Mitcham Industries is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments: the Equipment Leasing, which is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry; and the Equipment Manufacturing and Sales segment, which is engaged in the design, production and sale of marine seismic equipment, and oceanographic and hydrographic equipment.

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TypePublic
HQHuntsville, US
Founded1987
Size (employees)197 (est)-1%
Websitemitchamindustries.com
Mitcham Industries was founded in 1987 and is headquartered in Huntsville, US
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Key People/Management at Mitcham Industries

Frank Cobis

Frank Cobis

Vice President - Klein
Dean Dennison

Dean Dennison

Vice President - Leasing Operations
Mark Welker

Mark Welker

Vice President - Seamap
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Mitcham Industries Office Locations

Mitcham Industries has offices in Huntsville, Salem, Somerset, Singapore and in 5 other locations
Huntsville, US (HQ)
8141 TX-75
Somerset, GB
Brewmaster Buildings
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Mitcham Industries Financials and Metrics

Mitcham Industries Revenue

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Mitcham Industries's revenue was reported to be $48.28 m in FY, 2018
USD

Revenue (Q2, 2019)

8.4m

Gross profit (Q2, 2019)

1.9m

Gross profit margin (Q2, 2019), %

22.3%

Net income (Q2, 2019)

(4.6m)

EBIT (Q2, 2019)

(4.6m)

Market capitalization (14-Dec-2018)

42.3m

Closing stock price (14-Dec-2018)

3.5

Cash (31-Jan-2018)

9.9m
Mitcham Industries's current market capitalization is $42.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

51.8m41.0m48.3m

Cost of goods sold

49.2m48.4m42.2m

Gross profit

2.7m(7.4m)6.1m

Gross profit Margin, %

5%(18%)13%
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q2, 2017Q2, 2019

Revenue

20.3m25.7m19.5m22.9m7.6m15.7m8.7m8.4m

Cost of goods sold

15.3m14.5m16.3m15.9m10.2m14.0m10.9m6.5m

Gross profit

5.0m11.2m3.2m7.0m(2.6m)1.7m(2.2m)1.9m

Gross profit Margin, %

24%44%17%31%(35%)11%(26%)22%
USDFY, 2014FY, 2016FY, 2017FY, 2018

Cash

15.2m3.8m2.9m9.9m

Inventories

8.3m12.9m12.0m10.9m

Current Assets

62.2m40.7m35.1m33.0m

Goodwill

4.3m4.2m4.0m2.5m
Annual
USDFY, 2014FY, 2016FY, 2017FY, 2018

Net Income

4.8m(38.7m)(33.2m)(21.1m)

Depreciation and Amortization

31.0m32.1m28.3m16.6m

Inventories

(2.8m)677.0k850.0k685.0k

Cash From Operating Activities

21.2m15.0m3.2m719.0k
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q2, 2017Q2, 2019

Net Income

3.0m3.7m390.0k(7.0k)(6.1m)(11.9m)(16.0m)(10.5m)

Depreciation and Amortization

23.2m9.1m18.5m27.9m16.6m24.4m14.9m6.4m

Inventories

(2.8m)175.0k416.0k630.0k(3.3m)(982.0k)181.0k(1.4m)

Cash From Operating Activities

18.7m14.1m19.2m16.5m11.7m13.9m3.1m(5.8m)
USDY, 2018

Financial Leverage

1.1 x
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Mitcham Industries News and Updates

Mitcham Industries Announces Fiscal 2019 Third Quarter Earnings Release And Conference Call Schedule

HUNTSVILLE, Texas, Nov. 26, 2018 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) announced today that it will release financial results for its fiscal 2019 third quarter ended October 31, 2018 after the market closes on Wednesday, December 5, 2018. In conjunction with the release, ...

Mitcham Industries Declares Cash Dividend on its 9.00% Series A Cumulative Preferred Stock

HUNTSVILLE, Texas, Oct. 5, 2018 /PRNewswire/ -- Mitcham Industries, Inc. ("Mitcham" or the "Company") (Nasdaq: MIND) announced today that it has declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the third quarter of its...
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Mitcham Industries Company Life and Culture

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Mitcham Industries Frequently Asked Questions

  • When was Mitcham Industries founded?

    Mitcham Industries was founded in 1987.

  • Who are Mitcham Industries key executives?

    Mitcham Industries's key executives are Frank Cobis, Dean Dennison and Mark Welker.

  • How many employees does Mitcham Industries have?

    Mitcham Industries has 197 employees.

  • What is Mitcham Industries revenue?

    Latest Mitcham Industries annual revenue is $48.3 m.

  • What is Mitcham Industries revenue per employee?

    Latest Mitcham Industries revenue per employee is $245.1 k.

  • Who are Mitcham Industries competitors?

    Competitors of Mitcham Industries include Magillem, UAE Technician and D&H Distributing.

  • Where is Mitcham Industries headquarters?

    Mitcham Industries headquarters is located at 8141 TX-75, Huntsville.

  • Where are Mitcham Industries offices?

    Mitcham Industries has offices in Huntsville, Salem, Somerset, Singapore and in 5 other locations.

  • How many offices does Mitcham Industries have?

    Mitcham Industries has 9 offices.