Mind Historical Income Statement
| MIND Stock | USD 7.18 0.88 13.97% |
Historical analysis of Mind Technology income statement accounts such as Gross Profit of 13.9 M can show how well Mind Technology performed in making a profits. Evaluating Mind Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mind Technology's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Mind Technology latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mind Technology is a good buy for the upcoming year.
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About Mind Income Statement Analysis
Mind Technology Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Mind Technology shareholders. The income statement also shows Mind investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Mind Technology Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Mind Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mind Technology. It is also known as Mind Technology overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Mind Technology income statement and represents the costs associated with goods and services Mind Technology provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Mind Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mind Technology current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.At present, Mind Technology's Other Operating Expenses is projected to decrease significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 543.9 K, whereas Interest Expense is forecasted to decline to about 443.7 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 20.6M | 20.6M | 14.3M | 20.4M | Cost Of Revenue | 17.1M | 22.1M | 21.7M | 29.4M |
Mind Technology income statement Correlations
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Mind Technology Account Relationship Matchups
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Mind Technology income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 8.5M | 2.8M | 2.2M | 1.3M | 1.2M | 1.1M | |
| 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 | |
| Other Operating Expenses | 52.3M | 33.0M | 37.7M | 42.7M | 36.0M | 49.8M | |
| Operating Income | (9.6M) | (11.8M) | (14.5M) | (7.6M) | 518K | 543.9K | |
| Ebit | (9.6M) | (13.5M) | (13.6M) | (5.4M) | 913K | 958.7K | |
| Ebitda | (1.1M) | (10.7M) | (11.4M) | (4.1M) | 2.1M | 2.0M | |
| Cost Of Revenue | 26.1M | 13.9M | 17.1M | 22.1M | 21.7M | 29.4M | |
| Total Operating Expenses | 26.2M | 19.1M | 20.6M | 20.6M | 14.3M | 20.4M | |
| Income Before Tax | (10.4M) | (13.5M) | (13.6M) | (6.7M) | 238K | 249.9K | |
| Total Other Income Expense Net | (794K) | (1.7M) | 926K | 256K | (280K) | (294K) | |
| 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 | |
| Selling General Administrative | 19.7M | 12.6M | 14.8M | 15.3M | 12.1M | 15.3M | |
| Net Income Applicable To Common Shares | (13.3M) | (22.6M) | (18.0M) | (12.6M) | (11.4M) | (10.8M) | |
| Research Development | 1.9M | 3.0M | 3.6M | 3.4M | 2.1M | 1.6M | |
| Net Income From Continuing Ops | (11.3M) | (14.0M) | (13.6M) | (7.4M) | (1.1M) | (1.2M) | |
| Non Recurring | 2.5M | 200K | 2.8M | 3.2M | 2.9M | 1.9M | |
| Non Operating Income Net Other | (498K) | (6.6M) | 12K | 862K | 775.8K | 814.6K | |
| Tax Provision | 878K | 536K | (39K) | 699K | 1.3M | 1.5M | |
| Preferred Stock And Other Adjustments | 905K | 1.7M | 2.1M | 2.3M | 2.6M | 1.6M | |
| Reconciled Depreciation | 7.8M | 4.6M | 2.2M | 1.9M | 1.5M | 1.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mind Technology. If investors know Mind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6 | Revenue Per Share 27.074 | Quarterly Revenue Growth 0.327 | Return On Assets 0.0525 | Return On Equity 0.0668 |
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.