Mind Technology swings to net loss, sees lower results in fiscal 2027

Mind Technology

15/04/2026 21:27

Overview

US marine technology provider's fiscal Q4 revenue declined yr/yr, net loss posted

Adjusted EBITDA for fiscal Q4 fell compared to prior year

Company cites deferred orders amid economic uncertainty and expects fiscal 2027 results to decline

Outlook

Company expects fiscal 2027 results to be down compared to fiscal 2026

Company expects to maintain positive cash flow in fiscal 2027

Company says customers are deferring larger orders due to economic uncertainty and geopolitical turmoil

Result Drivers

DEFERRED ORDERS - Co said customers postponed commitments for larger systems due to economic uncertainty and geopolitical turmoil

SEAMAP REVENUE STABILITY - Seamap segment revenues remained elevated relative to historical levels and were flat sequentially

OPERATIONAL DISCIPLINE - Management cited disciplined operational execution and ability to generate cash flow as supportive factors

Company press release: ID:nPn4vlnLva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-$271,000


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

Wall Street's median 12-month price target for Mind Technology Inc is $10.00, about 14.3% above its April 14 closing price of $8.75

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)