MIND Technology Q1 Sales $9.68M Miss $12.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
MIND Technology (NASDAQ:MIND) reported Q1 sales of $9.68 million, missing the analyst consensus estimate of $12.05 million by 19.68%. This represents a 23.11% decrease from the same period last year.
June 10, 2024 | 8:18 pm
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MIND Technology reported Q1 sales of $9.68 million, missing the analyst consensus estimate of $12.05 million by 19.68%. This is a 23.11% decrease from the same period last year, indicating potential challenges in revenue generation.
The significant miss on sales estimates and the year-over-year decline in revenue suggest potential operational or market challenges for MIND Technology. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100