MIND Technology Q2 Loss Widens as Revenue Falls 59% to $5.6M
The Woodlands, Texas – September 12, 2026 -- MIND Technology, Inc. (NASDAQ: MIND) reported a $1.7 million net loss for its fiscal 2027 second quarter ended July 31, 2026, as revenue fell to $5.6 million from $13.6 million a year earlier.
Revenue drops 59% year-over-year amid marine survey market slowdown
Second-quarter revenue of $5.6 million compares with $9.7 million in the prior quarter and $13.6 million in the same period last year. The company swung to an operating loss of $1.8 million, versus operating income of $14,000 in the first quarter and $2.7 million a year earlier.