Mind Technology Shares Fall on Revenue Decline

Dow Jones

Dec 10, 2025

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\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"}}}