THE WOODLANDS, Texas,
Dec. 3, 2020 /PRNewswire/
-- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or the
"Company") today announced financial results for its fiscal 2021
third quarter ending October 31,
2020.
Revenues from continuing operations for the third quarter of
fiscal 2021 were $6.5 million
compared to $5.1 million in the
second quarter of fiscal 2021 and $8.2
million in the third quarter of fiscal 2020. The
sequential improvement was primarily due to an increase in activity
and the completion of SeaLink towed streamer orders.
The loss from continuing operations for the third quarter of
fiscal 2021 was approximately $2.4
million compared to a loss of $1.3
million in the third quarter of fiscal 2020. The Company
reported a net loss per share from continuing operations of
$(0.24) in the third quarter of
fiscal 2021 compared to a loss per share of $(0.15) in the third quarter of fiscal 2020.
Adjusted EBITDA from continuing operations for the third quarter
of fiscal 2021 was a loss of $1.5
million compared to a loss of $423,000 in the third quarter of fiscal 2020.
Adjusted EBITDA from continuing operations, which is a
non-GAAP measure, is defined and reconciled to reported net loss
from continuing operations and cash provided by operating
activities in the accompanying financial tables. These are the most
directly comparable financial measures calculated and presented in
accordance with United States
generally accepted accounting principles. Backlog as of
October 31, 2020 was approximately
$8.2 million compared to $7.6 million at July 31,
2020 and $8.9 million at
January 31, 2020. The loss from
discontinued operations in the third quarter of fiscal 2021 was
approximately $1.2 million compared
to the loss from discontinued operations of $709,000 in the third quarter of fiscal 2020.
As has been previously disclosed, the Company is exiting the
land leasing business as part of its recently completed
reincorporation and rebranding process. Accordingly, the
Equipment Leasing segment has been treated as a discontinued
operation, and the associated results are excluded from the
Company's results from continuing operations for all periods
presented. Assets and liabilities associated with the
Equipment Leasing segment have been reclassified as "held for sale"
in the accompanying consolidated condensed balance sheet.
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 demand for our products and core
technologies in both the near and long term. For instance, we
are seeing a growing use of un-manned marine vehicles in the
commercial and military sector, increasing demand for higher
resolution underwater sonar images, and seeking solutions for both
anti-submarine warfare (ASW) and maritime security applications
using commercially developed technologies. In response to
these trends, we have established certain strategic initiatives
that will allow us to address market needs, such as developing
sensor packages for un-manned vehicles, partnering with a European
contractor to jointly upgrade next-generation sonar systems, and
utilizing proven passive array technology within ASW and maritime
security applications. In total, we estimate that our
serviceable market, that is the markets that we can address with
current and planned products, is approximately $1.3 billion per year.
"We believe that these market trends will increase demand for
certain sonar and seismic technologies in the marine industry, and
we continue to be optimistic about the future," continued
Capps. "We remain the foremost supplier of source controller
technology to the seismic exploration market and are seeing a
heightened level of customer interest in upgrading capabilities,
some of which we believe are unique to our products. Recent order
activity for our source controller products is, we believe, an
indication of this interest. We intend to build on our strengths
and add innovative new technologies to our portfolio while
leveraging our existing technologies into novel new solutions that
can economically address the needs of the global marine
marketplace.
"At the end of October, our backlog was up by about 8% from the
end of the previous quarter, which gives us high confidence in a
positive trend for near-term order flow in the fourth quarter and
into the fiscal 2022 year. The Company is well-positioned to
capture growth opportunities as they develop, and our balance sheet
gives us the financial flexibility to execute on our strategy to
become the leading provider of innovative marine technology and
products," concluded Capps.
CONFERENCE CALL
Management has scheduled a conference call for Friday, December 4th at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss fiscal 2021
third quarter results. To access the call, please dial (412)
902-0030 and ask for the MIND Technology call at least 10 minutes
prior to the start time. Investors may also listen to the
conference live on the MIND Technology website,
http://mind-technology.com, by logging onto the site and
clicking "Investor Relations." A telephonic replay of the
conference call will be available through December 11, 2020 and may be accessed by calling
(201) 612-7415 and using passcode 13713498#. A webcast archive will
also be available at http://mind-technology.com shortly after the
call and will be accessible for approximately 90 days. For
more information, please contact Dennard
Lascar Investor Relations by email
MIND@dennardlascar.com.
