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Upturn AI SWOT - About
MIND 
Mind Technology Inc (MIND)
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Upturn Advisory Summary
07/03/2025: MIND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $8
1 Year Target Price $8
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -37.96% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 64.55M USD | Price to earnings Ratio 1.93 | 1Y Target Price 8 |
Price to earnings Ratio 1.93 | 1Y Target Price 8 | ||
Volume (30-day avg) 1 | Beta 0.7 | 52 Weeks Range 3.05 - 11.10 | Updated Date 07/4/2025 |
52 Weeks Range 3.05 - 11.10 | Updated Date 07/4/2025 | ||
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 2025-06-11 | When - | Estimate 0.08 | Actual -0.12 |
Profitability
Profit Margin 6.99% | Operating Margin (TTM) -8.33% |
Management Effectiveness
Return on Assets (TTM) 9.55% | Return on Equity (TTM) 12.53% |
Valuation
Trailing PE 1.93 | Forward PE - | Enterprise Value 56601310 | Price to Sales(TTM) 1.43 |
Enterprise Value 56601310 | Price to Sales(TTM) 1.43 | ||
Enterprise Value to Revenue 1.26 | Enterprise Value to EBITDA 8.94 | Shares Outstanding 7969420 | Shares Floating 7801187 |
Shares Outstanding 7969420 | Shares Floating 7801187 | ||
Percent Insiders 2.11 | Percent Institutions 33.7 |
Upturn AI SWOT
Mind Technology Inc
Company Overview
History and Background
MIND Technology, Inc., formerly known as Mitcham Industries, Inc., was founded in 1938. Initially focused on supplying seismic equipment, it has evolved into a provider of technology for marine survey and defense applications. Significant milestones include expansion into adjacent markets and strategic acquisitions to enhance its technology portfolio.
Core Business Areas
- Seismic Technology: Provides equipment and services for seismic exploration, including hydrophones, cables, and source controllers.
- Defense Technology: Develops and manufactures underwater acoustic systems for defense and security applications, including sonar systems and communication devices.
- Vessel Management: Provides services related to vessel charter and operation.
Leadership and Structure
The company is led by its CEO and a team of executives overseeing various functional areas. The organizational structure is based on business segments (Seismic, Defense, Vessel), with corporate support functions.
Top Products and Market Share
Key Offerings
- Sea Serpent: A towed array system for marine seismic surveys. Competitors include WesternGeco (Schlumberger) and CGG. Market share data is difficult to obtain precisely, but MIND Technology is a smaller player compared to the larger service companies.
- GunLink: A seismic source controller used to trigger airguns in seismic surveys. Competitors include Sercel and ION Geophysical. Again market share is difficult to obtain precisely, but MIND Technology is a smaller player compared to the larger service companies.
- Passive Acoustic Monitoring (PAM) Systems: Systems for underwater monitoring and surveillance. Competitors include Sonardyne and Teledyne Marine. Specific market share data is not readily available.
Market Dynamics
Industry Overview
The marine geophysical services industry is driven by oil and gas exploration and production, as well as renewable energy projects. The defense sector is driven by demand for advanced underwater surveillance and communication technologies.
Positioning
MIND Technology occupies a niche position by providing specialized equipment and solutions, often focusing on specific applications or custom requirements. Their competitive advantage lies in their technical expertise and ability to tailor solutions to customer needs.
Total Addressable Market (TAM)
The overall marine geophysical services market is estimated in the billions of USD annually. The defense and security underwater acoustic market is similarly large. MIND Technology focuses on specific segments within these markets, addressing a smaller portion of the overall TAM. Its market position allows it to capture contracts which are not well suited for larger, more generalized geophysical companies.
Upturn SWOT Analysis
Strengths
- Specialized technology expertise
- Custom solution development capabilities
- Established relationships with key customers
- Experience in difficult to serve industries
Weaknesses
- Smaller scale compared to major competitors
- Reliance on cyclical industries (oil and gas)
- Limited marketing and sales resources
- History of negative profitability
Opportunities
- Growth in offshore wind energy development
- Increasing demand for underwater security technologies
- Potential for strategic partnerships and acquisitions
- Government programs to secure infrastructure in the sea and ports
Threats
- Volatility in oil and gas prices
- Intense competition from larger players
- Technological obsolescence
- Geopolitical risks affecting defense spending
Competitors and Market Share
Key Competitors
- Schlumberger (SLB)
- CGG (CGG)
- Teledyne Technologies (TDY)
- Sercel (subsidiary of CGG)
Competitive Landscape
MIND Technology faces intense competition from larger, more established players. However, it can differentiate itself through specialized technology and custom solutions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven due to the cyclical nature of the oil and gas industry.
Future Projections: Future growth is expected to be driven by diversification into new markets, such as offshore wind and defense.
Recent Initiatives: Recent initiatives include development of new underwater acoustic technologies and expansion of defense-related contracts.
Summary
MIND Technology is a small player in a competitive market, offering specialized seismic and defense technologies. Its strengths lie in its technical expertise, but it faces challenges related to scale and cyclical industries. Growth opportunities exist in emerging markets like offshore wind and defense, but the company must navigate intense competition. Their financial health is unclear without up-to-date data, and their overall viability depends on strategic execution and market diversification.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- SEC Filings
- Market Research Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Real-time financial data is not included. Consult with a financial professional before making any investment decisions.
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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