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MIND Technology (DE:MI70)
FRANKFURT:MI70

MIND Technology (MI70) Price & Analysis

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MI70 Stock Chart & Stats

€3.58
-€0.22(-4.47%)
At close: 4:00 PM EDT
€3.58
-€0.22(-4.47%)

Bulls Say, Bears Say

Bulls Say
Conservative Balance SheetDebt below $1M against about $40.3M of equity and $36.7M of working capital give MIND a substantial buffer while demand recovers. This conservative financing reduces solvency pressure and preserves capacity to fund operations, technology investment, and selective strategic initiatives without heavy interest burdens.
Recurring Aftermarket RevenueAftermarket revenue from spare parts, repairs, service, and support provides a recurring base when new system orders are difficult to predict. This mix can improve revenue durability, customer continuity, and business resilience across uneven marine technology purchasing cycles.
Large Project PipelineA pipeline several times larger than the current backlog gives MIND meaningful potential beyond contracted work, including projects of substantial individual size. Converting even part of this opportunity could rebuild backlog, improve capacity utilization, and support a broader recovery in revenue.
Bears Say
Sharp Revenue And Profit DeteriorationThe sharp TTM revenue decline and return to a net loss indicate that recent demand weakness is materially reducing operating scale and earnings power. Until sales recover, thin below-gross-line margins may leave profitability vulnerable and limit internally funded investment.
Declining Backlog And Weaker GuidanceA 63% year-over-year backlog decline, combined with guidance for fiscal 2027 results below fiscal 2026, reduces near-term revenue visibility. Customer delays and slower order conversion make it harder to plan production, absorb fixed costs, and restore earnings consistently over coming quarters.
Negative Cash GenerationNegative trailing operating and free cash flow show that the business is not currently self-funding, despite positive cash flow in fiscal 2026. The history of volatile cash generation raises execution risk and could require tighter spending or liquidity management if demand remains weak.

MIND Technology News

MI70 FAQ

What was MIND Technology’s price range in the past 12 months?
MIND Technology lowest stock price was €3.42 and its highest was €12.40 in the past 12 months.
    What is MIND Technology’s market cap?
    MIND Technology’s market cap is €30.63M.
      When is MIND Technology’s upcoming earnings report date?
      MIND Technology’s upcoming earnings report date is Dec 15, 2026 which is in 94 days.
        How were MIND Technology’s earnings last quarter?
        MIND Technology released its earnings results on Sep 08, 2026. The company reported -€0.112 earnings per share for the quarter, missing the consensus estimate of -€0.069 by -€0.043.
          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 -0.12.
              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 -€0.112 in its last earnings report, missing expectations of -€0.069. Following the earnings report the stock price went same 0%.
                  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

                    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 Company Deck

                    MI70 Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Negative
                    The call was cautious and pressured in the near term. The company reported a sharp year-over-year deterioration in operating results, a substantial backlog decline, delayed customer commitments, and an expectation that fiscal 2027 results will be below fiscal 2026. These challenges were partly offset by resilient recurring aftermarket revenue, substantial liquidity, a debt-free balance sheet, a solid project pipeline, technology investment, and management's confidence in the longer-term market opportunity.View all DE:MI70 earnings summaries
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