Mitcham industries inc (MINDP)
Income statement / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Oct'10Jul'10
Revenues:
Sale of marine technology products

8,776

8,062

6,723

5,977

6,851

9,277

5,877

3,566

4,991

5,955

9,586

6,888

6,865

5,251

5,754

7,188

6,844

9,970

2,743

5,606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing

-

2,305

-

-

-

3,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing

-

-

1,374

3,323

-

-

1,630

2,697

-

2,071

977

2,717

2,342

2,577

1,634

3,608

3,744

4,271

4,516

11,179

9,626

14,285

8,226

16,161

12,321

7,900

6,442

20,093

11,640

11,062

10,882

21,008

23,679

17,411

12,272

16,775

8,074

6,493

Sale of lease pool and other equipment

277

296

801

557

1,543

2,208

843

1,350

3,311

618

273

8,828

3,341

229

1,275

935

854

1,440

295

357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease pool equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

475

1,285

1,101

-

3,169

2,119

900

7,749

-1,873

3,204

2,332

-9,606

2,442

326

335

976

159

Seamap equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,791

7,709

6,060

-

5,537

6,958

3,927

8,868

4,495

7,262

10,544

7,325

6,198

6,534

8,349

4,249

7,200

Other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,355

2,325

2,410

-

3,669

5,376

2,371

3,890

1,143

1,732

747

-

-

-

-

-

-

Other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,969

2,146

1,043

6,674

1,303

Revenues

13,257

10,663

8,898

9,857

12,328

14,651

8,350

7,613

10,363

8,644

10,836

18,433

12,548

8,057

8,663

11,731

11,442

15,681

7,554

17,142

14,963

22,906

19,545

25,732

23,647

20,275

20,895

27,291

28,401

18,573

23,080

34,631

37,034

28,020

21,278

26,502

19,973

15,155

Cost of sales:
Sale of marine technology products

4,411

4,728

3,887

3,455

4,657

4,904

3,216

2,086

3,711

3,132

5,868

3,975

3,509

2,944

3,097

4,021

3,573

5,072

1,384

3,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing (including lease pool depreciation of $4,959, $9,186 and $14,370 at January 31, 2020, 2019 and 2018, respectively)

-

1,833

-

-

-

3,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing (including lease pool depreciation of $1,143 and $2,445 for the three months ended July 31, 2019 and 2018, respectively, and $2,589 and $5,099 for the six months ended July 31, 2019 and 2018 respectively)

-

-

1,880

2,411

-

-

3,242

3,582

-

4,400

4,290

5,125

26,761

739

785

752

30,527

1,175

1,051

1,367

1,989

2,343

1,131

1,226

1,660

1,465

1,119

1,273

1,655

1,663

1,940

2,705

1,711

2,365

1,826

2,157

895

846

Direct costslease pool depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

6,428

6,675

6,873

-

7,241

7,581

7,638

8,204

8,634

8,866

8,695

7,391

7,216

7,386

7,419

8,266

8,308

8,437

8,394

7,384

7,223

6,703

6,090

5,289

5,355

Equipment sales

40

51

249

250

858

1,227

32

700

1,332

211

60

6,139

4,923

83

348

451

823

470

147

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of lease pool equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193

429

394

-

1,119

559

402

2,291

1,341

1,007

1,404

857

519

107

97

385

100

Cost of Seamap and other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,729

5,882

4,174

-

5,522

7,531

3,600

7,416

2,907

4,296

5,242

5,813

3,568

4,429

4,233

7,425

4,199

Total cost of sales

7,310

6,612

6,016

6,116

8,917

9,427

6,490

6,368

8,992

7,743

10,218

15,239

15,217

10,194

10,905

12,097

12,463

13,958

10,163

12,566

13,196

15,899

16,308

14,489

15,482

15,322

16,595

12,694

19,628

14,219

15,680

17,745

15,765

13,675

13,065

12,577

13,994

10,500

Gross Profit

5,947

4,051

2,882

3,741

3,411

5,224

1,860

1,245

1,371

901

618

3,194

-2,669

-2,137

-2,242

-366

-1,021

1,723

-2,609

4,576

1,767

7,007

3,237

11,243

8,165

4,953

4,300

14,597

8,773

4,354

7,400

16,886

21,269

14,345

8,213

13,925

5,979

4,655

Operating expenses:
Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

4,804

-

5,039

5,426

5,313

-

4,359

4,964

4,896

6,007

6,159

6,673

6,119

5,496

6,086

6,048

6,039

5,647

5,854

5,719

5,319

5,951

4,961

5,794

4,648

3,937

4,162

Selling, general and administrative

4,984

4,705

4,795

5,232

4,952

4,819

5,504

5,630

-

4,879

4,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development

408

629

498

315

302

175

312

370

865

299

240

98

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

2,000

0

0

0

0

0

0

200

1,013

0

0

0

-

-

-

-

-

600

600

-

-

-

-

-

-

1,048

-

-

-

-

-

-428

-

679

-492

-

-

797

Contract settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

723

646

651

650

680

579

620

617

526

516

525

581

542

558

647

652

643

600

631

637

625

654

560

352

369

371

378

375

369

362

340

329

318

304

312

305

296

296

Total operating expenses

8,875

5,980

5,944

6,197

5,934

5,573

6,436

6,817

9,025

5,694

5,590

5,483

6,241

5,597

6,073

5,965

10,000

7,701

6,195

5,533

9,482

6,813

7,233

6,471

5,865

7,505

6,426

6,414

6,016

6,216

6,059

5,220

6,697

5,944

5,614

4,953

4,233

5,255

Operating Income (Loss)

