India, June 11 -- MIND Technology, Inc. (MIND), a defense and marine technology company, reported narrower loss for the first quarter of fiscal 2027, attributable to higher revenue from the sales of marine technology products. Meanwhile, backlog for the quarter declined sharply from last year.
In the after-hours activity on the Nasdaq, the shares ended Wednesday's trading 7 percent lower at $5.17, after closing regular trading 5.76 percent lower on the same day.
Net loss for the period narrowed to $0.411 million from loss of $0.970 million in the same quarter last year. Net loss per share dropped to $0.05 from loss of $0.12 in the previous year.
However, the company recorded an operating income of $0.014 million, compared to loss of $0.6...