Dec. 15 at 5:06 PM
$MIND plunges 19.8% post-earnings — what's behind the drop? 📉
MIND Technology reported a sharp decline in fiscal Q3 earnings, with net income falling to 1 cent per share from
$2.87 in the prior-year quarter, and revenues dropping 20% to
$9.7M. The Marine Technology Product backlog also took a hit, dropping from
$26.2M to
$7.2M.
Understand the full story and potential turnaround here 👉 https://www.zacks.com/stock/news/2804629/minds-q3-earnings-down-yy-on-lower-seamap-sales-stock-down-20?cid=sm-stocktwits-2-2804629-body-24906&ADID=SYND_STOCKTWITS_TWEET_2_2804629_BODY_24906