MIND Technology Reports Q3 Revenue Drop to $9.7 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Source: PRnewswire
- Revenue Decline: MIND Technology reported approximately $9.7 million in revenue for Q3 2026, a 29% decrease from $13.6 million in Q2 2026, indicating weakened market demand that could impact future growth potential.
- Net Income Drop: The net income for Q3 was only $62,000, a significant decline from $1.9 million in Q2, reflecting a sharp drop in profitability that may undermine investor confidence.
- Adjusted EBITDA: Adjusted EBITDA stood at $1.3 million, down 58% from $3.1 million in Q2, indicating challenges in cost control and profitability that could affect the company's financing capabilities and expansion plans.
- Backlog Reduction: As of October 31, 2025, the backlog of Marine Technology product orders was approximately $7.2 million, a 44% decrease from $12.8 million on July 31, 2025, which may signal further revenue pressure ahead.
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Analyst Views on MIND
About MIND
Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. The Company offers marine technology products to marine survey, marine exploration, and maritime defense markets. The Company operates through one segment: Seamap Marine Products business, which is engaged in the design, manufacture and sale of specialized marine seismic equipment. Seamap’s primary products include the GunLink seismic source acquisition and control systems, which are designed to provide operators of marine seismic surveys more precise monitoring and control of energy sources; the BuoyLink relative global navigation satellite system (RGNSS) positioning system, which is used to provide precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources and the SeaLink towed seismic streamer system. Applications for these technologies include marine seismic surveys related to energy exploration and alternative energy projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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