Mitcham Industries (MIND, Financial) has announced its financial results for the fourth quarter, highlighting a notable increase in revenue. The company reported earnings of $15 million for the quarter, an improvement from $13.4 million in the same period the previous year.
The company's President and CEO, Rob Capps, emphasized the firm's ongoing profitable performance, attributing the success in part to a robust backlog and strong market conditions. He expressed confidence that these factors would support continued growth into fiscal 2026, despite potential quarterly fluctuations.
Mitcham Industries also reported positive cash flow from operations during the quarter and concluded the period with cash reserves amounting to approximately $5.3 million. This financial strength underscores MIND's solid footing and positions the company well for future developments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for MIND Technology Inc (MIND, Financial) is $8.00 with a high estimate of $8.00 and a low estimate of $8.00. The average target implies an upside of 47.06% from the current price of $5.44. More detailed estimate data can be found on the MIND Technology Inc (MIND) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, MIND Technology Inc's (MIND, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
