MIND Technology Past Earnings Performance
Past criteria checks 0/6
MIND Technology has been growing earnings at an average annual rate of 16.8%, while the Energy Services industry saw earnings growing at 48.3% annually. Revenues have been growing at an average rate of 2.7% per year.
Key information
16.8%
Earnings growth rate
20.0%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 2.7% |
| Return on equity | 6.3% |
| Net Margin | -5.9% |
| Last Earnings Update | 31 Jul 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 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 is currently unprofitable.
Growing Profit Margin: MIND is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MIND is unprofitable, but has reduced losses over the past 5 years at a rate of 16.8% per year.
Accelerating Growth: Unable to compare MIND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIND is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5.9%).
Return on Equity
High ROE: MIND has a negative Return on Equity (6.26%), as it is currently unprofitable.