MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink …
Full MIND analysis →
Competitive advantage assessment
Key strengths
Strong Liquidity BufferLiquidity position is strong (score 0.81), providing operational cushion.
Operating Leverage in EffectOperating leverage is evident (score 0.80), with margins expanding over time.
Where MIND ranks in Scientific & Technical Instruments
MIND Technology, Inc. ranks #16 of 34
scored companies in Scientific & Technical Instruments by moat score — the top 47%.
The widest moat in the group is Garmin Ltd. (GRMN)
at 85/100.
Moat scores for companies ranked near MIND in Scientific & Technical Instruments
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 54
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 43
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 36
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 65
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 63
· 15% of the moat score
Scale matters only when it converts into economics.
MIND Technology, Inc. (MIND) scores 51 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #16 of 34 scored companies in Scientific & Technical Instruments, the top 47%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Scientific & Technical Instruments. Its strongest defense is Resilience (65/100) and its weakest is Capital Efficiency (36/100).
How does MIND Technology, Inc. compare with other Scientific & Technical Instruments companies?
MIND Technology, Inc. ranks #16 of 34 scored companies in Scientific & Technical Instruments by moat score. The widest moat in Scientific & Technical Instruments is Garmin Ltd. (GRMN) at 84/100. The companies ranked closest are Electro-Sensors, Inc. (ELSE) at 54 just above it and Mesa Laboratories, Inc. (MLAB) at 51 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Scientific & Technical Instruments. The defenses are then weighted to produce the overall score out of 100.
Why is MIND Technology, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for MIND Technology, Inc.?
The Corporate Default template measures 6 defenses, and MIND scores: Pricing Power (48), Cost Advantage (54), Customer Stickiness (43), Capital Efficiency (36), Resilience (65), Scale & Market Position (63). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.