MIND Technology, Inc. (NASDAQ: MIND) surged 22.0% to $2.16 in the Pre-marketing session after the company has released a financial report for the third quarter fiscal 2021 ending October 31, 2020.
For the third quarter of fiscal 2021, revenue from continuing operations was $6.5 million compared to $5.1 million in the second quarter and $8.2 million in the third quarter of fiscal 2020.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An increased level of activity and one-time SeaLink towed streamer orders contributed to the sequential improvement. Compared to a loss of $1.3 million in fiscal 2020, the third-quarter loss of 2021 amounted to approximately $2.4 million.
Read More
The Company reported a loss of $(0.24) per share in the third quarter of fiscal 2021 instead of a loss of $(0.15) per share in the third quarter of fiscal 2020.
Adjusted EBITDA for continuing operations was $1.5 million in the third quarter of fiscal 2021, compared to a loss of $423,000 in the same quarter of fiscal 2020. Relative to a reported net loss from continuing operations and cash provided by operating activities, adjusted EBITDA from continuing activities, a non-GAAP measure, is defined and reconciled in the accompanying financial tables. These are the most directly comparable financial measures calculated and presented on US GAAP. The backlog was about $8.2 million as of October 31, 2020, compared to $7.6 million on July 31, 2020, and $8.9 million on January 31, 2020.
