Mitcham Industries (MIND) Reports Q2 Loss Per Share of $0.49

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Go back to Mitcham Industries (MIND) Reports Q2 Loss Per Share of $0.49

Mitcham Industries Reports Fiscal 2016 Second Quarter Results

September 2, 2015 4:15 PM EDT

HUNTSVILLE, Texas, Sept. 2, 2015 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("the Company") today announced financial results for its fiscal 2016 second quarter ended July 31, 2015.

Total revenues for the second quarter of fiscal 2016 were $7.6 million compared to $19.5 million in the second quarter of fiscal 2015.  Equipment leasing revenues, excluding equipment sales, were $4.5 million in the second quarter compared to $8.2 million in the same period last year.  The Company reported a net loss of $5.8 million, or $(0.49) per share, in the second quarter of fiscal 2016 compared to a net loss of $3.3 million, or... More