MIND TECHNOLOGY, INC. REPORTS FISCAL 2027 FIRST QUARTER RESULTS

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">THE WOODLANDS, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 10, 2026</span> /PRNewswire/ -- MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MIND" rel="nofollow">MIND</a>) ("MIND" or the "Company") today announced financial results for its fiscal 2027 first quarter ended April 30, 2026.</p> <p xmlns="http://www.w3.org/1999/xhtml">Revenues for the first quarter of fiscal 2027 were approximately $9.7 million compared to $9.8 million for the fourth quarter of fiscal 2026 and $7.9 million for the first quarter of fiscal 2026.</p> <p xmlns="http://www.w3.org/1999/xhtml">The Company reported operating income of $14,000 for the first quarter of fiscal 2027 compared to $78,000 for the fourth quarter of fiscal 2026 and an operating loss of $658,000 for the first quarter of fiscal 2026. Net loss for the first quarter of fiscal 2027 amounted to $411,000, or a loss of $0.05 per share, compared to a net loss of $271,000, or a loss of $0.03 per share, for the fourth quarter of fiscal 2026 and a net loss of $970,000, or a loss of $0.12 per share, for the first quarter of fiscal 2026. In computing net loss per common share, approximately 9,089,000 shares were outstanding for the first quarter of fiscal 2027, compared to 9,040,000 shares for the fourth quarter of fiscal 2026, and 7,969,000 shares during the first quarter of fiscal 2026.</p> <p xmlns="http://www.w3.org/1999/xhtml">Adjusted EBITDA for the first quarter of fiscal 2027 was $811,000 compared to Adjusted EBITDA of $1.1 million