MIND Technology Announces Receipt of New Orders and Deferral of Preferred Stock Dividend
MIND Technology, Inc. (MIND)
Last mind technology, inc. earnings: 6/7 04:15 pm
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US:NASDAQ Investor Relations:
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Company Research
Source: PR Newswire
THE WOODLANDS, Texas, July 6, 2022 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has received orders for sonar and source controller systems totaling approximately $7.7 million. In addition, the Company's Board of Directors has elected not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the second quarter of its fiscal year ending January 31, 2023.Rob Capps, MIND's President and Chief Executive Officer, stated, "These new orders had been anticipated, but it is an important step to have them in hand. The equipment to be delivered includes multi-beam sonar systems, along with associated handling equipment, and seismic source controller systems. We expect all these orders to be completed and delivered in our current fiscal year. We believe these orders indicate the strength in military and exploration markets and we expect further orders in the near future.
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MIND
News
- MIND TECHNOLOGY ANNOUNCES FISCAL 2024 FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL SCHEDULEPR Newswire
- MIND Technology Announces Deferral of Preferred Stock DividendPR Newswire
- MIND Technology Proposes Amendment to Terms of Preferred Stock [Yahoo! Finance]Yahoo! Finance
- MIND Technology Proposes Amendment to Terms of Preferred StockPR Newswire
- MIND Technology Announces Order for Ultra-High Resolution Survey System [Yahoo! Finance]Yahoo! Finance
MIND
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form 8-K
- 3/25/24 - Form 8-K
- MIND's page on the SEC website