Mitcham Industries Inc. (NASDAQ:MIND) Q2 2021 Earnings Conference Call - Final Transcript

Sep 15, 2020 • 09:00 am ET


Mitcham Industries Inc. (NASDAQ:MIND) Q2 2021 Earnings Conference Call - Final Transcript


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Greetings and welcome to the MIND Technology fiscal 2021 second quarter conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star, zero on your telephone keypad. As a reminder, this conference is being recorded

It is now my pleasure to introduce your host, Mr. Ken Dennard. Thank you, Mr. Dennard. You may begin.

Ken Dennard

Thank you Operator. Good morning and welcome to the MIND Technology fiscal 2021 second quarter conference call. We appreciate all of you joining us today.

Your hosts are Rob Capps, co-Chief Executive Officer and Chief Financial Officer, and Guy Malden, co-Chief Executive Officer and Executive Vice President of Marine Systems.

Before I turn the call over to management, I have the normal housekeeping details to run through. If you'd like to listen to a replay of today's call, it will be available for 90 days via webcast by going to the Investor Relations section of the company's website at, or you can listen via recorded instant replay until September 22, and information on how to access the replay features were provided in yesterday's earnings release.

Information reported on this call speaks only as of today, Tuesday, September 15, 2020 and therefore you are advised that time sensitive information may no longer be accurate as of the time of any replay listening or transcript reading.

Before we begin, let me remind that certain statements made by management during this call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the company is unable to predict or control, that may cause the company's actual future performance or results to materially differ from any future results or performance expressed or implied by those statements. These risks and uncertainties include the risk factors disclosed by the company from time to time in its filing with the SEC, including its annual report on Form 10-K for the year ended January 31, 2020.

Furthermore, as we start this call, please also refer to the statement regarding forward-looking statements incorporated in our press release issued yesterday, and please note that the contents of this call are covered by these statements.

Now I'd like to turn the call over to Guy Malden. Guy?

Guy Malden

Thanks Ken, and good morning everyone. We would like to thank you for joining us today for our fiscal 2021 second quarter conference call.

Though the shadow of the COVID-19 pandemic still looms large over industry activity and our own business, the implementation of our rebranding strategy and our move away from the traditional land seismic leasing business is enabling us to more fully realize our strategic vision and strengthen the company's prospects in the global margin industry. I'll come back and address this important milestone in a