MIND Technology, Inc.

MINDP

MINDPMIND Technology, Inc. US flag

NASDAQ Global Select

13.30

USD

-0.19

- -

5.30MMarket Cap

Income Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	55	71	113	105	92	83	52	41	48	43	30	21	23	25	37
+ Sales & Services Revenue	55	71	113	105	92	83	52	41	48	43	30	21	23	25	37
- Cost of Revenue	37	45	55	67	60	60	49	48	42	31	17	14	17	15	21
+ Cost of Goods & Services	37	45	55	67	60	60	49	48	42	31	17	14	17	15	21
Gross Profit	18	27	58	37	32	23	3	-7	6	12	13	7	6	10	16
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	17	20	23	24	26	30	24	24	24	25	18	19	21	16	15
+ Selling, General & Admin	15	17	21	23	24	25	18	20	20	21	14	13	15	13	12
+ Research & Development	- -	- -	- -	- -	- -	- -	1	1	2	1	2	3	4	1	2
+ Other Operating Expense	2	3	2	1	3	5	5	3	3	3	2	3	2	1	1
Operating Income (Loss)	1	7	35	14	6	-7	-21	-31	-18	-13	-6	-12	-15	-6	1
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	3	7	- -	2	7	1	2	-1	- -	- -
+ Interest Expense, Net	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	1	1	1	1	- -	1	1	1	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	3	6	-1	2	7	1	2	-1	- -	- -
Pretax Income	1	7	34	14	6	-10	-28	-31	-20	-20	-6	-13	-14	-5	- -
- Income Tax Expense (Benefit)	- -	2	10	-4	1	-1	11	2	1	- -	- -	1	- -	1	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	5	24	17	5	-9	-39	-33	-21	-20	-7	-14	-14	-6	-1
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	6	2	3	-1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	-6	-2	-3	1
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	13	3	5	-3
Income (Loss) Incl. MI	1	5	24	17	5	-9	-39	-33	-21	-20	-11	-20	-15	-9	- -
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	5	24	17	5	-9	-39	-33	-21	-20	-11	-20	-15	-9	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	1	2	2	2	3	4	4
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	5	24	17	5	-9	-39	-34	-22	-22	-13	-23	-18	-13	-4
EBIT	1	7	35	14	6	-7	-21	-31	-18	-13	-6	-12	-15	-6	1
EBITDA	20	30	63	49	37	30	11	-3	-2	-1	2	-7	-12	-4	2
EBITDA Margin (%)	35.55	41.53	56.12	46.66	40	36.37	21.42	-7.35	-3.32	-2.81	7.48	-33.8	-53.36	-15.04	5.57
EBITA	1	7	35	14	6	-7	-21	-31	-18	-13	-6	-12	-15	-6	1
Gross Margin (%)	32.85	37.33	51.18	35.74	34.76	27.97	5.15	-18.08	12.6	27.34	43.3	34.45	26.06	39.78	43.74
Operating Margin (%)	1.58	9.7	30.61	13.28	6.3	-8.11	-40.54	-76.32	-37.79	-30.32	-18.48	-55.61	-62.94	-22.59	1.42
Profit Margin (%)	0.94	6.63	21.55	16.29	5.18	-11.06	-74.75	-80.86	-43.64	-46.2	-37.73	-95.72	-65.28	-35.31	0.75
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	19	23	29	35	31	37	32	28	17	12	8	5	2	2	2
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	35	45	65	58	62	54	43	35	33	36	39	27	29	22	28
+ Cash, Cash Equivalents & STI	6	15	15	15	15	5	4	3	10	9	3	5	5	1	5
+ Cash & Cash Equivalents	6	15	15	15	15	5	4	3	10	9	3	5	5	1	5
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	19	22	38	25	31	27	22	16	10	12	7	5	8	3	7
+ Accounts Receivable, Net	15	18	38	25	31	27	22	16	10	12	7	5	8	3	7
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	2	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	5	5	7	6	8	11	13	12	11	11	13	11	14	11	13
+ Raw Materials	3	2	3	3	5	7	7	6	5	5	7	7	9	7	9
+ Work In Process	1	1	1	1	1	1	2	1	1	1	3	2	4	3	4
+ Finished Goods	2	2	4	4	4	4	5	6	6	5	4	3	4	3	2
+ Inventory Adjustments	-1	-1	-1	-1	-1	-1	-1	-1	-2	-1	-1	-1	-2	-1	-2
