Mitcham Industries (MIND) Tops Q3 EPS by 2c, Revenues Beat

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Mitcham Industries Reports Fiscal 2020 Third Quarter Results

December 4, 2019 4:15 PM EST

THE WOODLANDS, Texas, Dec. 4, 2019 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") today announced financial results for its fiscal 2020 third quarter ended October 31, 2019.

Total revenues for the third quarter of fiscal 2020 was $10.7 million, compared to $8.9 million in the second quarter of fiscal 2020 and $14.7 million in the third quarter of fiscal 2019.  The 20% sequential improvement was driven primarily by further growth within the Marine Technology Products segment.  Year-over-year declines in revenue were primarily due to several sizeable system deliveries during the last year's third quarter, as well as incremental... More