-2,928

-1,929

-3,062

-2,456

-2,523

-349

-4,576

-5,572

-7,654

-4,793

-4,972

-2,289

-8,910

-7,734

-8,315

-6,331

-11,021

-5,978

-8,804

-957

-7,715

194

-3,996

4,772

2,300

-2,552

-2,126

8,183

2,757

-1,862

1,341

11,666

14,572

8,401

2,599

8,972

1,746

-600

Other income (expense):
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

0

-

-

-

-4,905

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Income (Expense), Net

-12

-12

-11

-11

25

12

17

18

24

52

17

-46

-

-111

-164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264

-

136

166

221

-

147

85

115

-

37

-160

3

-

-79

96

5

-

25

95

175

90

118

Other, net

-53

-27

-15

107

33

-198

55

86

-391

46

-52

-101

468

287

-612

451

-940

-445

325

786

-2,628

-387

58

189

9

-517

1,000

-261

575

-395

29

-598

174

680

-336

-336

-553

437

Total other expense

-65

-39

-26

96

-1,653

-5,091

72

104

-367

98

-35

-147

364

176

-776

187

-1,142

-581

159

565

-2,954

-534

-27

74

-121

-554

1,160

-264

608

-316

-67

-603

73

655

-431

-511

-643

319

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-2,993

-1,968

-3,088

-2,360

-4,144

-5,440

-4,504

-5,500

-8,021

-4,695

-5,007

-2,436

-8,546

-7,558

-9,091

-6,144

-12,163

-6,559

-8,645

-392

-

-340

-4,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,846

-

-3,106

-966

7,919

3,365

-2,178

1,274

11,063

14,645

9,056

2,168

8,461

1,103

-281

Income Tax Expense (Benefit)

715

60

48

55

-21

-249

85

437

-262

586

357

229

1,308

-228

435

299

14,675

-746

-2,797

-155

-1,484

57

-676

1,109

397

-478

-273

1,612

-50

-956

-5,128

2,607

4,480

2,293

868

2,368

376

-135

Net Income (Loss) Attributable to Parent

-3,708

-2,028

-3,136

-2,415

-4,155

-5,191

-4,589

-5,905

-7,759

-5,281

-5,364

-2,665

-9,854

-7,330

-9,526

-6,443

-26,838

-5,813

-5,848

-237

-9,185

-397

-3,347

3,737

1,782

-2,628

-693

6,307

3,415

-1,222

6,402

8,456

10,165

6,763

1,300

6,093

727

-146

Preferred stock dividends

558

522

499

471

463

449

411

385

275

229

207

194

-

180

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-4,266

-2,550

-3,635

-2,886

-4,618

-5,640

-5,000

-6,290

-8,034

-5,510

-5,571

-2,859

-10,046

-7,510

-9,640

-6,443

-

-5,813

-5,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share:
Earnings Per Share, Basic

-0.35

-0.21

-0.30

-0.24

-0.38

-0.47

-0.41

-0.52

-0.66

-0.46

-0.46

-0.24

-0.84

-0.62

-0.80

-0.53

-2.23

-0.48

-0.49

-0.02

-0.74

-0.03

-0.26

0.29

0.14

-0.21

-0.05

0.49

0.26

-0.10

0.51

0.67

0.85

0.55

0.12

0.61

0.07

-0.01

Earnings Per Share, Diluted

-0.35

-0.21

-0.30

-0.24

-0.38

-0.47

-0.41

-0.52

-0.66

-0.46

-0.46

-0.24

-0.84

-0.62

-0.80

-0.53

-2.23

-0.48

-0.49

-0.02

-0.74

-0.03

-0.26

0.29

0.14

-0.21

-0.05

0.48

0.28

-0.10

0.48

0.63

0.81

0.52

0.11

0.58

0.07

-0.01

Shares used in computing loss per common share:
Basic (in shares)

12,167

12,158

12,128

12,119

12,121

12,119

12,093

12,087

12,089

12,087

12,082

12,078

12,076

12,075

12,070

12,059

12,058

12,051

12,037

12,018

12,020

12,476

12,671

12,749

12,754

12,767

12,742

12,789

12,798

12,771

12,665

12,626

12,454

12,381

10,970

9,923

9,916

9,838

Diluted (in shares)

12,167

12,158

12,128

12,119

12,121

12,119

12,093

12,087

12,089

12,087

12,082

12,078

12,076

12,075

12,070

12,059

12,058

12,051

12,037

12,018

11,667

12,476

12,671

13,102

13,979

12,767

12,742

13,220

13,609

12,771

13,262

13,326

13,209

12,982

11,615

10,470

10,203

9,838