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	4	4	5	11	8	10	4	4	2	4	17	6	2	7	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	81	93	133	133	143	125	92	60	41	29	19	13	13	11	5
+ Property, Plant & Equip, Net	66	79	120	120	130	100	74	44	23	14	8	6	6	3	2
+ Property, Plant & Equip	159	175	233	251	272	254	244	233	189	162	25	22	21	12	11
- Accumulated Depreciation	93	96	112	132	142	154	171	189	166	148	17	16	15	9	9
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	14	14	13	13	14	25	18	16	18	15	11	7	7	8	3
+ Total Intangible Assets	7	10	9	8	8	16	15	13	11	13	11	7	6	4	3
+ Goodwill	4	4	4	4	4	6	4	4	3	3	3	- -	- -	- -	- -
+ Other Intangible Assets	3	5	5	4	3	11	10	9	8	10	8	7	6	4	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	7	4	4	5	6	9	4	3	7	2	- -	- -	1	4	- -
Total Assets	115	138	198	190	205	180	135	95	74	65	58	40	42	33	33
+ Payables & Accruals	11	12	22	9	12	6	9	4	5	3	3	4	5	5	5
+ Accounts Payable	6	5	13	7	11	2	4	2	1	2	2	2	2	2	2
+ Accrued Taxes	1	1	2	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3	5	7	2	2	4	5	3	3	1	1	2	2	1	1
+ ST Debt	- -	3	1	- -	- -	3	3	6	- -	- -	1	1	1	1	1
+ ST Borrowings	- -	3	1	- -	- -	3	3	6	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1
+ Other ST Liabilities	1	1	1	1	- -	1	- -	3	3	4	4	3	5	3	4
+ Deferred Revenue	1	1	1	1	- -	1	- -	1	2	2	1	1	3	- -	4
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	1	1	3	3	2	2	3	1
Total Current Liabilities	11	16	24	9	12	10	12	13	8	7	8	8	11	9	10
+ LT Debt	16	23	13	4	22	23	17	- -	- -	- -	1	1	1	1	1
+ LT Borrowings	16	23	13	4	22	23	17	- -	- -	- -	- -	1	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	1
+ Other LT Liabilities	3	4	6	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -
+ Accrued Liabilities	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3	3	5	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -
Total Noncurrent Liabilities	19	28	19	5	23	23	17	- -	- -	1	2	2	1	1	1
Total Liabilities	30	43	43	14	35	33	30	14	8	9	11	9	12	10	11
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	7	12	18	22	23	38	38	38
+ Share Capital & APIC	76	78	114	117	118	120	121	122	122	123	124	128	129	130	113
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	76	77	114	117	118	120	121	121	122	123	124	128	129	130	113
- Treasury Stock	5	5	5	5	7	17	17	17	17	17	17	17	17	17	- -
+ Retained Earnings	10	15	39	56	61	52	13	-20	-42	-64	-77	-100	-118	-128	-128
+ Other Equity	4	7	7	8	-2	-9	-12	-11	-9	-4	-4	-4	-2	- -	- -
Equity Before Minority Interest	85	95	155	176	170	146	105	81	66	57	48	30	30	23	23
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	85	95	155	176	170	146	105	81	66	57	48	30	30	23	23
Total Liabilities & Equity	115	138	198	190	205	180	135	95	74	65	58	40	42	33	33
Shares Outstanding	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	1	2	2	1
Net Debt	10	12	-1	-11	7	21	17	3	-10	-9	-3	-4	-5	-1	-5
Net Debt to Equity	11.42	12.54	-0.71	-6.11	4.13	14.46	15.91	4.29	-15.04	-16.57	-6.48	-12.37	-16.9	-3.37	-23.36
Tangible Common Equity Ratio	71.92	66.28	77.38	92.26	82.33	79.69	75.26	74.2	69.31	48.44	31.29	1.7	-37.59	-62.82	-58.9
Current Ratio	3.03	2.87	2.72	6.11	5	5.41	3.44	2.6	4.39	4.89	4.67	3.42	2.73	2.49	2.76
Cash Conversion Cycle	41.24	77.83	70.15	90.75	102.77	149.21	242.78	241.05	183.99	206.01	334.18	364.35	338.77	317.71	233

