MIND: Mind Technology Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Mind Technology Inc (MIND).
$73.88M Market Cap.
MIND Market Cap. (MRY)
MIND Shares Outstanding (MRY)
MIND Assets (MRY)
Total Assets
$36.72M
Total Liabilities
$9.39M
Total Investments
$0
MIND Income (MRY)
Revenue
$46.86M
Net Income
$5.07M
Operating Expense
$14.15M
MIND Cash Flow (MRY)
CF Operations
$651.00K
CF Investing
$20.00K
CF Financing
-$619.00K
MIND Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $36,720,000 (9.64%) | $33,491,000 (1.93%) | $32,858,000 (-21.80%) | $42,020,000 (5.68%) |
Assets Current | $32,115,000 (13.32%) | $28,339,000 (27.46%) | $22,234,000 (-23.97%) | $29,245,000 (9.16%) |
Assets Non-Current | $4,605,000 (-10.62%) | $5,152,000 (-51.51%) | $10,624,000 (-16.84%) | $12,775,000 (-1.52%) |
Goodwill & Intangible Assets | $2,308,000 (-20.08%) | $2,888,000 (-20.51%) | $3,633,000 (-39.63%) | $6,018,000 (-10.84%) |
Shareholders Equity | $27,332,000 (20.72%) | $22,641,000 (-1.78%) | $23,052,000 (-23.83%) | $30,263,000 (-0.50%) |
Property Plant & Equipment Net | $2,210,000 (3.17%) | $2,142,000 (-20.73%) | $2,702,000 (-55.76%) | $6,107,000 (-1.85%) |
Cash & Equivalents | $5,336,000 (0.89%) | $5,289,000 (579.82%) | $778,000 (-84.79%) | $5,114,000 (10.91%) |
Accumulated Other Comprehensive Income | $34,000 (0.00%) | $34,000 (0.00%) | $34,000 (101.81%) | -$1,881,000 (56.82%) |
Deferred Revenue | $189,000 (-6.90%) | $203,000 (40.97%) | $144,000 (-37.93%) | $232,000 (11.54%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $13,745,000 (2.80%) | $13,371,000 (21.27%) | $11,026,000 (-21.28%) | $14,006,000 (22.29%) |
Trade & Non-Trade Receivables | $11,817,000 (79.97%) | $6,566,000 (102.22%) | $3,247,000 (-60.04%) | $8,126,000 (71.18%) |
Trade & Non-Trade Payables | $2,558,000 (57.61%) | $1,623,000 (-34.92%) | $2,494,000 (21.90%) | $2,046,000 (20.07%) |
Accumulated Retained Earnings (Deficit) | -$108,448,000 (15.48%) | -$128,307,000 (-0.53%) | -$127,635,000 (-8.30%) | -$117,856,000 (-18.01%) |
Tax Assets | $87,000 (-28.69%) | $122,000 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $2,473,000 (16.98%) | $2,114,000 (38.90%) | $1,522,000 (63.83%) | $929,000 (22.24%) |
Total Debt | $1,320,000 (-0.30%) | $1,324,000 (-24.30%) | $1,749,000 (-4.69%) | $1,835,000 (-20.94%) |
Debt Current | $577,000 (-23.17%) | $751,000 (-16.83%) | $903,000 (3.91%) | $869,000 (-13.79%) |
Debt Non-Current | $743,000 (29.67%) | $573,000 (-32.27%) | $846,000 (-12.42%) | $966,000 (-26.43%) |
Total Liabilities | $9,388,000 (-13.47%) | $10,850,000 (10.65%) | $9,806,000 (-16.59%) | $11,757,000 (25.78%) |
Liabilities Current | $8,645,000 (-15.88%) | $10,277,000 (15.07%) | $8,931,000 (-16.52%) | $10,699,000 (36.54%) |
Liabilities Non-Current | $743,000 (29.67%) | $573,000 (-34.51%) | $875,000 (-17.30%) | $1,058,000 (-29.98%) |
MIND Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $46,863,000 (28.36%) | $36,510,000 (45.97%) | $25,012,000 (8.24%) | $23,107,000 (8.92%) |
Cost of Revenue | $25,896,000 (26.08%) | $20,539,000 (36.36%) | $15,062,000 (-11.84%) | $17,085,000 (22.86%) |
Selling General & Administrative Expense | $11,291,000 (-7.01%) | $12,142,000 (-5.75%) | $12,883,000 (-12.72%) | $14,761,000 (16.71%) |
