3.25
-2.69%
Close of 9 Nov 2026, in USD
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About Mind Technology
From its filings with the US Securities and Exchange Commission
Mind Technology is based in The Woodlands, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker MIND. The SEC classifies its business as search, detection, navigation, guidance, aeronautical sys. In the fiscal year to 31 January 2026, it reported revenue of $40.9m and net income of $750,000. At that date it held total assets of $49.3m and shareholders' equity of $41.4m.
MIND Technology, Inc. (“MIND” and, together with its consolidated subsidiaries, the “Company”, “we”, “us” and “our”), a Delaware corporation, was incorporated in 1987. We provide technology to the oceanographic, hydrographic, seismic and maritime security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia and the United Kingdom.
We operate in one segment, Seamap. Our Seamap business includes Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively “Seamap”), which designs, manufactures and sells specialized marine seismic equipment.
We are primarily focused on three markets within the broader marine products space, Marine Exploration, Marine Survey and Maritime Security. Customers within these market segments include marine survey companies, seismic survey contractors, non-military governmental organizations, research institutes, and operators of port facilities and other offshore installations.
Seamap designs, manufactures and sells a broad range of products for the oceanographic, hydrographic and marine seismic industries. Seamap’s primary products include the GunLink™ seismic source acquisition and control systems, commonly referred to as “energy source controllers”, and the BuoyLink™ RGNSS(“relative global navigation satellite system”) positioning system, and SeaLink™ marine sensors and solid streamer systems (collectively, the “SeaLink” product line or “towed streamer products”).
Quoted from its 10-K, filed 20 Apr 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 19 Dec 1994
- Employees
- 157
- Head office
- 2002 TIMBERLOCH PLACE, SUITE 400, THE WOODLANDS, TX, 77380-1187
- Incorporated in
- DE
- Classification
- Search, Detection, Navigation, Guidance, Aeronautical Sys
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Peter BlumIndependent Non-Executive Chairman of the Board$259,548
- Mr. Robert CappsPresident, Chief Executive Officer, Director, since 2004$678,293
- Mr. Mark CoxChief Financial Officer, Chief Accounting Officer, Vice President$541,511
- Mr. Alan BadenIndependent Director$208,698
- Mr. Thomas GlanvilleIndependent Director$219,948
- Vice Adm. (Retd.) William HilaridesIndependent Director$212,298
- Mr. Ken DennardInvestor Relations, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Marine Technology Products segment includes Seamap and Klein Marine Systems
- Seamap designs and manufactures oceanographic and hydrographic products globally
- Equipment Leasing segment leases seismic equipment to oil and gas companies worldwide
Weaknesses
- Headquarters in The Woodlands, Texas is not a major business hub
- Employees number 232 is lower than industry average for similar companies
- Listed on 19 December 1994 is not recent for a growing company
Opportunities
- Expansion into new markets for oceanographic and hydrographic products
- Growth in demand for seismic equipment leasing in oil and gas industry
- Partnerships with defense and maritime security sectors for Klein Marine Systems
Threats
- Global economic downturn affecting oil and gas industry investments
- Increased competition in marine technology and equipment leasing sectors
- Regulatory changes in defense and maritime security industries
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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