- MIND Technology (MIND, Financial) reported Q4 FY25 revenues of $15.0 million, up from $13.4 million in Q4 FY24.
- Q4 operating income reached $2.8 million with net income of $2.0 million, or $0.25 per share.
- The company is exploring strategic growth options, including acquisitions or a potential sale.
MIND Technology, Inc. (MIND) announced robust financial results for the fourth quarter and fiscal year 2025. Revenue for Q4 2025 increased to $15.0 million, a year-over-year growth from $13.4 million in Q4 2024 and a sequential increase from $12.1 million in Q3 2025.
The company achieved an operating income of $2.8 million in Q4, demonstrating a significant improvement compared to $2.3 million in the same quarter of the previous fiscal year. Net income for the quarter was reported at $2.0 million, translating to earnings of $0.25 per share.
For the full fiscal year 2025, MIND Technology reported an exceptional increase in operating income, reaching $6.8 million compared to $518,000 in fiscal 2024, signifying an impressive 1,213% growth.
As of January 31, 2025, the Marine Technology Products backlog was valued at $16.2 million. This was complemented by additional new orders amounting to $15.9 million, received after the period's end.
MIND Technology continues to maintain a healthy cash position with $5.3 million in cash on hand at the end of Q4. This financial stability provides flexibility as the company explores strategic growth opportunities, including potential acquisitions, business combinations, or even an outright sale. Lucid Capital Markets has been retained as an advisor for these strategic explorations.
Looking ahead, the company is considering filing a shelf registration statement, preparing for potential capital raises to support strategic initiatives, although no immediate needs have been identified.
