Mitcham Industries (MIND) Tops Q2 EPS by 18c, Revenues Miss

Go back to Mitcham Industries (MIND) Tops Q2 EPS by 18c, Revenues Miss

MIND Technology, Inc. Reports Fiscal 2021 Second Quarter Results

September 14, 2020 4:45 PM EDT

THE WOODLANDS, Texas, Sept. 14, 2020 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or "the Company") today announced financial results for its fiscal 2021 second quarter ending July 31, 2020.

Revenues from continuing operations for the second quarter of fiscal 2021 were $5.1 million compared to $3.2 million in the first quarter of fiscal 2021 and $6.8 million in the second quarter of fiscal 2020.  The year-over-year decline was primarily attributable to the impact of COVID restrictions, which caused shipment delays from the Company's Seamap business and a temporary shutdown of production facilities. 

During the second quarter of fiscal 2021,... More