Mitcham Industries (MIND) Reports Q1 Loss of $0.24/Share

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Mitcham Industries Reports Fiscal 2018 First Quarter Results

June 7, 2017 4:15 PM EDT

HUNTSVILLE, Texas, June 7, 2017 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("the Company") today announced financial results for its fiscal 2018 first quarter ended April 30, 2017.

Total revenues for the first quarter of fiscal 2018 were $18.4 million compared to $11.7 million in the first quarter of fiscal 2017.  Revenues from the Equipment Manufacturing and Sales segment decreased slightly to $6.9 million in the first quarter, compared to $7.2 million in the same period last year.  Revenues from the Equipment Leasing segment were $11.5 million in the first quarter compared to $4.5 million in the same period last year.  During... More