MIND TECHNOLOGY, INC

MIND Technology, Inc. (NASDAQ: MIND) operates as a specialized marine technology company headquartered in The Woodlands, Texas with a global presence spanning the United States, Singapore, Malaysia, and the United Kingdom. The company maintains its corporate website at https://www.mind-technology.com.

The company operates through a single reportable segment, Seamap, which designs, manufactures, and sells specialized marine seismic equipment for oceanographic, hydrographic, seismic, and maritime security applications. Seamap's primary product portfolio includes the GunLink seismic source acquisition and control systems, the BuoyLink RGNSS positioning system for precise marine positioning, and the SeaLink towed seismic streamer system for marine surveys. The company also manufactures sleeve gun energy sources, streamer weight collars, depth transducers, pressure transducers, and air control valves. Beyond hardware, Seamap provides repair services, training, field service operations, and umbilical terminations related to its product lines.

MIND Technology serves three primary market segments: marine exploration, marine survey, and maritime security. Its customer base includes marine survey companies, seismic survey contractors, non-military governmental organizations, research institutes, and operators of port facilities and offshore installations. In fiscal 2026, the company generated total revenues of approximately $40.9 million, with approximately 93 percent derived from international operations. The largest single customer accounted for 18 percent of consolidated revenues, while the five largest customers represented 69 percent of total revenues.

As of January 31, 2026, the company employed approximately 157 full-time employees across its global operations. The company maintains manufacturing and assembly facilities in Singapore and Malaysia, engineering and field service operations in the United Kingdom, and a manufacturing support facility in Huntsville, Texas. MIND Technology's backlog of firm orders totaled approximately $13.9 million as of fiscal year-end 2026.

The company's intellectual property includes acquired United States and foreign patents related to energy source controllers, hydrophone technologies, and other marine equipment innovations, with patent protection extending through at least 2028. Components for marine products are sourced from suppliers located across Asia, Europe, and the United States, with certain materials obtained from sole-source suppliers.