MIND Know-how Inc MIND shares are buying and selling increased in Wednesday’s after-hours session after the corporate introduced that it obtained orders for sonar and supply controller programs totaling roughly $7.7 million.
The gear to be delivered consists of multi-beam sonar programs and the related dealing with gear, in addition to seismic supply controller programs.
“We anticipate all these orders to be accomplished and delivered in our present fiscal 12 months. We imagine these orders point out the power in navy and exploration markets and we anticipate additional orders within the close to future,” mentioned Rob Capps, president and CEO of MIND Know-how.
The corporate additionally introduced that its board elected to not declare a quarterly money dividend for its fiscal second quarter. Though MIND Know-how deferred dividend funds this quarter, the dividend is a cumulative dividend that accrues for cost sooner or later.
MIND Know-how gives expertise to the oceanographic, hydrographic, protection, seismic and safety industries.
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MIND Value Motion: MIND Know-how has traded between $2.43 and 80 cents over a 52-week interval.
The inventory was up 12.7% in after hours at $0.94 at press time.
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