MIND Technology Reports Q4 Earnings with Resilient Aftermarket Revenue
MIND Technology reported fiscal 2026 marine product revenue of $40.9M with a 46% gross margin and $5.3M adjusted EBITDA, driven largely by aftermarket activity. Despite delays in large system deliveries, the company maintains a strong balance sheet and expects to remain cash-flow positive in 2027. Customer hesitation due to macroeconomic and geopolitical uncertainty is affecting large system purchases.
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Topics: aftermarket activity balance sheet earnings call marine technology outlook revenue