Filing Flows › Mind Technology (MIND) › Q2 FY27
Mind Technology (MIND) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 9, 2026
Mind Technology (MIND) reported revenue of $5.6M for the second quarter fiscal 2027 (Q2 FY27), -59% from a year earlier and -42% from the quarter before. Operating margin was -31.9%, net loss $1.7M (30.8% of revenue).
Mind Technology, Q2 FY27: revenue $5.6M (-58% year over year), operating margin -31.9%, net loss $1.7M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6M | -42% | -59% |
| Operating profit | −$1.8M | -12929% | -167% |
| Net earnings | −$1.7M | — | -190% |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $5.6M in Q2 FY27, down 59% year over year and down 42% from the previous quarter.
Gross margin was 37.2%, down 13.2 points from Q2 FY26. Operating costs exceeded revenue by $1.8M, an operating margin of -31.9%. Operating expenses fell 7% while revenue fell 59%. The fastest-growing cost line was Research & development (+31%). The quarter ended with a net loss of $1.7M, wider than the previous quarter's $411K loss.
Operating cash flow was −$1.8M. Non-cash charges added back $224K of depreciation and amortization and $543K of share-based compensation. Working capital and other items used $823K. Capital expenditures of $108K exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Mind Technology's revenue in the second quarter fiscal 2027?
Mind Technology (MIND) reported revenue of $5.6M for the second quarter fiscal 2027 (Q2 FY27), -59% from a year earlier and -42% from the quarter before.
Was Mind Technology profitable in the second quarter fiscal 2027?
Operating loss was $1.8M (-31.9% of revenue) and net loss $1.7M.
Source: Mind Technology 10-Q on SEC EDGAR.