NETDRAGON's (00777) subsidiary Mynd.ai (MYND.US) is actively planning large-scale workforce optimization measures to enhance operational efficiency and achieve profitability, according to sources.

Mynd.ai, a U.S.-listed company, primarily engages in the sales of interactive flat panel displays (IFPD) hardware for K-12 classrooms and provides supporting SaaS-based teaching software under the Promethean brand. Its core markets are in North America and Western Europe, with a gross margin of around 30%.

Due to a surge in demand for classroom panels during the pandemic, the IFPD market entered a downturn in 2023-2025, leading Mynd.ai to gradually fall into losses. Sources indicate that the company is implementing strong directives from its board to ensure EBITDA profitability by 2026.

With the IFPD market expected to recover by 2026, Mynd.ai plans to significantly reduce administrative and back-office personnel, flatten management hierarchies, and cut overall employee costs to below $45 million—a 25% year-on-year reduction. Additionally, the company aims to relocate its SaaS R&D teams from North America and Western Europe to Asia to substantially lower software development expenses.

Currently, Mynd.ai's market capitalization stands at approximately $28 million, translating to a price-to-sales ratio of just 0.15x. According to Futuresource, a market research firm, U.S. IFPD shipments are projected to more than double from 2025 to 2029, with a 20% CAGR, driven by device replacement cycles and recovering procurement demand—signaling an end to the post-pandemic adjustment phase.

The anticipated market recovery, combined with Mynd.ai's efficiency initiatives, could lead to a dual inflection point in both performance and valuation.