Mind Technology Inc (DE:MI70)
NASDAQ:MI70
Earnings Data
Report Date
Jun 10, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0Last Year’s EPS
-0.1Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The earnings call presents a mixed but resilient picture: the company delivered positive adjusted EBITDA for the year, modest net income, improved gross margins, strong liquidity ($19.1M cash, $37M working capital), and a large, recurring aftermarket revenue base (~60%). At the same time, near-term demand is clouded by geopolitical and macro uncertainty leading to deferred orders, a Q4 net loss, higher G&A from stock compensation, and an expectation that fiscal 2027 revenue will be lower than fiscal 2026. Management is optimistic about long-term demand, pursuing larger opportunities with new trade finance capability, and focused on disciplined capital allocation and potential M&A to add scale. Overall, positives around profitability, margins, liquidity, and recurring aftermarket strength are offset by near-term order timing risk and expected revenue decline in the coming year, resulting in a balanced outlook.Company Guidance
Revenue and Scale
Marine technology product revenues of $9.8 million in Q4 and $40.9 million for fiscal 2026; Q4 revenue was essentially flat sequentially but slightly below internal expectations due to delivery timing.
Recurring Aftermarket Strength
Aftermarket business accounted for about 60% of fiscal 2026 revenue, providing a stable, recurring revenue stream with generally better margins than large system sales.
Gross Margin Improvement
Full year gross profit of approximately $18.7 million, representing a 46% gross margin in fiscal 2026 versus 45% in fiscal 2025 (≈ +1 percentage point), driven by product mix and production efficiencies.
Positive Adjusted EBITDA and FY Net Income
Fourth quarter adjusted EBITDA was $1.1 million and full year adjusted EBITDA was $5.3 million; net income for fiscal 2026 was approximately $750 thousand after income tax expense of $2.2 million.
Strong Liquidity and Clean Balance Sheet
Significant working capital of approximately $37 million, including $19.1 million cash on hand as of 01/31/2026; company remains debt-free with a simplified capital structure.
Operational Capacity and Trade Finance
Expanded Hessville facility increases manufacturing and repair capacity; entered a trade finance facility with HSBC to support pursuit of larger projects (flexibility for $10M+ opportunities).
Order Activity and Backlog
Received long-anticipated orders totaling about $9.5 million during the fourth quarter; roughly half delivered during Q4 with the remainder expected early in fiscal 2027; backlog reported at approximately $13.9 million as of 01/31/2026.
Cost Structure and R&D Discipline
Ongoing cost structure optimization and production efficiencies supporting margins; R&D spend was modest (Q4 R&D ≈ $389 thousand, down sequentially and vs prior year) while focused on streamer systems and source controllers.
DE:MI70 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:MI70 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 15, 2026 | €7.25 | €7.25 | 0.00% |
Dec 09, 2025 | €8.70 | €6.50 | -25.29% |
Sep 09, 2025 | €7.90 | €7.90 | 0.00% |
Jun 10, 2025 | €6.15 | €5.40 | -12.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mind Technology Inc (DE:MI70) report earnings?
Mind Technology Inc (DE:MI70) is schdueled to report earning on Jun 10, 2026, After Close (Confirmed).
What is Mind Technology Inc (DE:MI70) earnings time?
Mind Technology Inc (DE:MI70) earnings time is at Jun 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mind Technology Inc stock?
The P/E ratio of MIND Technology is N/A.
What is DE:MI70 EPS forecast?
DE:MI70 EPS forecast for the fiscal quarter 2027 (Q1) is 0.