ABOUT MIND TECHNOLOGY
MIND Technology, Inc. provides technology and solutions for
exploration, survey and defense applications in oceanographic,
hydrographic, defense, seismic and security industries.
Headquartered in The Woodlands,
Texas, MIND Technology has a global presence with key
operating locations in the United
States, Singapore,
Malaysia and the United
Kingdom. Its Klein and Seamap units design, manufacture and
sell specialized, high performance sonar and seismic
equipment. For more information, visit
http://mind-technology.com.
Forward-looking Statements
Certain statements and information in this press release
concerning results for the quarter ended October 31, 2020 may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements contained in this
press release other than statements of historical fact, including
statements regarding our future results of operations and financial
position, our business strategy and plans, and our objectives for
future operations, are forward-looking
statements. The words "believe," "expect,"
"anticipate," "plan," "intend," "should," "would," "could" or other
similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature.
These forward-looking statements are based on our current
expectations and beliefs concerning future developments and their
potential effect on us. While management believes that these
forward-looking statements are reasonable as and when made, there
can be no assurance that future developments affecting us will be
those that we anticipate. All comments concerning our
expectations for future revenues and operating results are based on
our forecasts of our existing operations and do not include the
potential impact of any future acquisitions or dispositions.
Our forward-looking statements involve significant risks and
uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially
from our historical experience and our present expectations or
projections. These risks and uncertainties include, without
limitation, reductions in our customers' capital budgets, our own
capital budget, limitations on the availability of capital or
higher costs of capital, volatility in commodity prices for oil and
natural gas and the extent of disruptions caused by the COVID-19
outbreak.
For additional information regarding known material factors
that could cause our actual results to differ from our projected
results, please see our filings with the SEC, including our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date
hereof. We undertake no obligation to publicly update or
revise any forward-looking statements after the date they are made,
unless required by law, whether as a result of new information,
future events or otherwise. All forward-looking
statements included in this press release are expressly qualified
in their entirety by the cautionary statements contained or
referred to herein.
Tables to Follow
MIND TECHNOLOGY,
INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in
thousands, except per share
data) (unaudited)
|
|
|
October 31,
2020
|
|
January 31,
2020
|
ASSETS
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
2,664
|
|
|
$
|
3,090
|
|
Restricted
cash
|
—
|
|
|
144
|
|
Accounts receivable,
