MIND Technology, Inc. Reports Fiscal 2021 Second Quarter Results
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Mitcham Industries (MIND) Tops Q2 EPS by 18c, Revenues Miss
September 14, 2020 5:00 PM EDTMitcham Industries (NASDAQ: MIND) reported Q2 EPS of ($0.20), $0.18 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $5.09 million versus the consensus estimate of $7.3 million.
Rob Capps, MIND's Co-Chief Executive Officer, stated, "The prolonged disruptions and the decline in international activity caused by the COVID-19 pandemic continued to have a negative impact on our operations and near-term order flow. As an example, we completed a $1.8 million order at Seamap in the second quarter of this year; however, the customer was unable to arrange shipment and take delivery because of COVID-related... More
