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Side-by-side financial comparison of Genasys Inc. (GNSS) and MIND TECHNOLOGY, INC (MIND). Click either name above to swap in a different company.

Genasys Inc. is the larger business by last-quarter revenue ($17.1M vs $9.7M, roughly 1.8× MIND TECHNOLOGY, INC). MIND TECHNOLOGY, INC runs the higher net margin — 0.6% vs -4.8%, a 5.4% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs -20.0%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs -14.9%).

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

GNSS vs MIND — Head-to-Head

Bigger by revenue
GNSS
GNSS
1.8× larger
GNSS
$17.1M
$9.7M
MIND
Growing faster (revenue YoY)
GNSS
GNSS
+165.9% gap
GNSS
145.9%
-20.0%
MIND
Higher net margin
MIND
MIND
5.4% more per $
MIND
0.6%
-4.8%
GNSS
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
-14.9%
MIND

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GNSS
GNSS
MIND
MIND
Revenue
$17.1M
$9.7M
Net Profit
$-817.0K
$62.0K
Gross Margin
48.0%
46.6%
Operating Margin
-2.1%
8.0%
Net Margin
-4.8%
0.6%
Revenue YoY
145.9%
-20.0%
Net Profit YoY
80.0%
-95.2%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GNSS
GNSS
MIND
MIND
Q4 25
$17.1M
$9.7M
Q3 25
$17.0M
$13.6M
Q2 25
$9.9M
$7.9M
Q1 25
$6.9M
$15.0M
Q4 24
$6.9M
$12.1M
Q3 24
$6.7M
$10.0M
Q2 24
$7.2M
$9.7M
Q1 24
$5.7M
$13.4M
Net Profit
GNSS
GNSS
MIND
MIND
Q4 25
$-817.0K
$62.0K
Q3 25
$-1.4M
$1.9M
Q2 25
$-6.5M
$-970.0K
Q1 25
$-6.1M
$2.0M
Q4 24
$-4.1M
$1.3M
Q3 24
$-11.4M
$798.0K
Q2 24
$-6.7M
$954.0K
Q1 24
$-6.9M
$1.4M
Gross Margin
GNSS
GNSS
MIND
MIND
Q4 25
48.0%
46.6%
Q3 25
50.3%
50.4%
Q2 25
26.3%
42.2%
Q1 25
37.7%
43.5%
Q4 24
45.8%
44.8%
Q3 24
40.8%
47.6%
Q2 24
52.8%
43.6%
Q1 24
37.9%
46.7%
Operating Margin
GNSS
GNSS
MIND
MIND
Q4 25
-2.1%
8.0%
Q3 25
7.7%
19.6%
Q2 25
-60.1%
-8.3%
Q1 25
-90.2%
18.5%
Q4 24
-85.6%
15.5%
Q3 24
-105.8%
14.2%
Q2 24
-74.8%
7.5%
Q1 24
-121.9%
17.3%
Net Margin
GNSS
GNSS
MIND
MIND
Q4 25
-4.8%
0.6%
Q3 25
-8.3%
14.2%
Q2 25
-65.8%
-12.3%
Q1 25
-88.6%
13.5%
Q4 24
-58.8%
10.7%
Q3 24
-168.9%
8.0%
Q2 24
-93.2%
9.9%
Q1 24
-120.9%
10.8%
EPS (diluted)
GNSS
GNSS
MIND
MIND
Q4 25
$-0.02
Q3 25
$-0.03
Q2 25
$-0.14
Q1 25
$-0.14
Q4 24
$-0.09
Q3 24
$-0.26
Q2 24
$-0.15
Q1 24
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GNSS
GNSS
MIND
MIND
Cash + ST InvestmentsLiquidity on hand
$10.3M
$19.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$39.9M
Total Assets
$67.6M
$47.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNSS
GNSS
MIND
MIND
Q4 25
$10.3M
$19.4M
Q3 25
$8.0M
$7.8M
Q2 25
$5.5M
$9.2M
Q1 25
$7.1M
$5.3M
Q4 24
$13.6M
$3.5M
Q3 24
$12.9M
$1.9M
Q2 24
$12.7M
$924.0K
Q1 24
$6.6M
$5.3M
Stockholders' Equity
GNSS
GNSS
MIND
MIND
Q4 25
$1.8M
$39.9M
Q3 25
$2.2M
$28.8M
Q2 25
$3.2M
$26.6M
Q1 25
$8.1M
$27.3M
Q4 24
$13.7M
$25.2M
Q3 24
$17.6M
$24.5M
Q2 24
$28.5M
$23.6M
Q1 24
$34.9M
$22.6M
Total Assets
GNSS
GNSS
MIND
MIND
Q4 25
$67.6M
$47.3M
Q3 25
$63.9M
$35.8M
Q2 25
$57.4M
$36.2M
Q1 25
$49.7M
$36.7M
Q4 24
$54.6M
$36.1M
Q3 24
$53.9M
$37.8M
Q2 24
$59.4M
$34.9M
Q1 24
$51.0M
$33.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GNSS
GNSS
MIND
MIND
Operating Cash FlowLast quarter
$7.2M
$894.0K
Free Cash FlowOCF − Capex
$801.0K
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.0%
1.0%
Cash ConversionOCF / Net Profit
14.42×
TTM Free Cash FlowTrailing 4 quarters
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNSS
GNSS
MIND
MIND
Q4 25
$7.2M
$894.0K
Q3 25
$2.5M
$-1.2M
Q2 25
$-5.9M
$4.1M
Q1 25
$-6.3M
$2.1M
Q4 24
$947.0K
$2.3M
Q3 24
$556.0K
$1.1M
Q2 24
$-7.5M
$-4.8M
Q1 24
$-6.8M
$657.0K
Free Cash Flow
GNSS
GNSS
MIND
MIND
Q4 25
$801.0K
Q3 25
$2.5M
$-1.3M
Q2 25
$-5.9M
$3.8M
Q1 25
$-6.5M
$1.8M
Q4 24
$878.0K
$2.2M
Q3 24
$526.0K
$978.0K
Q2 24
$-7.5M
$-4.8M
Q1 24
$-6.8M
$566.0K
FCF Margin
GNSS
GNSS
MIND
MIND
Q4 25
8.3%
Q3 25
14.5%
-9.9%
Q2 25
-59.9%
48.5%
Q1 25
-93.4%
12.2%
Q4 24
12.7%
18.3%
Q3 24
7.8%
9.7%
Q2 24
-105.0%
-49.8%
Q1 24
-118.1%
4.2%
Capex Intensity
GNSS
GNSS
MIND
MIND
Q4 25
0.0%
1.0%
Q3 25
0.2%
1.3%
Q2 25
0.1%
3.0%
Q1 25
2.2%
1.5%
Q4 24
1.0%
0.6%
Q3 24
0.4%
0.8%
Q2 24
0.1%
0.7%
Q1 24
0.2%
0.7%
Cash Conversion
GNSS
GNSS
MIND
MIND
Q4 25
14.42×
Q3 25
-0.60×
Q2 25
Q1 25
1.01×
Q4 24
1.77×
Q3 24
1.33×
Q2 24
-4.98×
Q1 24
0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

MIND
MIND

Segment breakdown not available.

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