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MIND logo MIND
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MIND logo

Mind Technology Inc (MIND)

Upturn stock ratingUpturn stock rating
$8.66
Last Close (24-hour delay)
Profit since last BUY-7.79%
upturn advisory
SELL
SELL since 4 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

09/15/2025: MIND (1-star) is a SELL. SELL since 4 days. Simulated Profits (-7.79%). Updated daily EoD!

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

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

Analysts Price Target For last 52 week
$10 Target price
52w Low $3.47
Current$8.66
52w High $11.5

Analysis of Past Performance

Type Stock
Historic Profit -31.63%
Avg. Invested days 34
Today’s Advisory SELL
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/15/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 69.02M USD
Price to earnings Ratio 2.06
1Y Target Price 10
Price to earnings Ratio 2.06
1Y Target Price 10
Volume (30-day avg) 1
Beta 0.66
52 Weeks Range 3.47 - 11.50
Updated Date 09/15/2025
52 Weeks Range 3.47 - 11.50
Updated Date 09/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.2

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 -
When -
Estimate -
Actual -

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 2.06
Forward PE -
Enterprise Value 57318557
Price to Sales(TTM) 1.42
Enterprise Value 57318557
Price to Sales(TTM) 1.42
Enterprise Value to Revenue 1.27
Enterprise Value to EBITDA 9.05
Shares Outstanding 7969420
Shares Floating 7801187
Shares Outstanding 7969420
Shares Floating 7801187
Percent Insiders 2.11
Percent Institutions 19.51

ai summary icon Upturn AI SWOT

Mind Technology Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 146

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.