MIND TECHNOLOGY, INC
No SEC Form 4 filings for $MIND in the last 30 days.
Brokerages stayed bullish on Minda Corporation after its Q4 FY26 results. According to Choice Institutional Equities, revenue rose 29% YoY and EBITDA grew 33% YoY; PAT increased 134% YoY. Choice raised its 12-month target to Rs 700. Nuvama lifted FY27/28E EPS and set a Rs 700 TP; Elara raised TP to Rs 844. Shares traded at Rs 598.
Mind Technology reported a fiscal 2026 revenue of $40.947 million, a decrease from the previous year, with gross profit at $18.664 million and net income at $0.750 million. The company attributed the revenue decline to the timing of large orders and reduced order activity, despite a shift in revenue mix towards after-market services. Mind Technology expects lower revenue in 2027 but anticipates positive adjusted EBITDA.
MIND Technology (NASDAQ: MIND) reported its fiscal year 2026 results, detailing revenues of $40.9 million from marine technology products, a decrease from $46.9 million the previous year, but maintained a strong gross margin of 46%. The company posted an operating income of $2.9 million and a net income of $0.8 million, with adjusted EBITDA at $5.3 million. Despite a decline in backlog to $13.9 million due to global uncertainties, MIND expects to fulfill almost all of this in fiscal 2027 and remains optimistic about future marine exploration opportunities, though fiscal 2027 revenue visibility is reduced.
