Filing Flows › Mind Technology (MIND) › Q4 FY25
Mind Technology (MIND) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Apr 25, 2025
Mind Technology (MIND) reported revenue of $15.0M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +24% from the quarter before. Operating margin was 18.5%, net earnings $2.0M (13.5% of revenue).
Mind Technology, Q4 FY25: revenue $15.0M (+12% year over year), operating margin 18.5%, net earnings $2.0M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.0M | +24% | +12% |
| Gross profit | $6.5M | +21% | +5% |
| Operating profit | $2.8M | +48% | +20% |
| Net earnings | $2.0M | +57% | +41% |
| Operating cash flow | $2.1M | -10% | +213% |
| Free cash flow | $1.8M | -17% | +224% |
What changed
Revenue was $15.0M in Q4 FY25, up 12% year over year and up 24% from the previous quarter.
Gross margin was 43.5%, down 3.1 points from a year earlier. Operating profit was $2.8M, a 18.5% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 17% margin then. Operating expenses fell 4% while revenue rose 12%. Net earnings were $2.0M, up 41% year over year. The effective tax rate was 24.8%.
Operating cash flow was $2.1M (up 213% year over year), 101% of net earnings. Non-cash charges added back $220K of depreciation and amortization and $94K of share-based compensation. Working capital and other items used $287K. Capital expenditures of $224K left free cash flow of $1.8M.
Questions
What was Mind Technology's revenue in the fourth quarter fiscal 2025?
Mind Technology (MIND) reported revenue of $15.0M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +24% from the quarter before.
Was Mind Technology profitable in the fourth quarter fiscal 2025?
Operating profit was $2.8M (18.5% of revenue) and net earnings $2.0M.
Source: Mind Technology 10-K on SEC EDGAR.