MIND Technology (MIND Technology) Net Margin %

: 11.42% (As of Oct. 2023)

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Net margin is calculated as Net Income divided by its Revenue. MIND Technology's Net Income for the three months ended in Oct. 2023 was $0.57 Mil. MIND Technology's Revenue for the three months ended in Oct. 2023 was $4.97 Mil. Therefore, MIND Technology's net margin for the quarter that ended in Oct. 2023 was 11.42%.

The historical rank and industry rank for MIND Technology's Net Margin % or its related term are showing as below:

MIND' s Net Margin % Range Over the Past 10 Years
Min: -95.72 Med: -44.92 Max: 5.18
Current: -1.11

MIND's Net Margin % is ranked worse than
67.34% of 2462 companies
in the Hardware industry
Industry Median: 2.815 vs MIND: -1.11

MIND Technology Net Margin % Historical Data

The historical data trend for MIND Technology's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Net Margin %

-46.20

-37.73

-95.72

-65.28

-25.17

MIND Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Net Margin %																-169.82	3.51	-1.91	-17.07	11.42

Competitive Comparison

For the Scientific & Technical Instruments subindustry, MIND Technology's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MIND Technology Net Margin % Distribution

For the Hardware industry and Technology sector, MIND Technology's Net Margin % distribution charts can be found below:

* The bar in red indicates where MIND Technology's Net Margin % falls into.

MIND Technology Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

MIND Technology's Net Margin for the fiscal year that ended in Jan. 2023 is calculated as

Net Margin	=	Net Income (A: Jan. 2023 )	/	Revenue (A: Jan. 2023 )
	=	-8.832	/	35.091
	=	-25.17 %

MIND Technology's Net Margin for the quarter that ended in Oct. 2023 is calculated as

Net Margin	=	Net Income (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.568	/	4.974
	=	11.42 %

MIND Technology (NAS:MIND) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

MIND Technology Net Margin % Related Terms

Thank you for viewing the detailed overview of MIND Technology's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

MIND Technology (MIND Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (NAS:MIND) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Executives

Peter H Blum	director	999 18TH STREET, STE 1700, DENVER CO 80202
Alan Perry Baden	director	2635 SUTTON COURT, HOUSTON TX 77027
Nancy Jean Harned	director	2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Mark Alan Cox	officer: Principal Accounting Officer	1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Guy Malden	officer: Co-CEO and EVP	P O BOX 1175, HUNTSVILLE TX 77342
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Robert John Albers	director	2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147
Robert P Capps	director, officer: Co-CEO and CFO
Dennis Patrick Morris	officer: Chief Operating Officer	7026 TEAL LOOP, GIG HARBOR WA 98335
William Hunter Hilarides	director	10710 OX CROFT CT., FAIRFAX STATION VA 22039
Midwood Capital Management Llc	10 percent owner	575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116
Paul Guy Rogers	officer: VP - Business Development
John F Schwalbe	director
R Dean Lewis	director