Mitcham Industries (MIND) Reports Q3 Loss of $0.06, Revenues Beat

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Go back to Mitcham Industries (MIND) Reports Q3 Loss of $0.06, Revenues Beat

Mitcham Industries Reports Fiscal 2019 Third Quarter Results

December 6, 2018 6:00 AM EST

HUNTSVILLE, Texas, Dec. 6, 2018 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") today announced financial results for its fiscal 2019 third quarter ended October 31, 2018.

Total revenues for the third quarter of fiscal 2019 increased 71% to $14.7 million, compared to $8.6 million in the third quarter of fiscal 2018 and $8.4 million in the second quarter of fiscal 2019, driven by both an increase in orders for marine technology products as well as an uptick in leasing revenues.  Revenues from the Marine Technology Products segment rose 55% to $9.3 million in the third quarter, compared to... More