MIND Technology, Inc. (NASDAQ: MIND) announced financial results for its fiscal 2026 second quarter.
Revenues for the second quarter of fiscal 2026 were approximately $13.6 million compared to $7.9 million for the first quarter of fiscal 2026 and $10.0 million for the second quarter of fiscal 2025.
The Company reported an operating income of approximately $2.7 million for the second quarter of fiscal 2026 compared to an operating loss of $658,000 for the first quarter of fiscal 2026 and operating income of $1.4 million for the second quarter of fiscal 2025.
Revenues Growth
Revenues increased significantly from the previous quarter and the same quarter last year.
Profitability Improvement
Operating income and net income showed considerable improvement compared to the previous quarters.
Backlog and Prospects
While the backlog decreased, the company remains optimistic about upcoming orders replenishing the backlog.
- MIND Technology delivered strong results for the second quarter, showing positive Adjusted EBITDA and profitability.
- The company's focus on after-market activities contributed significantly to its revenue stream.
- Despite economic uncertainty, MIND Technology remains well-positioned for long-term success.
MIND Technology, Inc. has shown resilience and efficiency in its operations, delivering favorable results despite challenges. The company's strategic positioning and focus on shareholder value bode well for its future growth and success.