net of allowance for doubtful accounts of $1,044 and $2,378
at October 31, 2020 and January 31, 2020,
respectively
|
5,609
|
|
|
6,623
|
|
Inventories,
net
|
11,880
|
|
|
12,656
|
|
Prepaid expenses and
other current assets
|
1,278
|
|
|
1,987
|
|
Assets held for
sale
|
5,440
|
|
|
14,913
|
|
Total current
assets
|
26,871
|
|
|
39,413
|
|
Property and
equipment, net
|
4,954
|
|
|
5,419
|
|
Operating lease
right-of-use assets
|
1,363
|
|
|
2,300
|
|
Intangible assets,
net
|
6,831
|
|
|
8,136
|
|
Goodwill
|
—
|
|
|
2,531
|
|
Other
assets
|
774
|
|
|
429
|
|
Total
assets
|
$
|
40,793
|
|
|
$
|
58,228
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
|
1,441
|
|
|
$
|
1,767
|
|
Deferred
revenue
|
205
|
|
|
731
|
|
Accrued expenses and
other current liabilities
|
2,468
|
|
|
1,565
|
|
Income taxes
payable
|
691
|
|
|
316
|
|
Operating lease
liabilities - current
|
280
|
|
|
1,339
|
|
Liabilities held for
sale
|
1,133
|
|
|
2,730
|
|
Total current
liabilities
|
6,218
|
|
|
8,448
|
|
Operating lease
liabilities - non-current
|
1,083
|
|
|
961
|
|
Notes
payable
|
1,607
|
|
|
—
|
|
Other non-current
liabilities
|
797
|
|
|
967
|
|
Deferred tax
liability
|
134
|
|
|
200
|
|
Total
liabilities
|
9,839
|
|
|
10,576
|
|
Shareholders'
equity:
|
|
|
|
Preferred stock, $1.00
par value; 2,000 shares authorized; 994 shares issued and
outstanding at October 31, 2020 and
January 31, 2020
|
22,104
|
|
|
22,104
|
|
Common stock, $0.01
par value; 40,000 shares authorized; 14,773 and 14,097 shares
issued at October 31, 2020, and
January 31, 2020, respectively
|
148
|
|
|
141
|
|
Additional paid-in
capital
|
125,810
|
|
|
123,964
|
|
Treasury stock, at
cost (1,929 shares at October 31, 2020 and January 31,
2020)
|
(16,860)
|
|
|
(16,860)
|
|
Accumulated
deficit
|
(95,823)
|
|
|
(77,310)
|
|
Accumulated other
comprehensive loss
|
(4,425)
|
|
|
(4,387)
|
|
Total shareholders'
equity
|
30,954
|
|
|
47,652
|
|
Total liabilities and
shareholders' equity
|
$
|
40,793
|
|
|
$
|
58,228
|
|
MIND TECHNOLOGY,
INC. CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS (in thousands, except per share
data) (unaudited)
|
|
|
|
For the Three
Months Ended October 31,
|
|
For the Nine
Months Ended October 31,
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
Revenues:
|
|
|
|
|
|
|
|
|
Sale of marine
technology products
|
|
$
|
6,541
|
|
|
$
|
8,175
|
|
|
$
|
14,814
|
|
|
$
|
21,039
|
|
Total
revenues
|
|
6,541
|
|
|
8,175
|
|
|
14,814
|
|
|
21,039
|
|
Cost of
sales:
|
|
|
|
|
|
|
|
|
Sale of marine
technology products
|
|
4,267
|
|
|
4,860
|
|
|
10,039
|
|
|
12,478
|
|
Total cost of
sales
|
|
4,267
|
|
|
4,860
|
|
|
10,039
|
|
|
12,478
|
|
Gross
profit
|
|
2,274
|
|
|
3,315
|
|
|
4,775
|
|
|
8,561
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Selling, general and
administrative
|
|
2,973
|
|
|
3,401
|
|
|
8,915
|
|
|
10,538
|
|
Research and
development
|
|
912
|
|
|
629
|
|
|
2,077
|
|
|
1,442
|
|
Impairment of
intangible assets
|
|
—
|
|
|
—
|
|
|
2,531
|
|
|
—
|
|
Depreciation and
amortization
|
|
662
|
|
|
604
|
|
|
2,092
|
|
|
1,810
|
|
Total operating
expenses
|
|
4,547
|
|
|
4,634
|
|
|
15,615
|
|
|
13,790
|
|
Operating
loss
|
|
(2,273)
|
|
|
(1,319)
|
|
|
(10,840)
|
|
|
(5,229)
|
|