Research & Development Expense | $1,914,000 (-10.27%) | $2,133,000 (55.35%) | $1,373,000 (-61.82%) | $3,596,000 (19.75%) |
Operating Expenses | $14,149,000 (-8.44%) | $15,453,000 (-0.94%) | $15,600,000 (-24.15%) | $20,566,000 (-4.95%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $1,984,000 (48.28%) | $1,338,000 (91.42%) | $699,000 (1892.31%) | -$39,000 (-107.28%) |
Net Loss Income from Discontinued Operations | $0 (0%) | -$1,374,000 (-150.16%) | $2,739,000 (81.87%) | $1,506,000 (-76.11%) |
Consolidated Income | $5,074,000 (1751.82%) | $274,000 (103.10%) | -$8,832,000 (41.45%) | -$15,085,000 (25.71%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $5,074,000 (1751.82%) | $274,000 (103.10%) | -$8,832,000 (41.45%) | -$15,085,000 (25.71%) |
Preferred Dividends Income Statement Impact | -$12,529,000 (-430.76%) | $3,788,000 (0.00%) | $3,788,000 (30.58%) | $2,901,000 (28.70%) |
Net Income Common Stock | $17,603,000 (600.94%) | -$3,514,000 (72.16%) | -$12,620,000 (29.83%) | -$17,986,000 (20.27%) |
Weighted Average Shares | $7,969,421 (466.90%) | $1,405,779 (1.99%) | $1,378,400 (0.09%) | $1,377,100 (10.00%) |
Weighted Average Shares Diluted | - | - | $1,378,400 (0.09%) | $1,377,100 (10.00%) |
Earning Before Interest & Taxes (EBIT) | $7,058,000 (337.84%) | $1,612,000 (119.82%) | -$8,133,000 (46.22%) | -$15,124,000 (23.50%) |
Gross Profit | $20,967,000 (31.28%) | $15,971,000 (60.51%) | $9,950,000 (65.23%) | $6,022,000 (-17.61%) |
Operating Income | $6,818,000 (1216.22%) | $518,000 (109.17%) | -$5,650,000 (61.15%) | -$14,544,000 (-1.51%) |
MIND Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $20,000 (-99.82%) | $11,018,000 (2244.26%) | $470,000 (-91.24%) | $5,364,000 (67.26%) |
Net Cash Flow from Financing | -$619,000 (59.67%) | -$1,535,000 (19.00%) | -$1,895,000 (-115.55%) | $12,187,000 (169.98%) |
Net Cash Flow from Operations | $651,000 (113.11%) | -$4,967,000 (-70.98%) | -$2,905,000 (83.05%) | -$17,134,000 (-169.40%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $47,000 (-98.96%) | $4,511,000 (204.04%) | -$4,336,000 (-962.03%) | $503,000 (-63.47%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $10,832,000 (0%) | $0 (0%) | $761,000 (196.11%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$437,000 (-50.69%) | -$290,000 (50.17%) | -$582,000 (30.22%) | -$834,000 (-146.08%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | -$589,000 (0%) | $0 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | -$1,000 (-102.44%) | $41,000 (-98.86%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$5,000 (0.00%) | -$5,000 (16.67%) | -$6,000 (-106.98%) | $86,000 (437.50%) |
Share Based Compensation | $235,000 (-9.96%) | $261,000 (-60.09%) | $654,000 (1.71%) | $643,000 (-9.18%) |
Depreciation Amortization & Accretion | $944,000 (-37.73%) | $1,516,000 (-19.66%) | $1,887,000 (-14.77%) | $2,214,000 (-52.15%) |
MIND Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 44.70% (2.29%) | 43.70% (9.80%) | 39.80% (52.49%) | 26.10% (-24.35%) |
Profit Margin | 37.60% (491.67%) | -9.60% (80.99%) | -50.50% (35.09%) | -77.80% (26.81%) |
