Mind Technology Shares Fall on Revenue Decline

Dow Jones

2025/12/10

By Katherine Hamilton

Mind Technology shares fell after the company recorded lower sales in its fiscal third quarter.

The stock slid 24% to $8.10 in after-hours trading. Through the close, shares had gained a third of their value this year.

Revenue fell 20% to $9.7 million in the quarter ended Oct. 31, the provider of marine exploration technology said Tuesday.

Profit fell to $62,000, or 1 cent a share, from $1.29 million, or $2.87 a share, the year before.

The backlog of marine technology product orders related to its Seamap business was about $7.2 million as of Oct. 31, down from $12.8 million at the end of July and $26.2 million in October 2024.

Mind Technology did receive $9.5 million in additional orders after Oct. 31, it said.

Chief Executive Rob Capps said results were in line with expectations.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 09, 2025 18:45 ET (23:45 GMT)

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Through the close, shares had gained a third of their value this year. \n</p>\n<p>\n  Revenue fell 20% to $9.7 million in the quarter ended Oct. 31, the provider of marine exploration technology said Tuesday. \n</p>\n<p>\n  Profit fell to $62,000, or 1 cent a share, from $1.29 million, or $2.87 a share, the year before. \n</p>\n<p>\n  The backlog of marine technology product orders related to its Seamap business was about $7.2 million as of Oct. 31, down from $12.8 million at the end of July and $26.2 million in October 2024. \n</p>\n<p>\n  Mind Technology did receive $9.5 million in additional orders after Oct. 31, it said. \n</p>\n<p>\n  Chief Executive Rob Capps said results were in line with expectations. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2025 18:45 ET (23:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2590320211","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590320211","pubTimestamp":1765323900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Mind Technology shares fell after the company recorded lower sales in its fiscal third quarter.The stock slid 24% to $8.10 in after-hours trading. 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Through the close, shares had gained a third of their value this year. \n\n\n  Revenue fell 20% to $9.7 million in the quarter ended Oct. 31, the provider of marine exploration technology said Tuesday. \n\n\n  Profit fell to $62,000, or 1 cent a share, from $1.29 million, or $2.87 a share, the year before. \n\n\n  The backlog of marine technology product orders related to its Seamap business was about $7.2 million as of Oct. 31, down from $12.8 million at the end of July and $26.2 million in October 2024. \n\n\n  Mind Technology did receive $9.5 million in additional orders after Oct. 31, it said. \n\n\n  Chief Executive Rob Capps said results were in line with expectations. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2025 18:45 ET (23:45 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}