MIND Technology Past Earnings Performance
Past criteria checks 2/6
MIND Technology has been growing earnings at an average annual rate of 27.5%, while the Energy Services industry saw earnings growing at 52.9% annually. Revenues have been growing at an average rate of 8.1% per year. MIND Technology's return on equity is 18%, and it has net margins of 35.6%.
Key information
27.5%
Earnings growth rate
27.6%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 8.1% |
| Return on equity | 18.0% |
| Net Margin | 35.6% |
| Last Earnings Update | 31 Oct 2024 |
Recent past performance updates
Recent updates
MIND Technology: Preferred Stockholders Should Vote For Proposed Common Share Conversion
Jun 18MIND Technology secures orders worth $1.3M for high-speed multibeam side scan sonar systems
Sep 28MIND Technology GAAP EPS of -$0.20 in-line, revenue of $8.71M beats by $0.41M
Sep 12MIND Technology gets $900K order for GunLink 4000 upgrade
Jul 27MIND Technology rallies 28% after new orders, deferral of preferred stock dividend
Jul 06MIND Technology: Outlook Still Uncertain Despite Improved Order Levels
Apr 23We Think The Compensation For MIND Technology, Inc.'s (NASDAQ:MIND) CEO Looks About Right
Jul 09
Mitcham EPS misses by $0.15, misses on revenue
Jun 02Is MIND Technology (NASDAQ:MIND) Using Too Much Debt?
Mar 10Have Insiders Been Buying MIND Technology, Inc. (NASDAQ:MIND) Shares This Year?
Jan 14Is MIND Technology (NASDAQ:MIND) A Risky Investment?
Dec 10Revenue & Expenses Breakdown
How MIND Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Oct 24 | 45 | 16 | 11 | 2 |
| 31 Jul 24 | 38 | -2 | 11 | 2 |
| 30 Apr 24 | 36 | -4 | 12 | 2 |
| 31 Jan 24 | 37 | -5 | 12 | 2 |
| 31 Oct 23 | 32 | -6 | 12 | 2 |
| 31 Jul 23 | 30 | -7 | 12 | 2 |
| 30 Apr 23 | 27 | -7 | 12 | 1 |
| 31 Jan 23 | 25 | -10 | 13 | 1 |
| 31 Oct 22 | 20 | -16 | 14 | 2 |
| 31 Jul 22 | 25 | -15 | 14 | 3 |
| 30 Apr 22 | 28 | -16 | 15 | 4 |
| 31 Jan 22 | 23 | -16 | 15 | 4 |
| 31 Oct 21 | 26 | -14 | 15 | 3 |
| 31 Jul 21 | 24 | -15 | 15 | 4 |
| 30 Apr 21 | 22 | -14 | 14 | 3 |
| 31 Jan 21 | 21 | -16 | 13 | 3 |
| 31 Oct 20 | 24 | -14 | 13 | 2 |
| 31 Jul 20 | 25 | -13 | 13 | 2 |
| 30 Apr 20 | 27 | -13 | 13 | 2 |
| 31 Jan 20 | 30 | -9 | 14 | 2 |
| 31 Oct 19 | 33 | -11 | 15 | 2 |
| 31 Jul 19 | 40 | -15 | 17 | 1 |
| 30 Apr 19 | 41 | -18 | 19 | 1 |
| 31 Jan 19 | 43 | -22 | 21 | 1 |
| 31 Oct 18 | 41 | -25 | 22 | 2 |
| 31 Jul 18 | 35 | -25 | 22 | 2 |
| 30 Apr 18 | 37 | -25 | 22 | 2 |
| 31 Jan 18 | 48 | -22 | 20 | 2 |
| 31 Oct 17 | 50 | -24 | 19 | 2 |
| 31 Jul 17 | 50 | -26 | 19 | 1 |
| 30 Apr 17 | 48 | -30 | 20 | 1 |
| 31 Jan 17 | 41 | -34 | 21 | 1 |
| 31 Oct 16 | 40 | -50 | 22 | 0 |
| 31 Jul 16 | 48 | -49 | 21 | 0 |
| 30 Apr 16 | 46 | -45 | 22 | 0 |
| 31 Jan 16 | 52 | -39 | 20 | 1 |
| 31 Oct 15 | 55 | -21 | 24 | 0 |
| 31 Jul 15 | 63 | -16 | 25 | 0 |
| 30 Apr 15 | 75 | -13 | 27 | 0 |
| 31 Jan 15 | 83 | -9 | 28 | 0 |
| 31 Oct 14 | 92 | 2 | 24 | 0 |
| 31 Jul 14 | 89 | 0 | 25 | 0 |
| 30 Apr 14 | 91 | 2 | 25 | 0 |
| 31 Jan 14 | 92 | 5 | 25 | 0 |
Quality Earnings: MIND has a high level of non-cash earnings.
Growing Profit Margin: MIND became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MIND has become profitable over the past 5 years, growing earnings by 27.5% per year.
Accelerating Growth: MIND has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MIND has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (17%).
Return on Equity
High ROE: MIND's Return on Equity (18%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:31 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MIND Technology, Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre Conner | Capital One Securities, Inc. |
| Veny Aleksandrov | FIG Partners |
| Georg Venturatos | Johnson Rice & Company, L.L.C. |