Other income
(expense):
|
|
|
|
|
|
|
|
|
Other, net
|
|
12
|
|
|
(31)
|
|
|
68
|
|
|
145
|
|
Total other income
(expense)
|
|
12
|
|
|
(31)
|
|
|
68
|
|
|
145
|
|
Loss from continuing
operations before income taxes
|
|
(2,261)
|
|
|
(1,350)
|
|
|
(10,772)
|
|
|
(5,084)
|
|
(Provision) benefit
for income taxes
|
|
(109)
|
|
|
31
|
|
|
79
|
|
|
75
|
|
Loss from continuing
operations
|
|
(2,370)
|
|
|
(1,319)
|
|
|
(10,693)
|
|
|
(5,009)
|
|
Loss from
discontinued operations, net of income taxes
|
|
(1,220)
|
|
|
(709)
|
|
|
(6,143)
|
|
|
(2,570)
|
|
Net loss
|
|
$
|
(3,590)
|
|
|
$
|
(2,028)
|
|
|
$
|
(16,836)
|
|
|
$
|
(7,579)
|
|
Preferred stock
dividends
|
|
(559)
|
|
|
(522)
|
|
|
(1,677)
|
|
|
(1,492)
|
|
Net loss attributable
to common shareholders
|
|
$
|
(4,149)
|
|
|
$
|
(2,550)
|
|
|
$
|
(18,513)
|
|
|
$
|
(9,071)
|
|
Net loss per common
share: - Basic
|
|
|
|
|
|
|
|
|
Continuing
operations
|
|
$
|
(0.24)
|
|
|
$
|
(0.15)
|
|
|
$
|
(1.01)
|
|
|
$
|
(0.54)
|
|
Discontinued
operations
|
|
$
|
(0.10)
|
|
|
$
|
(0.06)
|
|
|
$
|
(0.50)
|
|
|
$
|
(0.21)
|
|
Net loss
|
|
$
|
(0.34)
|
|
|
$
|
(0.21)
|
|
|
$
|
(1.51)
|
|
|
$
|
(0.75)
|
|
Net loss per common
share: - Diluted
|
|
|
|
|
|
|
|
|
Continuing
operations
|
|
$
|
(0.24)
|
|
|
$
|
(0.15)
|
|
|
$
|
(1.01)
|
|
|
$
|
(0.54)
|
|
Discontinued
operations
|
|
$
|
(0.10)
|
|
|
$
|
(0.06)
|
|
|
$
|
(0.50)
|
|
|
$
|
(0.21)
|
|
Net loss
|
|
$
|
(0.34)
|
|
|
$
|
(0.21)
|
|
|
$
|
(1.51)
|
|
|
$
|
(0.75)
|
|
Shares used in
computing net loss per common share:
|
|
|
|
|
|
|
|
|
Basic
|
|
12,313
|
|
|
12,158
|
|
|
12,223
|
|
|
12,135
|
|
Diluted
|
|
12,313
|
|
|
12,158
|
|
|
12,223
|
|
|
12,135
|
|
MIND TECHNOLOGY,
INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS (in thousands) (unaudited)
|
|
|
|
For the Nine
Months Ended
October 31,
|
|
|
2020
|
|
2019
|
Cash flows from
operating activities:
|
|
|
|
|
Net loss
|
|
$
|
(16,836)
|
|
|
$
|
(7,579)
|
|
Adjustments to
reconcile net loss to net cash used in operating
activities:
|
|
|
|
|
Depreciation and
amortization
|
|
3,920
|
|
|
5,806
|
|
Stock-based
compensation
|
|
562
|
|
|
612
|
|
Impairment of
intangible assets
|
|
2,531
|
|
|
—
|
|
Loss on disposal of
discontinued operations
|
|
1,859
|
|
|
—
|
|
Provision for doubtful
accounts, net of charge offs
|
|
470
|
|
|
23
|
|
Provision for
inventory obsolescence
|
|
256
|
|
|
—
|
|
Gross profit from sale
of lease pool equipment
|
|
(1,326)
|
|
|
(987)
|
|
Gross profit from sale
of other equipment
|
|
(303)
|
|
|
—
|
|
Deferred tax
expense
|
|
(32)
|
|
|
135
|
|
Non-current prepaid
tax
|
|
—
|
|
|
(157)
|
|
Changes in:
|
|
|
|
|
Accounts
receivable
|
|
3,640
|
|
|
(1,020)
|
|
Unbilled
revenue
|
|
(6)
|
|
|
(302)
|
|
Inventories
|
|
762
|
|
|
(2,835)
|
|
Prepaid expenses and
other current and long-term assets
|
|
1,065
|
|
|
240
|
|
Income taxes
receivable and payable
|
|
390
|
|
|
—
|
|
Accounts payable,
accrued expenses and other current liabilities
|
|
(1,827)
|
|
|
(392)
|
|
Deferred
revenue
|
|
72
|
|
|
1,979
|
|
Foreign exchange
losses net of gains
|
|
—
|
|
|
230
|
|
Net cash used in
operating activities
|
|
(4,803)
|
|
|
(4,247)
|
|
Cash flows from
investing activities:
|
|
|
|
|
Purchases of seismic
