Mitcham Industries (MIND) Misses Q1 EPS by 31c, Revenues Miss

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Go back to Mitcham Industries (MIND) Misses Q1 EPS by 31c, Revenues Miss

Mitcham Industries Reports Fiscal 2021 First Quarter Results

June 10, 2020 4:20 PM EDT

THE WOODLANDS, Texas, June 10, 2020 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") today announced financial results for its fiscal 2021 first quarter ending April 30, 2020.

Total revenues for the first quarter of fiscal 2021 were $7.4 million compared to $13.3 million in the fourth quarter of fiscal 2020 and $9.9 million in the first quarter of fiscal 2020.  The year over year decline was attributable to a 46% decline in Marine Technology Products segment revenues, partially offset by a 6% increase in Equipment Leasing segment revenues. 

The Company reported a net loss of $6.6... More