Mind Technology, Inc. Records Net Loss of $1.5 Million for Q2 2023

Mind Technology, Inc.(MIND), a leading provider of marin e technology solutions, has announced its financial results for the second quarter of 2023. While the company experienced robust revenue growth during this period, it reported a net loss of $1.5 million. These results reflect the company's commitment to innovation and expansion in the competitive marine technology sector.

Consolidated Balance Sheets

Assets Show Strength and Stability

As of July 31, 2023, Mind Technology, Inc. reported total assets of $34.2 million, reflecting an increase compared to $32.9 million at the end of January 2023. The company's balance sheet demonstrates its financial stability and ability to invest in future growth initiatives.