Last $11.71 USD
Change Today +0.15 / 1.30%
Volume 174.7K
MIND On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

mitcham industries inc (MIND) Snapshot

Open
$11.66
Previous Close
$11.56
Day High
$11.76
Day Low
$11.51
52 Week High
12/31/13 - $17.82
52 Week Low
09/8/14 - $10.20
Market Cap
149.5M
Average Volume 10 Days
129.5K
EPS TTM
$-0.20
Shares Outstanding
12.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MITCHAM INDUSTRIES INC (MIND)

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mitcham industries inc (MIND) Details

Mitcham Industries, Inc., through its subsidiaries, leases, sells, and services geophysical and other equipment to the seismic industry worldwide. The company operates in two segments, Equipment Leasing and Seamap. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers. This segment also provides land equipment lease pool, including seismic recording land channels, geophones and cables, heli-picker equipment, batteries, and other peripheral equipment; marine seismic equipment lease pool comprising streamers, air guns, streamer positioning equipment, energy source controllers, and other equipment; and downhole equipment lease pool that includes downhole seismic tools. In addition, it is also involved in the sale of new seismic equipment of other manufacturers; and provision of equipment, consumables, systems integration, engineering hardware, and software maintenance support services to the seismic, hydrographic, oceanographic, environmental, and defense industries, as well as sale of used equipment from its lease pool. The Seamap segment designs, manufactures, and sells a range of products for the marine seismic industry. Its products include GunLink seismic source acquisition and control systems, which are designed to provide operators of marine seismic surveys with precise control of energy sources; and BuoyLink RGPS tracking systems that are used to offer precise positioning of seismic sources and streamers. This segment also provides streamer weight collars, depth transducers, pressure transducers, and floatation systems; spare and replacement parts; and repair services, engineering services, training, field service operations, and umbilical terminations. The company was founded in 1987 and is headquartered in Huntsville, Texas.

194 Employees
Last Reported Date: 04/3/14
Founded in 1987

mitcham industries inc (MIND) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $823.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $402.4K
Executive Vice President of Marine Systems
Total Annual Compensation: $384.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $321.1K
Compensation as of Fiscal Year 2014.

mitcham industries inc (MIND) Key Developments

Mitcham Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2014; Provides Capital Expenditure Guidance for the Fiscal 2015

Mitcham Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2014. For the quarter, the company’s total revenues were $19,545,000 against $20,895,000 a year ago. Operating loss was $3,996,000 against $2,126,000 a year ago. Loss before income taxes was $4,023,000 against $966,000 a year ago. Net loss was $3,347,000 or $0.26 per diluted share against $693,000 or $0.05 per diluted share a year ago. EBITDA was $5,525,000 against $6,672,000 a year ago. Adjusted EBITDA was $5,822,000 against $6,959,000 a year ago. Core leasing revenues in the second quarter were $8.2 million, up 28%% from last year's second quarter. For six months, the company’s total revenues were $45,277,000 against $48,186,000 a year ago. Operating income was $776,000 against $6,057,000 a year ago. Income before income taxes was $823,000 against $6,953,000 a year ago. Net income was $390,000 or $0.03 per diluted share against $5,614,000 or $0.43 per diluted share a year ago. Net cash provided by operating activities was $19,150,000 against $15,961,000 a year ago. Purchases of property and equipment were $218,000 against $405,000 a year ago. Purchases of seismic equipment held for lease was $13,716,000 against $7,829,000 a year ago. EBITDA was $19,568,000 against $22,420,000 a year ago. Adjusted EBITDA was $20,264,000 against $22,973,000 a year ago. The company announced due to continued weakness in the North American market and in the marine leasing business, the company is reducing capital expenditure guidance for the full fiscal year to about $15 million.

Mitcham Industries Inc. to Report Q2, 2015 Results on Sep 03, 2014

Mitcham Industries Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Sep 03, 2014

Mitcham Industries Inc., Q2 2015 Earnings Call, Sep 04, 2014

Mitcham Industries Inc., Q2 2015 Earnings Call, Sep 04, 2014

 

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MIND Competitors

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Company Last Change
CGG SA €7.60 EUR -0.047
Dawson Geophysical Co $22.18 USD +0.20
Geospace Technologies Corp $39.41 USD -1.01
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Industry Analysis

MIND

Industry Average

Valuation MIND Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 125.0x
TEV/Sales 1.3x
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