Mind Technology Inc. Q3 revenue falls to USD 9.7 million, down 20 percent
Mind Technology Inc. reported revenues of USD 9.7 million for the third quarter (Q3) ended October 31, 2025. For the nine months (9M) ended October 31, 2025, revenues were USD 31.2 million. The company indicated that general inflation, supply chain issues, and increased energy costs have led to higher component prices, but these factors have not materially impacted revenues or results of operations over the past two fiscal years. Mind Technology Inc. reported net cash provided by financing activities of approximately USD 10.8 million for the nine-month period, primarily related to sales of common stock. The company stated it had foreign bank deposits of approximately USD 4.9 million as of October 31, 2025. No material changes were noted in critical accounting estimates during the reporting period.
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