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  • Today

  • Apr 29, 2024

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    • 4:15PM ET on Monday Apr 29, 2024 by PR Newswire
      Companies Mentioned: MIND

      MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the "Company") today announced financial results for its fiscal 2024fourth quarter and year ended January 31, 2024.

      Revenues from continuing operations for the fourth quarter of fiscal 2024 were approximately $13.4 million compared to $5.0million in the third quarter of fiscal 2024 and $8.9 million in the fourth quarter of fiscal 2023.

    • 4:15PM ET on Monday Apr 29, 2024 by Dow Jones
      Companies Mentioned: MIND
      For the Three Months Ended For the Twelve Months January 31, Ended January 31, ------------------ ------------------------- 2024 2023 2024 2023 -------- -------- -------- --------------- (in thousands) (in thousands) Reconciliation of Net Income (loss) to EBITDA and Adjusted EBITDA from continuing operations Net income (loss) $ 1,441 $ 666 $ 274 $ (8,832) Interest expense, net $ 98 $ -- $ 634 $ 4 Depreciation and amortization 286 473 1,516 1,887 Provision for income taxes 742 319 1,355 699 ------- ------- ------- -------------- EBITDA 2,567 1,458 3,779 (6,242) (Income) loss from discontinued operations net of depreciation and amortization 54 (85) (1,729) 2,196 Stock-based compensation (3) 130 261 654 ------- ------- ------- -------------- Adjusted EBITDA from continuing operations (1) $ 2,618 $ 1,503 $ 2,311 $ (3,392) ======= ======= ======= ============== Reconciliation of Net Cash Used In Operating Activities to EBITDA Net cash provided by (used in) operating activities $ 657 $ (653) $(4,967) $ (2,905) Stock-based compensation 3 (130) (261) (654) Provision for inventory obsolescence (318) (377) (341) (445) Changes in accounts receivable (current and long-term) 2,681 118 3,318 (4,864) Interest paid 98 -- 634 -- Taxes paid, net of refunds 230 -- 847 371 Gain on sale of other equipment 91 670 476 939 Gain on the sale of Klein (50) 2,343 Changes in inventory 427 (1,143) 3,601 1,756 Changes in accounts payable, accrued expenses and other current liabilities and deferred revenue (2,674) 2,534 (2,744) 1,223 Changes in prepaid expenses and other current and long-term assets 1,413 516 847 10 Non-cash cumulative translation adjustment for discontinued operations -- -- -- (1,626) Other 9 (77) 26 (47) ------- ------- ------- -------------- EBITDA (1) $ 2,567 $ 1,458 $ 3,779 $ (6,242) ======= ======= ======= ==============
    • 4:15PM ET on Monday Apr 29, 2024 by Dow Jones
      Companies Mentioned: MIND

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