Mitcham Industries (MIND) Reports Q1 Loss of $0.52/Share

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Go back to Mitcham Industries (MIND) Reports Q1 Loss of $0.52/Share

Mitcham Industries Reports Fiscal 2019 First Quarter Results

June 6, 2018 4:15 PM EDT

HUNTSVILLE, Texas, June 6, 2018 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") today announced financial results for its fiscal 2019 first quarter ended April 30, 2018.

Total revenues for the first quarter of fiscal 2019 were $7.6 million compared to $18.4 million in the first quarter of fiscal 2018, largely driven by a decline in the sale of lease pool equipment and delays in orders for marine technology products.  The Company had sold $8.8 million of lease pool equipment during the first quarter of fiscal 2018. Revenues from the Marine Technology Products segment fell to $3.6... More