% | 30.6% | 9.7% |
| Interest Expense | — | $653.0K | $739.0K | $902.0K | $314.0K | $533.0K | $740.0K | $756.0K |
| Pretax Income | $-20.2M | $-31.3M | $-27.8M | $-10.2M | $6.0M | $13.5M | $34.3M | $6.8M |
| Income Tax Expense | $910.0K | $1.8M | $11.0M | $-994.0K | $1.3M | $-3.5M | $10.0M | $2.1M |
| Net Income | $-21.1M | $-33.2M | $-38.7M | $-9.2M | $4.8M | $17.1M | $24.3M | $4.7M |
| Net Margin | -43.6% | -80.9% | -74.8% | -11.1% | 5.2% | 16.3% | 21.6% | 6.6% |
| EPS (Basic) | $-0.30 | $-0.47 | $-0.54 | $-0.12 | $0.06 | $0.22 | $0.36 | $0.08 |
| EPS (Diluted) | $-0.30 | $-0.47 | $-0.54 | $-0.12 | $0.06 | $0.22 | $0.34 | $0.08 |
| Shares Outstanding (Basic) | 72.5M | 72.4M | 72.2M | 74.9M | 76.6M | 76.3M | 68.6M | 59.2M |
| Shares Outstanding (Diluted) | 72.5M | 72.4M | 72.2M | 74.9M | 79.1M | 79.5M | 72.4M | 61.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |