MIND Technology Reports Fiscal 2027 Second Quarter Results
MIND Technology, Inc. (NASDAQ: MIND) announced its financial results for the fiscal 2027 second quarter. Revenues reached approximately $5.6 million.
THE WOODLANDS, Texas – MIND Technology, Inc. (NASDAQ: MIND) has released its financial results for the second quarter of fiscal year 2027, which ended on July 31, 2026. The company reported revenues of approximately $5.6 million for the quarter.
The net loss for the quarter was $1.3 million, or $0.06 per share, compared to a net loss of $1.8 million, or $0.09 per share, in the same period last year. The adjusted net loss was $0.5 million, or $0.02 per share, versus an adjusted net loss of $0.4 million, or $0.02 per share, in the prior year.
CEO Mike McWilliams stated that the company has made progress in several strategic areas, including the development of new technologies and the strengthening of customer relationships. He specifically highlighted advancements in developing products for collecting and analyzing subsea data.
MIND Technology continues to focus on delivering industry-leading solutions and aims to improve profitability through operational efficiencies and product development. The company anticipates that new product introductions will support future growth and enhance its market position.