MIND Technology Q1 revenue rises to $9.7 million; net loss narrows to $411,000
MIND Technology reported fiscal 2027 first-quarter results for the period ended April 30, 2026, with revenue of about $9.7 million, up from $7.9 million a year earlier, and a net loss of $411,000, or $0.05 per share, compared with $970,000 a year earlier. Seamap marine technology backlog fell to $7.6 million from $21.1 million a year earlier, and management cited significant macro uncertainty and reduced near-term visibility.
Key points
- Revenue of $9.7 million, up from $7.9 million in the first quarter of fiscal 2026 and down from $9.8 million in the fourth quarter of fiscal 2026.
- Operating income of $14,000, compared with an operating loss of $658,000 a year earlier.
- Net loss of $411,000, or $0.05 per share, versus a net loss of $970,000, or $0.12 per share, a year earlier.
- Marine Technology Product backlog at Seamap was $7.6 million at April 30, 2026, versus $13.9 million at January 31, 2026 and $21.1 million at April 30, 2025.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.