MIND Technology's Seamap Unit Secures $5.1M GunLink Order, Expands Total to $7.9M
Portfolio Pulse from Benzinga Newsdesk
MIND Technology's Seamap unit has secured a $5.1 million order for its GunLink source controller, bringing total orders to $7.9 million since July 31, 2024. The company anticipates strong demand and a robust backlog, with deliveries extending into the next fiscal year.
September 23, 2024 | 11:05 am
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MIND Technology's Seamap unit has received a significant $5.1 million order for its GunLink source controller, increasing total orders to $7.9 million. This indicates strong demand and a promising backlog, which is expected to positively impact future revenues.
The $5.1 million order for GunLink source controllers, part of a total $7.9 million in orders, suggests strong demand for MIND Technology's products. This is likely to positively impact the company's revenues in the short term, as a portion of these orders will be delivered in the current fiscal year, with the majority in the next fiscal year. The company's statement about a strong backlog and pipeline further supports a positive outlook.
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