equipment held for lease
|
|
(110)
|
|
|
(1,939)
|
|
Purchases of property
and equipment
|
|
(64)
|
|
|
(893)
|
|
Sale of used lease
pool equipment
|
|
2,010
|
|
|
1,415
|
|
Sale of assets held
for sale
|
|
734
|
|
|
—
|
|
Sale of business, net
of cash sold
|
|
—
|
|
|
239
|
|
Net cash provided by
(used in) investing activities
|
|
2,570
|
|
|
(1,178)
|
|
Cash flows from
financing activities:
|
|
|
|
|
Proceeds from exercise
of stock options
|
|
—
|
|
|
25
|
|
Net proceeds from
preferred stock offering
|
|
—
|
|
|
2,211
|
|
Net proceeds from
common stock offering
|
|
1,291
|
|
|
—
|
|
Preferred stock
dividends
|
|
(1,118)
|
|
|
(1,492)
|
|
Proceeds from PPP
loans
|
|
1,607
|
|
|
—
|
|
Net cash provided by
financing activities
|
|
1,780
|
|
|
|
744
|
|
Effect of changes
in foreign exchange rates on cash, cash equivalents and restricted
cash
|
|
(117)
|
|
|
(69)
|
|
Net decrease in
cash, cash equivalents and restricted cash
|
|
(570)
|
|
|
(4,750)
|
|
Cash, cash
equivalents and restricted cash, beginning of period
|
|
3,234
|
|
|
9,549
|
|
Cash, cash
equivalents and restricted cash, end of period
|
|
$
|
2,664
|
|
|
$
|
4,799
|
|
|
|
|
|
|
|
|
|
|
|
MIND TECHNOLOGY,
INC. Reconciliation of Net Loss From Continuing
Operations and Net Cash Provided by Operating Activities to EBITDA
and Adjusted EBITDA From Continuing
Operations (in
thousands) (unaudited)
|
|
|
|
For the Three
Months Ended October 31,
|
|
For the Nine
Months Ended October 31,
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
Reconciliation of
Net loss from continuing operations to EBITDA and Adjusted
EBITDA
|
|
|
|
|
|
|
|
|
Net loss from
continuing operations
|
|
$
|
(2,370)
|
|
|
$
|
(1,319)
|
|
|
$
|
(10,693)
|
|
|
$
|
(5,009)
|
|
Depreciation and
amortization
|
|
662
|
|
|
639
|
|
|
2,092
|
|
|
1,914
|
|
Provision (benefit)
for income taxes
|
|
109
|
|
|
(31)
|
|
|
(79)
|
|
|
(75)
|
|
EBITDA from
continuing operations (1)
|
|
(1,599)
|
|
|
(711)
|
|
|
(8,680)
|
|
|
(3,170)
|
|
Non-cash foreign
exchange losses
|
|
35
|
|
|
18
|
|
|
79
|
|
|
86
|
|
Stock-based
compensation
|
|
113
|
|
|
270
|
|
|
562
|
|
|
612
|
|
Impairment of
intangible assets
|
|
—
|
|
|
—
|
|
|
2,531
|
|
|
—
|
|
Adjusted EBITDA from
continuing operations (1)
|
|
$
|
(1,451)
|
|
|
$
|
(423)
|
|
|
$
|
(5,508)
|
|
|
$
|
(2,472)
|
|
Reconciliation of
Net Cash Used in Operating Activities to EBITDA
|
|
|
|
|
|
|
|
|
Net cash used in
operating activities
|
|
$
|
(2,237)
|
|
|
$
|
(745)
|
|
|
$
|
(4,803)
|
|
|
$
|
(4,247)
|
|
Stock-based
compensation
|
|
(113)
|
|
|
(270)
|
|
|
(562)
|
|
|
(612)
|
|
Provision for
inventory obsolescence
|
|
(22)
|
|
|
(23)
|
|
|
(67)
|
|
|
(23)
|
|
Changes in accounts
receivable (current and long-term)
|
|
1,003
|
|
|
2,396
|
|
|
(2,178)
|
|
|
916
|
|
Interest
paid
|
|
11
|
|
|
13
|
|
|
34
|
|
|
40
|
|
Taxes paid, net of
refunds
|
|
(27)
|
|
|
143
|
|
|
219
|
|
|
325
|
|
Gross profit from
sale of other equipment
|
|
303
|
|
|
—
|
|
|
303
|
|
|
—
|
|
Changes in
inventory
|
|
(1,462)
|
|
|
494
|
|
|
(762)
|
|
|
3,162
|
|
Changes in accounts
payable, accrued expenses and other current liabilities and
deferred revenue
|
|
685
|
|
|
(1,051)
|
|
|
1,441
|
|
|
(1,935)
|
|
Impairment of
intangible assets
|
|
—
|
|
|
—
