Mind Technology Financials
| MIND Stock | USD 3.90 0.07 1.83% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Debt Equity Ratio | 0.0315 | 0.0332 |
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| Current Ratio | 2.58 | 2.7575 |
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The financial analysis of Mind Technology is a critical element in measuring its lifeblood. Investors should not minimize Mind Technology's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Net Income |
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Mind | Select Account or Indicator |
Understanding current and past Mind Technology Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Mind Technology's financial statements are interrelated, with each one affecting the others. For example, an increase in Mind Technology's assets may result in an increase in income on the income statement.
Mind Technology Earnings Geography
Please note, the presentation of Mind Technology's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Mind Technology's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Mind Technology's management manipulating its earnings.
Mind Technology Stock Summary
Mind Technology competes with Spectris Plc, Electro Sensors, Sono Tek, Vishay Precision, and Nanalysis Scientific. MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas. Mitcham Industries operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 200 people.| Foreign Associate | UK |
Specialization | Technology, Scientific & Technical Instruments |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US6025661017 |
| CUSIP | 606501104 602566101 602566309 |
| Location | Texas; U.S.A |
| Business Address | 2002 Timberloch Place, |
| Sector | Energy Equipment & Services |
| Industry | Energy |
| Benchmark | Dow Jones Industrial |
| Website | mind-technology.com |
| Phone | 281 353 4475 |
| Currency | USD - US Dollar |
Mind Technology Key Financial Ratios
| Return On Equity | 0.0668 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.14 % | ||||
| Price To Sales | 0.82 X | ||||
| Revenue | 36.51 M |
Mind Technology Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 58.2M | 39.8M | 42.0M | 32.9M | 33.5M | 31.8M | |
| Other Current Liab | 3.7M | 3.3M | 5.8M | 3.2M | 4.8M | 3.5M | |
| Net Debt | (790K) | (2.3M) | (3.3M) | 971K | (4.0M) | (3.8M) | |
| Retained Earnings | (77.3M) | (99.9M) | (117.9M) | (127.6M) | (128.3M) | (121.9M) | |
| Accounts Payable | 2.7M | 1.7M | 2.0M | 2.5M | 1.6M | 1.5M | |
| Cash | 3.1M | 4.6M | 5.1M | 778K | 5.3M | 8.0M | |
| Net Receivables | 11.9M | 4.7M | 8.1M | 4.0M | 6.6M | 6.2M | |
| Inventory | 13.3M | 11.5M | 14.0M | 15.3M | 13.4M | 7.7M | |
| Total Liab | 10.6M | 9.3M | 11.8M | 9.8M | 10.9M | 18.5M | |
| Total Current Assets | 30.6M | 26.8M | 29.2M | 22.2M | 28.3M | 34.3M | |
| Short Term Debt | 1.3M | 2.0M | 1.7M | 1.8M | 1.5M | 2.3M | |
| Other Current Assets | 2.2M | 6.0M | 2.0M | 2.1M | 3.1M | 2.5M | |
| Other Assets | 30.1M | 15.9M | 3.1M | 650K | 747.5K | 710.1K | |
| Intangible Assets | 8.2M | 6.8M | 6.0M | 4.9M | 2.9M | 2.7M | |
| Other Liab | 1.2M | 198K | 92K | 298K | 268.2K | 254.8K | |
| Net Tangible Assets | 14.9M | 562K | (13.5M) | (19.7M) | (17.7M) | (16.8M) |
Mind Technology Key Income Statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 46K | 10.5M | 926K | 519K | 467.1K | 443.7K | |
| Total Revenue | 42.7M | 21.2M | 23.1M | 35.1M | 36.5M | 48.5M | |
| Gross Profit | 16.6M | 7.3M | 6.0M | 13.0M | 14.8M | 13.9M | |
| Operating Income | (9.6M) | (11.8M) | (14.5M) | (7.6M) | 518K | 543.9K | |
| Ebit | (9.6M) | (13.5M) | (13.6M) | (5.4M) | 518K | 543.9K | |
| Ebitda | (1.1M) | (10.7M) | (11.4M) | (4.1M) | 1.7M | 1.6M | |
| Cost Of Revenue | 26.1M | 13.9M | 17.1M | 22.1M | 21.7M | 29.4M | |
| Income Before Tax | (10.4M) | (13.5M) | (13.6M) | (6.7M) | 238K | 249.9K | |
| Net Income | (11.3M) | (14.0M) | (13.6M) | (7.4M) | (2.1M) | (2.2M) | |
| Income Tax Expense | 878K | 536K | (39K) | 699K | 1.3M | 1.3M | |
| Research Development | 1.9M | 3.0M | 3.6M | 3.4M | 2.1M | 1.6M | |
| Non Recurring | 2.5M | 200K | 2.8M | 3.2M | 2.9M | 1.9M | |
| Tax Provision | 878K | 536K | (39K) | 699K | 1.3M | 1.5M |
Mind Technology Key Cash Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (6.3M) | 1.4M | 503K | (4.3M) | 4.5M | 4.7M | |
| Free Cash Flow | (9.8M) | (6.9M) | (18.0M) | (3.5M) | (5.3M) | (5.5M) | |
| Depreciation | 7.8M | 4.6M | 2.2M | 1.9M | 1.2M | 1.1M | |
| Capital Expenditures | 4.0M | 566K | 834K | 582K | 290K | 275.5K | |
| Net Income | (11.3M) | (20.3M) | (15.1M) | (8.8M) | (1.1M) | (1.2M) | |
| End Period Cash Flow | 3.2M | 4.6M | 5.1M | 778K | 5.3M | 7.3M | |
| Other Non Cash Items | 1.9M | 3.4M | (537K) | 1.1M | (766K) | (727.7K) | |
| Change To Inventory | (2.8M) | 1.2M | (3.1M) | (1.8M) | (3.6M) | (3.4M) | |
| Change To Netincome | 3.4M | 920K | 3.8M | 2.0M | 2.3M | 1.8M | |
| Dividends Paid | 2.1M | 1.7M | 2.5M | 1.9M | 946K | 1.1M | |
| Change Receivables | 4.4M | 1.3M | (1.7M) | 4.6M | 5.3M | 5.6M | |
| Investments | (2.1M) | 3.2M | 5.4M | 470K | 11.0M | 11.6M |
Mind Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mind Technology's current stock value. Our valuation model uses many indicators to compare Mind Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mind Technology competition to find correlations between indicators driving Mind Technology's intrinsic value. More Info.Mind Technology is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.79 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Mind Technology is roughly 1.27 . At present, Mind Technology's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Mind Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Mind Technology Systematic Risk
Mind Technology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mind Technology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Mind Technology correlated with the market. If Beta is less than 0 Mind Technology generally moves in the opposite direction as compared to the market. If Mind Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mind Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mind Technology is generally in the same direction as the market. If Beta > 1 Mind Technology moves generally in the same direction as, but more than the movement of the benchmark.
Mind Technology Thematic Clasifications
Mind Technology is part of Electronics investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Electronic manufacturers. Companies manufacturing electronic appliances and goods
This theme covers Electronic manufacturers. Companies manufacturing electronic appliances and goods. Get More Thematic Ideas
| Electronics | View |
Today, most investors in Mind Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Mind Technology's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Mind Technology growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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Mind Technology November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Mind Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mind Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mind Technology based on widely used predictive technical indicators. In general, we focus on analyzing Mind Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mind Technology's daily price indicators and compare them against related drivers.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 4.4 |
Complementary Tools for Mind Stock analysis
When running Mind Technology's price analysis, check to measure Mind Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.
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