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Upturn AI SWOT - About
MIND 
Mind Technology Inc (MIND)
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Upturn Advisory Summary
04/01/2025: MIND (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -54.03% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 46.38M USD | Price to earnings Ratio 0.97 | 1Y Target Price 8 |
Price to earnings Ratio 0.97 | 1Y Target Price 8 | ||
Volume (30-day avg) 277583 | Beta 0.94 | 52 Weeks Range 3.05 - 11.10 | Updated Date 04/2/2025 |
52 Weeks Range 3.05 - 11.10 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 6 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.92% | Operating Margin (TTM) 15.5% |
Management Effectiveness
Return on Assets (TTM) 12.05% | Return on Equity (TTM) 19.54% |
Valuation
Trailing PE 0.97 | Forward PE - | Enterprise Value 45598443 | Price to Sales(TTM) 1.03 |
Enterprise Value 45598443 | Price to Sales(TTM) 1.03 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 6.2 | Shares Outstanding 7969420 | Shares Floating 7801346 |
Shares Outstanding 7969420 | Shares Floating 7801346 | ||
Percent Insiders 2.11 | Percent Institutions 19.45 |
Analyst Ratings
Rating 5 | Target Price 8 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Mind Technology Inc
Company Overview
History and Background
MIND Technology, Inc. (formerly Mitcham Industries, Inc.) was founded in 1987. It initially focused on providing equipment and services to the oil and gas industry, particularly for seismic surveys. Over time, it diversified into other sectors like defense and security, oceanographic research, and environmental monitoring through organic growth and acquisitions.
Core Business Areas
- Seismic Equipment: Design, manufacture, and sale of specialized seismic equipment used in the acquisition of marine seismic data. This includes streamers, sources, and related equipment.
- Defense Solutions: Development and supply of specialized sonar and underwater communication systems for military and security applications.
- Services: Provides a range of support services, including equipment rental, repair, and maintenance, to its customer base.
Leadership and Structure
The leadership team consists of the CEO, CFO, CTO and other senior executives. The organizational structure is a functional structure with teams in product management, engineering, and sales.
Top Products and Market Share
Key Offerings
- Competitors: Sercel, ION Geophysical
- Sea Serpent: A digital streamer system used for acquiring high-resolution marine seismic data. Sea Serpent is used in geophysical surveys for offshore oil and gas exploration, scientific research, and other applications. Key competitors are Sercel and ION Geophysical. Market share data is not publicly available.
- Competitors: Sercel, ION Geophysical
- GunLink: A seismic source control system used to synchronize and manage multiple air guns used in marine seismic surveys. GunLink aims to increase efficiency and data quality. Key competitors are Sercel and ION Geophysical. Market share data is not publicly available.
- Competitors: Ultra Electronics, Thales
- Sonar Systems: A range of sonar products, including towed arrays and other acoustic sensors, used in underwater surveillance, mine detection, and other defense-related applications. Primary competitors are Ultra Electronics and Thales. Market share data is not publicly available.
Market Dynamics
Industry Overview
The market for seismic equipment and services is influenced by the price of oil and gas, exploration and production (E&P) spending, and technological advancements in seismic imaging. The defense and security sector is driven by government spending, geopolitical tensions, and the need for advanced underwater surveillance technologies. There is increasing focus on renewable energy exploration (offshore wind farms).
Positioning
MIND Technology Inc. aims to be a provider of both seismic solutions for the energy industry and specialized sonar systems for the defense sector. They attempt to compete through technological innovation and partnerships. However, they are smaller than their main competitors, limiting their bargaining power.
Total Addressable Market (TAM)
The TAM for seismic equipment and sonar systems is estimated to be in the billions of dollars annually. MIND Technology Inc. addresses a portion of this market through its product offerings. The TAM is expected to grow with increased offshore wind development.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio (seismic and defense)
- Specialized expertise in marine technology
- Established customer base
- Strategic partnerships
Weaknesses
- Smaller scale compared to major competitors
- Dependence on cyclical oil and gas industry
- Limited financial resources
- Inconsistent profitability
Opportunities
- Growing demand for underwater surveillance systems
- Expansion into renewable energy markets (offshore wind)
- Potential acquisitions to expand product line
- Increase in government spending on defense
Threats
- Fluctuations in oil and gas prices
- Intense competition in seismic and defense markets
- Technological obsolescence
- Geopolitical instability
Competitors and Market Share
Key Competitors
- SLB (SLB)
- Halliburton (HAL)
- Sercel (CGG)
Competitive Landscape
MIND Technology Inc. faces stiff competition from larger, more established players. Its competitive advantages lie in its specialized expertise and ability to offer customized solutions. However, it needs to address its financial weaknesses to compete effectively.
Major Acquisitions
Klein Marine Systems
- Year: 2017
- Acquisition Price (USD millions): 29.5
- Strategic Rationale: To expand MIND Technology's product line into side scan sonar and underwater imaging solutions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven, influenced by the cyclical nature of the oil and gas industry and market share gains or losses.
Future Projections: Future growth depends on the company's ability to capitalize on opportunities in the defense and renewable energy sectors, as well as improve profitability. Analyst estimates are not readily available.
Recent Initiatives: Recent initiatives include focusing on technological innovation, expanding into new markets (e.g., offshore wind), and streamlining operations to improve efficiency. Their recent contract wins in defense are promising.
Summary
MIND Technology Inc. operates in a competitive market. It needs to address profitability issues and cyclical revenue streams. Growth in defense provides upside. The company's future hinges on its ability to capitalize on emerging opportunities and secure its financial footing.
Similar Companies
HAL
Halliburton Company
HAL
Halliburton Company
SLB
Schlumberger NV
SLB
Schlumberger NV
TDY
Teledyne Technologies Incorporated
TDY
Teledyne Technologies Incorporated
Sources and Disclaimers
Data Sources:
- MIND Technology Inc. Investor Relations
- SEC Filings
- Company Presentations
- Industry Reports
- Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are subject to change. Actual results may vary.
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 145 | Website https://mind-technology.com |
Full time employees 145 | Website https://mind-technology.com | ||
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its 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. The company 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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