Filing Flows › Mind Technology (MIND) › Q1 FY27
Mind Technology (MIND) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 11, 2026
Mind Technology (MIND) reported revenue of $9.7M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and -1% from the quarter before. Operating margin was 0.1%, net loss $411K (4.2% of revenue).
Mind Technology, Q1 FY27: revenue $9.7M (+22% year over year), operating margin 0.1%, net loss $411K, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | -1% | +22% |
| Operating profit | $14K | -82% | — |
| Net earnings | −$411K | — | — |
| Operating cash flow | −$1.3M | — | -133% |
What changed
Revenue was $9.7M in Q1 FY27, up 22% year over year and down 1% from the previous quarter.
Gross margin was 42.4%, up 0.2 points from Q1 FY26. Operating profit was $14K, a 0.1% margin (up 8.5 points year over year). Operating expenses grew 2% against revenue growth of 22%. The quarter ended with a net loss of $411K, wider than the previous quarter's $271K loss. Non-operating items added $51K, 78% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $228K of depreciation and amortization and $518K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $48K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Mind Technology's revenue in the first quarter fiscal 2027?
Mind Technology (MIND) reported revenue of $9.7M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and -1% from the quarter before.
Was Mind Technology profitable in the first quarter fiscal 2027?
Operating profit was $14K (0.1% of revenue) and net loss $411K.
Source: Mind Technology 10-Q on SEC EDGAR.