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Upturn AI SWOT - About
MIND 
Mind Technology Inc (MIND)
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Upturn Advisory Summary
09/17/2025: MIND (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $10
1 Year Target Price $10
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -31.63% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 64.23M USD | Price to earnings Ratio 1.78 | 1Y Target Price 10 |
Price to earnings Ratio 1.78 | 1Y Target Price 10 | ||
Volume (30-day avg) 1 | Beta 0.66 | 52 Weeks Range 3.47 - 11.50 | Updated Date 09/17/2025 |
52 Weeks Range 3.47 - 11.50 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-09-10 | When - | Estimate 0.19 | Actual 0.24 |
Profitability
Profit Margin 8.81% | Operating Margin (TTM) 19.65% |
Management Effectiveness
Return on Assets (TTM) 11.31% | Return on Equity (TTM) 16.05% |
Valuation
Trailing PE 1.78 | Forward PE - | Enterprise Value 60191219 | Price to Sales(TTM) 1.32 |
Enterprise Value 60191219 | Price to Sales(TTM) 1.32 | ||
Enterprise Value to Revenue 1.24 | Enterprise Value to EBITDA 7.98 | Shares Outstanding 7969420 | Shares Floating 7801187 |
Shares Outstanding 7969420 | Shares Floating 7801187 | ||
Percent Insiders 2.11 | Percent Institutions 19.51 |
Upturn AI SWOT
Mind Technology Inc
Company Overview
History and Background
Mind Technology, Inc. (formerly Mitcham Industries, Inc.) was founded in 1987. Originally focused on leasing seismic equipment, it has evolved into a provider of technology and solutions for the oceanographic, hydrographic, defense, and security industries. It has transitioned from a leasing model to a development and manufacturing focused business.
Core Business Areas
- Defense Solutions: Provides advanced sonar and acoustic systems for underwater threat detection, surveillance, and communication. Includes hardware and software for signal processing and data analysis.
- Hydrographic Solutions: Offers equipment and services for seabed mapping, surveying, and infrastructure inspection. This includes sonar systems, positioning systems, and data processing software.
- Seismic Solutions: Provides seismic data acquisition systems and services for the oil and gas industry, though the focus has shifted away from this segment. Includes streamers, sources, and related equipment.
Leadership and Structure
The leadership team includes the CEO, CFO, and various VPs heading different business units. The organizational structure is functional, with departments for engineering, sales, marketing, finance, and operations.
Top Products and Market Share
Key Offerings
- Sea Serpent: A low-frequency active sonar system used for detecting submarines and other underwater threats. While exact market share data is not publicly available, it competes with systems from Thales and Lockheed Martin. The revenue generated from this product are undisclosed.
- ECHO Subsea: Provides equipment and services for the Oceanographic Market. The main competitors are Sonardyne, Teledyne Marine and Kongsberg Maritime. Revenue from this product is undisclosed.
- MAKO-3D: High-resolution seabed mapping system. Market share data is not publicly available. Key competitors are Kongsberg Maritime and Teledyne Technologies. Revenue from this product is undisclosed.
Market Dynamics
Industry Overview
The ocean technology market is growing, driven by increasing demand for underwater defense, offshore energy exploration, and environmental monitoring. The market includes suppliers of oceanographic instrumentation, seismic survey services, and subsea engineering services.
Positioning
Mind Technology Inc. occupies a niche position, providing specialized sonar and hydrographic solutions. Its competitive advantage lies in its expertise in signal processing, acoustics, and underwater technology.
Total Addressable Market (TAM)
The TAM for ocean technology is estimated to be in the billions of dollars annually. Mind Technology Inc. is positioned to capture a portion of this market by focusing on specialized applications and leveraging its technology expertise.
Upturn SWOT Analysis
Strengths
- Specialized technology in sonar and acoustics
- Experienced engineering team
- Established presence in the defense and hydrographic markets
- Proprietary software and algorithms
Weaknesses
- Relatively small size compared to major competitors
- Dependence on government contracts
- Limited financial resources
- Revenue volatility
Opportunities
- Growing demand for underwater security solutions
- Expansion into new geographic markets
- Partnerships with larger defense contractors
- Development of new technologies for underwater sensing
Threats
- Competition from larger, more established companies
- Budget cuts in defense spending
- Technological obsolescence
- Economic downturn
Competitors and Market Share
Key Competitors
- LMT
- THALES.PA
- TDY
Competitive Landscape
Mind Technology Inc. faces competition from larger, more diversified companies. Its advantages include specialized technology and a focus on niche markets. Disadvantages include limited financial resources and a smaller market presence.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent, with periods of rapid expansion followed by contractions.
Future Projections: Future growth is expected to be driven by demand for underwater security and hydrographic solutions. Analyst estimates are not widely available.
Recent Initiatives: Recent initiatives include focusing on its core strengths in sonar technology and expanding its presence in the defense market.
Summary
Mind Technology Inc. is a small company with a niche position in the ocean technology market, particularly in sonar and hydrographic solutions. Its success depends on winning government contracts and developing innovative technologies. While its specialized expertise is a strength, its limited size and financial resources pose challenges. Future growth will be determined by its ability to capitalize on opportunities in underwater security and expand its market presence.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- SEC filings (limited availability due to recent changes)
Disclaimers:
This analysis is based on publicly available information and limited financial data. It is not financial advice. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Mind Technology Inc
Exchange NASDAQ | Headquaters The Woodlands, TX, United States | ||
IPO Launch date 1994-12-19 | President, CEO & Director Mr. Robert P. Capps CPA | ||
Sector Technology | Industry Scientific & Technical Instruments | Full time employees 146 | Website https://mind-technology.com |
Full time employees 146 | Website https://mind-technology.com | ||
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.
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