|
|
|
(2,531)
|
|
|
—
|
|
Changes in prepaid
expenses and other current and long-term assets
|
|
(162)
|
|
|
(240)
|
|
|
(631)
|
|
|
(145)
|
|
Foreign exchange
(gains) losses, net
|
|
—
|
|
|
(241)
|
|
|
—
|
|
|
(230)
|
|
Reserve against
non-current prepaid income taxes
|
|
—
|
|
|
137
|
|
|
—
|
|
|
—
|
|
Other
|
|
422
|
|
|
(1,324)
|
|
|
857
|
|
|
(421)
|
|
EBITDA from
continuing operations (1)
|
|
$
|
(1,599)
|
|
|
$
|
(711)
|
|
|
$
|
(8,680)
|
|
|
$
|
(3,170)
|
|
1.
|
EBITDA is defined as
net income before (a) interest income and interest expense, (b)
provision for (or benefit from) income taxes and (c) depreciation
and amortization. Adjusted EBITDA excludes non-cash foreign
exchange gains and losses, non-cash costs of lease pool equipment
sales, impairment of intangible assets, stock-based compensation
and other non-cash tax related items. We consider EBITDA and
Adjusted EBITDA to be important indicators for the performance of
our business, but not measures of performance or liquidity
calculated in accordance with GAAP. These non-GAAP financial
measures are not intended to replace the presentation of financial
results in accordance with GAAP. Rather, we have included these
non-GAAP financial measures because management utilizes this
information for assessing our performance and liquidity, and as
indicators of our ability to make capital expenditures and finance
working capital requirements. We believe that EBITDA and Adjusted
EBITDA are measurements that are commonly used by analysts and some
investors in evaluating the performance and liquidity of companies
such as us. In particular, we believe that it is useful to our
analysts and investors to understand this relationship because it
excludes transactions not related to our core cash operating
activities. We believe that excluding these transactions
allows investors to meaningfully trend and analyze the performance
of our core cash operations. EBITDA and Adjusted EBITDA are not
measures of financial performance or liquidity under GAAP and
should not be considered in isolation or as alternatives to cash
flow from operating activities or as alternatives to net income as
indicators of operating performance or any other measures of
performance derived in accordance with GAAP. In evaluating our
performance as measured by EBITDA, management recognizes and
considers the limitations of this measurement. EBITDA and Adjusted
EBITDA do not reflect our obligations for the payment of income
taxes, interest expense or other obligations such as capital
expenditures. Accordingly, EBITDA and Adjusted EBITDA are only two
of the measurements that management utilizes. Other
companies in our industry may calculate EBITDA or Adjusted EBITDA
differently than we do and EBITDA and Adjusted EBITDA may not be
comparable with similarly titled measures reported by other
companies.
|
Contacts:
|
Rob Capps,
Co-CEO
|
|
MIND Technology,
Inc.
|
|
281-353-4475
|
|
|
|
Ken Dennard / Zach
Vaughan
|
|
Dennard Lascar
Investor Relations
|
|
713-529-6600
|
|
MIND@dennardlascar.com
|
View original
content:http://www.prnewswire.com/news-releases/mind-technology-inc-reports-fiscal-2021-third-quarter-results-301186106.html
SOURCE MIND Technology, Inc.