MIND Technology Reports Q1 2026 Earnings with Revenue Decline and Operating Loss
MIND Technology (MIND) reported Q1 2026 earnings with a revenue decline of 18% year-over-year to $7.9 million, driven by delayed orders. The company recorded an operating loss of $658,000 and a net loss of $970,000, primarily due to shipment delays and lower volume absorption.
Topics: adjusted EBITDA backlog cash flow earnings gross profit net loss operating loss revenue working capital