MIND Technology Scoops $4.1M Worth Orders For Seamap Division

MIND Technology, Inc's MIND Seamap unit won new orders totaling $4.1 million for source controller and GNSS positioning systems.
Deliveries of the related products will likely occur in the Q3 and Q4 of the current fiscal year.
MIND added the orders to its backlog as demand in the marine exploration market remained buoyant, particularly for its marine source controller systems, MIND Co-CEO Guy Malden said.
Price action: MIND shares traded higher by 5.15% at $2.04 in the premarket session on the last check Monday.