MIND Technology finally has something to announce with the US Navy. This is not the order that I’ve been waiting for but this is great sign that the Navy is interested in MIND’s sonar technology. We don’t know how this will impact revenue, it is unlikely to be a material impact in the short term. Although this is a clear sign that the US Navy is interested in MIND’s sonar and gap-filler technology.
The market seems like the market likes it, stock is up 50% in after market.