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MIND Technology (MIND Technology) Pretax Margin % : -32.11% (As of Oct. 2023)


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What is MIND Technology Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MIND Technology's Pre-Tax Income for the three months ended in Oct. 2023 was $-1.60 Mil. MIND Technology's Revenue for the three months ended in Oct. 2023 was $4.97 Mil. Therefore, MIND Technology's pretax margin for the quarter that ended in Oct. 2023 was -32.11%.

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

MIND' s Pretax Margin % Range Over the Past 10 Years
Min: -76.44   Med: -43.69   Max: 6.54
Current: -6.92


MIND's Pretax Margin % is ranked worse than
75.84% of 2463 companies
in the Hardware industry
Industry Median: 3.59 vs MIND: -6.92

MIND Technology Pretax Margin % Historical Data

The historical data trend for MIND Technology's Pretax 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 Pretax Margin % Chart

MIND Technology Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -45.62 -20.69 -63.47 -58.93 -19.18

MIND Technology Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -93.65 -1.57 1.41 -16.19 -32.11

Competitive Comparison of MIND Technology's Pretax Margin %

For the Scientific & Technical Instruments subindustry, MIND Technology's Pretax Margin %, along with its competitors' market caps and Pretax 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's Pretax Margin % Distribution in the Hardware Industry

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

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



MIND Technology Pretax Margin % Calculation

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

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

Pretax Margin=Pre-Tax Income (A: Jan. 2023 )/Revenue (A: Jan. 2023 )
=-6.732/35.091
=-19.18 %

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

Pretax Margin=Pre-Tax Income (Q: Oct. 2023 )/Revenue (Q: Oct. 2023 )
=-1.597/4.974
=-32.11 %

* 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.


MIND Technology  (NAS:MIND) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


MIND Technology Pretax Margin % Related Terms

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MIND Technology (MIND Technology) Business Description

Traded in Other Exchanges
Address
2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380
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