Cash Flow Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	1	5	24	17	5	-9	-39	-33	-21	-20	-11	-20	-15	-9	- -
+ Depreciation & Amortization	19	23	29	35	31	37	32	28	17	12	8	5	2	2	2
+ Non-Cash Items	2	- -	-2	-14	-5	-1	16	3	-1	5	3	4	- -	2	-2
+ Stock-Based Compensation	1	1	1	2	1	1	1	1	1	1	1	1	1	1	- -
+ Deferred Income Taxes	- -	- -	- -	-10	-2	-3	10	1	- -	1	1	- -	- -	- -	- -
+ Asset Impairment Charge	- -	-1	- -	- -	- -	- -	4	- -	1	- -	1	3	- -	- -	- -
+ Other Non-Cash Adj	1	1	-4	-6	-4	1	1	1	-3	3	1	1	-1	1	-2
+ Chg in Non-Cash Work Cap	-7	2	-15	6	-10	-1	5	5	6	-3	-6	5	-4	2	-4
+ (Inc) Dec in Accts Receiv	-5	-1	-17	7	-9	1	- -	7	4	1	-2	5	-3	5	-3
+ (Inc) Dec in Inventories	-1	1	-3	1	-3	- -	1	1	1	-1	-3	1	-3	-2	-4
+ (Inc) Dec in Prepaid Assets	-3	- -	-1	3	-1	-4	5	-1	1	-1	-1	1	-1	- -	-1
+ Inc (Dec) in Accts Payable	- -	2	3	-4	- -	-2	1	-2	- -	-1	- -	-3	1	1	- -
+ Inc (Dec) in Other	2	1	3	- -	3	5	-1	1	- -	-1	- -	1	2	-2	4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	14	30	36	44	21	25	15	3	1	-5	-6	-6	-17	-3	-5
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	3	2	7	11	7	3	2	5	10	6	2	2	- -	- -	- -
+ Disp of Fixed Prod Assets	3	2	7	11	7	3	2	5	10	6	2	2	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-27	-33	-64	-46	-44	-20	-3	-1	-1	-3	-4	-1	-1	-1	- -
+ Acq of Fixed Prod Assets	-27	-33	-64	-46	-44	-20	-3	-1	-1	-3	-4	- -	-1	-1	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	31	- -	-2	-10	- -	- -	- -	- -	- -	4	- -	- -	- -
+ Increase in Capital Stock	- -	- -	31	- -	- -	- -	- -	- -	- -	- -	- -	4	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-2	-10	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-2	- -	- -	- -	-14	-10	- -	- -	- -	- -	- -	1	- -	11
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	11
+ Cash for Acq of Subs	- -	-2	- -	- -	- -	-14	-10	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	- -	2	5	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-24	-33	-57	-35	-37	-31	-10	4	9	- -	-2	3	5	- -	11
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	-1	-2	-2	-2	-3	-2	-1
+ Net Cash From Debt	9	9	-12	-10	18	4	-6	-14	-6	- -	- -	2	- -	- -	-1
+ Cash From Debt	9	10	- -	- -	18	9	- -	- -	- -	- -	- -	2	- -	- -	3
+ Repayments of Debt	- -	-1	-12	-10	- -	-5	-6	-14	-6	- -	- -	- -	- -	- -	-4
+ Other Financing Activities	1	1	3	- -	1	- -	- -	7	4	7	4	1	15	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	11	10	22	-10	17	-5	-6	-7	-3	5	2	5	12	-2	-2
Effect of Foreign Exchange Rates	- -	1	- -	- -	-1	1	-1	-1	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	8	1	- -	1	-11	-1	- -	7	- -	-6	1	- -	-4	5
EBITDA	20	30	63	49	37	30	11	-3	-2	-1	2	-7	-12	-4	2
EBITDA Margin (%)	35.55	41.53	56.12	46.66	40	36.37	21.42	-7.35	-3.32	-2.81	7.48	-33.8	-53.36	-15.04	5.57
Free Cash Flow	-13	-3	-28	-1	-23	5	13	2	-1	-8	-10	-7	-18	-3	-5
Net Cash Paid for Acquisitions	- -	2	- -	- -	- -	14	10	- -	- -	- -	- -	- -	-1	- -	-11
Free Cash Flow to Firm	-13	-2	-27	- -	-23	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5
Free Cash Flow to Equity	- -	9	-34	- -	2	13	9	- -	7	3	-6	-4	-6	-7	-10
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	27.09	6.37	1.48	2.6	4.45	-2.74	-0.39	-0.1	-0.03	0.28	0.52	0.31	1.14	0.33	-18.13
Capital Expenditures	-27	-33	-64	-46	-44	-20	-3	-1	-1	-3	-4	-1	-1	-1	- -