Mitcham Industries: Gains on higher revenue, narrowing net loss

Mind Technology

04/04/2019 17:29

** Shares of marine equipment provider  MIND.O  rise ~5 pct
to $3.96
    ** The Texas-based co's Q4 revenue surges 19 pct to $12.3
mln; net loss narrows to $4.2 mln from $7.8 mln y-o-y
 urn:newsml:reuters.com:*:nPn9xnBYJa
    ** Improved performance was due to steps taken to reposition
co to be less dependent on the oil and gas industry - CEO
    ** MIND's revenue from its marine technology products
business jumps 35 pct to $6.7 mln 
    ** Including Thursday's gains, stock up ~54 pct this year

 (Reporting by John Benny in Bengaluru)
 ((John.Benny@thomsonreuters.com; +1 646-223-8780; Reuters
Messaging: John.Benny.thomsonreuters.com@reuters.net))