MIND Technology, Inc. Reports Fiscal 2021 Third Quarter Results
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Mitcham Industries (MIND) Misses Q3 EPS by 2c, Revenues Beat
December 3, 2020 4:29 PM ESTMitcham Industries (NASDAQ: MIND) reported Q3 EPS of ($0.24), $0.02 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $6.54 million versus the consensus estimate of $5.1 million.
Rob Capps, MIND's Co-Chief Executive Officer, stated, "Our third quarter results for fiscal 2021 came in somewhat ahead of expectations despite the negative impact that COVID-19 restrictions have had on the global marine industry. Revenues rose almost 29% sequentially, benefiting from an uptick in order activity for our seismic exploration products.
"Certain market trends in the marine seismic industry are expected to drive higher... More
