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MIND News
MIND Events
Markets Decline as U.S.-Iran Tensions Rise, S&P 500 Down 0.4%
Markets returned from the extended holiday weekend to familiar macro-oriented concerns - the continued escalation of tensions between U.S. and Iran in the Middle East propping up energy prices while also elevating inflation expectations that are contributing to higher interest rates. Major indices were down across the board, with Dow Jones Industrials - where Energy is a relatively smaller and Healthcare is a relatively larger contributor vs. S&P 500 - having an outsized 600 point, or 1.2% decline. S&P 500 - where Energy was the best performing sector and Healthcare was the worst - was predictably down by a much smaller margin of 0.4%, though the index was also boosted by AI capex-specific areas. The eight best performing stocks in the S&P 500 today, including Lumentum, Intel, and Seagateare all in the AI buildout momentum space.In the opening hour of the evening session index futures are flat, though sentiment is fragile as steady headlines profiling U.S.-Iran hostilities are impacting the oil markets. WTI crude oil has extended its gains above $94 per barrel, a multi-month high. Precious metals are also under pressure despite USD retreat, with traders likely scaling out of last months' winning trades in preparation for CPI and PPI data this week, which could solidify expectations of a Fed tightening later this month.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -InnovAge Holdingup 9.4%ALSO HIGHER -Chime Financialup 9.2% after acquisition of Stride Bank and raised guidanceDOWN AFTER EARNINGS -ServiceTitandown 20.3%MIND Technologydown 12.9%Brazedown 12.0%Casey's General Storesdown 8.5%Barnes & Noble Educationdown 1.9%ALSO LOWER -Evommunedown 15.1% after EV0756 trial did not meet primary and secondary endpointsTarget Hospitalitydown 6.9% after equity offeringIngram Microdown 5.6% after equity offering
MIND Q2 Revenue Falls to $5.6M
Reports Q2 revenue $5.6M vs. $13.6M last year. The backlog of Marine Technology Product orders related to our Seamap segment was approximately $4.8M as of July 31, compared to $7.6M at April 30, and $12.8M at July 31, 2025. Rob Capps, MIND's President and CEO, stated, "Our Q2 results continue to reflect ongoing market softness, offset to some extent by the resilience of our after-market business. In recent quarters, we have been candid about how macro uncertainty has limited our near-term visibility. This is impacting order flow and affecting our overall results. However, we continue to benefit from the foundation that our after-market business provides. During the second quarter, this component of our business contributed approximately 87% of total revenue, giving us a durable base when new system orders are difficult to time. This allows us to stay patient and opportunistic rather than reactive."
Q1 Revenue Reports at $9.7M
Reports Q1 revenue $9.7M…
S&P 500 and Nasdaq Hit Record Highs, Morgan Stanley Q1 Beats Expectations
New records highs in the S&P 500 and Nasdaq Composite indices - along with a retreat in the Vix index to the lowest level since the start of the U.S.-Iran conflict - suggest that investors are looking through the geopolitical uncertainty. Instead, with more large banks reporting constructive results, including Morgan Stanley'sQ1 beat this morning that sent the stock to all-time highs, the markets are positioning for further risk-on flows. Tech was the standout sector on Wednesday, with beaten down Software names extending their strong performance this week, followed by Consumer Cyclicals and Communication Services, whereas Basic Materials and Industrials - areas of refuge throughout the AI disruption narrative - underperformed.In the opening hour of the evening session, U.S. equity futures are flat, though WTI Crude Oil remains under pressure near $90. FT report of a potential ceasefire between Israel and Lebanon - a sticking point in the U.S.-Iran negotiation process - is continuing the theme of de-escalation in the Middle East.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -J.B. Huntup 1.8%ALSO HIGHER -CareDxup 8.4% after Q1 pre-announcement, Lab Products divestmentVoyager Technologiesup 8.1% after NASA order announcementPPG Industriesup 5.0% after positive Q1 pre-announcement, price increaseEuroseasup 2% after contract extension for EM KeaConagra Brandsup 1.0% on insider buying activityDOWN AFTER EARNINGS -MIND Technologydown 16.8%SL Green Realtydown 2.5%Home BancShares, Inc.down 1.4%ALSO LOWER -QuidelOrthodown 18.9% after below-consensus Q1 pre-announcementFord Motordown 1% after departure of EV executive
MIND Reports Q4 Revenue of $9.8M
Reports Q4 revenue $9.8M vs. $9.7M last year. CEO Rob Capps stated, "Despite lower operating income and a small net loss for Q4, our overall performance in FY26 demonstrates MIND's ability to deliver favorable results amid an uncertain and evolving macro environment. We generated another year of meaningful cash flow from operations and positive earnings and Adjusted EBITDA, supported by disciplined operational execution and our ability to capitalize on pockets of demand. While uncertainty has persisted across our markets, Seamap revenues remain elevated relative to historical levels and were flat sequentially with Q3. Although overall customer interest and engagement remain positive, we have seen customers defer order commitments for larger systems due to economic uncertainty and geopolitical turmoil....I believe MIND is well positioned to capitalize on opportunities as they emerge across our end markets. ...Looking ahead, we expect our results for FY27 to be down when compared to FY26. Despite this view, we expect to maintain positive cash flow and intend to leverage our enhanced liquidity, which includes cash on hand of approximately $19.1M, to position MIND for improved financial results as market conditions stabilize..."
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