EBITDA Margin | 17.10% (98.84%) | 8.60% (134.40%) | -25.00% (55.28%) | -55.90% (21.71%) |
Return on Average Equity (ROAE) | 69.90% (539.62%) | -15.90% (69.13%) | -51.50% (21.97%) | -66.00% (0.75%) |
Return on Average Assets (ROAA) | 48.40% (552.34%) | -10.70% (70.19%) | -35.90% (25.67%) | -48.30% (6.21%) |
Return on Sales (ROS) | 15.10% (243.18%) | 4.40% (113.54%) | -32.50% (50.38%) | -65.50% (29.72%) |
Return on Invested Capital (ROIC) | 31.80% (278.57%) | 8.40% (122.46%) | -37.40% (47.84%) | -71.70% (-3.31%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 2.15 (189.42%) | -2.4 (-229.22%) | -0.73 (30.77%) | -1.05 (11.44%) |
Price to Sales Ratio (P/S) | 1.58 (582.25%) | 0.23 (-36.01%) | 0.36 (-56.08%) | 0.82 (-34.92%) |
Price to Book Ratio (P/B) | 2.7 (624.66%) | 0.37 (-4.85%) | 0.39 (-37.58%) | 0.63 (-30.68%) |
Debt to Equity Ratio (D/E) | 0.34 (-28.39%) | 0.48 (12.71%) | 0.42 (9.54%) | 0.39 (26.38%) |
Earnings Per Share (EPS) | 4.32 (272.80%) | -2.5 (72.16%) | -8.98 (31.45%) | -13.1 (27.22%) |
Sales Per Share (SPS) | 5.88 (-77.36%) | 25.97 (43.12%) | 18.15 (8.15%) | 16.78 (-0.99%) |
Free Cash Flow Per Share (FCFPS) | 0.03 (100.72%) | -3.74 (-47.83%) | -2.53 (80.61%) | -13.05 (-259.05%) |
Book Value Per Share (BVPS) | 3.43 (-78.70%) | 16.11 (-3.70%) | 16.72 (-23.90%) | 21.98 (-9.55%) |
Tangible Assets Book Value Per Share (TABVPS) | 4.32 (-80.16%) | 21.77 (2.67%) | 21.2 (-18.90%) | 26.14 (-0.86%) |
Enterprise Value Over EBIT (EV/EBIT) | 10 (233.33%) | 3 (400.00%) | -1 (0.00%) | -1 (0.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 8.98 (541.33%) | 1.4 (187.29%) | -1.6 (-4.63%) | -1.53 (16.63%) |
Asset Turnover | 1.29 (15.93%) | 1.11 (56.04%) | 0.71 (14.65%) | 0.62 (28.31%) |
Current Ratio | 3.71 (34.70%) | 2.76 (10.76%) | 2.49 (-8.89%) | 2.73 (-20.06%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $214,000 (104.07%) | -$5,257,000 (-50.76%) | -$3,487,000 (80.59%) | -$17,968,000 (-294.90%) |
Enterprise Value (EV) | $71,897,533 (1540.49%) | $4,382,674 (-56.29%) | $10,026,623 (-49.39%) | $19,810,264 (-28.89%) |
Earnings Before Tax (EBT) | $7,058,000 (337.84%) | $1,612,000 (119.82%) | -$8,133,000 (46.22%) | -$15,124,000 (23.50%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $8,002,000 (155.82%) | $3,128,000 (150.08%) | -$6,246,000 (51.62%) | -$12,910,000 (14.75%) |
Invested Capital | $21,751,000 (32.94%) | $16,361,000 (-23.06%) | $21,265,000 (-3.45%) | $22,024,000 (-3.77%) |
Working Capital | $23,470,000 (29.94%) | $18,062,000 (35.77%) | $13,303,000 (-28.27%) | $18,546,000 (-2.16%) |
Tangible Asset Value | $34,412,000 (12.45%) | $30,603,000 (4.72%) | $29,225,000 (-18.82%) | $36,002,000 (9.05%) |
Market Capitalization | $73,876,533 (775.87%) | $8,434,674 (-6.61%) | $9,031,623 (-52.49%) | $19,008,264 (-31.01%) |
Average Equity | $25,167,250 (14.16%) | $22,045,500 (-10.11%) | $24,524,250 (-10.01%) | $27,252,250 (-19.61%) |
Average Assets | $36,381,500 (10.75%) | $32,849,000 (-6.46%) | $35,117,250 (-5.66%) | $37,223,250 (-15.04%) |
Invested Capital Average | $22,221,500 (15.76%) | $19,195,750 (-11.82%) | $21,769,750 (3.15%) | $21,105,750 (-25.86%) |
Shares | 7,969,421 (466.90%) | 1,405,779 (1.95%) | 1,378,874 (0.11%) | 1,377,410 (6.98%) |
