Mind Technology is trading 10.95% down at $3.74 after its September 8, 2026 fiscal second-quarter results missed expectations.
- Revenue was approximately $5.6 million, down 58.7% year over year, while net loss reached $1.7 million.
- Backlog declined to $4.8 million, weakening near-term visibility; management’s September 9 earnings call is keeping attention on delayed orders and fiscal 2027 recovery prospects.
- The broader market is only modestly lower, so the earnings disappointment appears to be the primary catalyst.