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MIND Technology (DE:MI70)
FRANKFURT:MI70

MIND Technology (MI70) Price & Analysis

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MI70 Stock Chart & Stats

€4.70
-€0.22(-4.47%)
At close: 4:00 PM EDT
€4.70
-€0.22(-4.47%)

Bulls Say, Bears Say

Bulls Say
Conservative Balance SheetA very low debt load and increasing equity provide durable financial flexibility. Over the next several quarters this reduces refinancing risk, supports bidding on larger contracts that require working capital or bonds, and gives management optionality for opportunistic M&A or capex without stressing solvency.
Recurring Aftermarket RevenueA stable aftermarket base representing roughly half of revenue creates a predictable revenue floor and higher lifetime customer value. This recurring service and parts stream moderates cyclicality from lumpier system sales and supports steady gross margins and planning over multiple quarters.
Improving Profitability & Margin StabilityThe move from losses to positive adjusted EBITDA and a small operating profit indicates structural cost discipline and operational leverage. Sustained ~42% gross margins and margin-focused actions imply the company can convert revenue into consistent operating cash over time if volume normalizes.
Bears Say
Weak Cash GenerationPersistent negative TTM operating and free cash flow increases execution and liquidity risk despite reported profitability. Over a multi-quarter horizon this can limit investments, require external financing for growth or bonds, and reduce the company’s ability to absorb order timing volatility.
Steep Backlog DeclineA sharp multi-period fall in booked orders materially reduces near-term revenue visibility and utilization. If backlog conversion continues to lag, the company may face underused capacity and margin pressure, increasing reliance on aftermarket sales rather than higher-margin system contracts.
Demand & Guidance WeaknessGuidance that next fiscal year will be below the prior year combined with customer delays signals structural demand headwinds. Over several quarters, this can compress top-line growth, delay margin recovery tied to scale, and elevate execution risk on large pipeline opportunities.

MIND Technology News

MI70 FAQ

What was MIND Technology’s price range in the past 12 months?
MIND Technology lowest stock price was €3.92 and its highest was €12.40 in the past 12 months.
    What is MIND Technology’s market cap?
    MIND Technology’s market cap is €39.25M.
      When is MIND Technology’s upcoming earnings report date?
      MIND Technology’s upcoming earnings report date is Sep 16, 2026 which is in 42 days.
        How were MIND Technology’s earnings last quarter?
        MIND Technology released its earnings results on Jun 10, 2026. The company reported €0.006 earnings per share for the quarter, beating the consensus estimate of €0 by €0.006.
          Is MIND Technology overvalued?
          According to Wall Street analysts MIND Technology’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does MIND Technology pay dividends?
            MIND Technology does not currently pay dividends.
            What is MIND Technology’s EPS estimate?
            MIND Technology’s EPS estimate is -0.07.
              How many shares outstanding does MIND Technology have?
              MIND Technology has 9,089,055 shares outstanding.
                What happened to MIND Technology’s price movement after its last earnings report?
                MIND Technology reported an EPS of €0.006 in its last earnings report, beating expectations of €0. Following the earnings report the stock price went down -11.066%.
                  Which hedge fund is a major shareholder of MIND Technology?
                  Currently, no hedge funds are holding shares in DE:MI70
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    MIND Technology Stock Smart Score

                    2
                    Underperform
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                    Company Description

                    MIND Technology

                    MIND Technology, Inc., together with its subsidiary companies, delivers specialized technological solutions to a range of sectors, including oceanography, hydrography, defense, seismic exploration, and maritime security. Their core product line features advanced systems such as the GunLink, which facilitates the precise acquisition, monitoring, and control of seismic energy sources for marine surveys. The BuoyLink RGPS tracking system is vital for accurately positioning marine seismic energy sources and streamers. Other key offerings include Digishot energy source controllers, Sleeve Gun energy sources, and the SeaLink series of marine sensors and solid streamer systems. Beyond these primary products, MIND supplies various components like streamer weight collars, depth and pressure transducers, air control valves, and source array systems. The company also provides critical support services, encompassing spare parts, replacement components, repair and engineering assistance, comprehensive training, field service operations, and umbilical terminations. Additionally, they offer side scan sonar equipment and related systems. MIND serves a diverse customer base, including governmental organizations and commercial entities, distributing its products through an internal sales force and a vast global network of distributors and representatives. The company boasts a significant international presence, with operations spanning the United States, Europe, Canada, Latin America, the Asia/South Pacific region, and Eurasia. Founded in 1987, MIND Technology, Inc., previously known as Mitcham Industries, Inc., maintains its corporate headquarters in The Woodlands, Texas.

                    MIND Technology (MI70) Earnings & Revenues

                    MI70 Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Neutral
                    The call presented a balanced picture: several operational and financial strengths (positive adjusted EBITDA, stable 42% gross margin, ~50% recurring aftermarket revenue, strong liquidity and a clean balance sheet, and a sizable pipeline) contrast with meaningful near-term headwinds (a steep decline in firm backlog, geopolitical-driven order delays, a FY27 revenue outlook below FY26, a taxable position in Singapore causing a material tax expense, and elevated SG&A in Q1). Management is optimistic on long-term prospects and has options to scale, but conversion risk and near-term softness create uncertainty.View all DE:MI70 earnings summaries
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