| Business Summary | | Mitcham
Industries,
Inc.
leases
and
sells
geophysical
and
other
equipment
used
primarily
by
seismic
data
acquisition
contractors
to
perform
seismic
data
surveys
on
land
and
in
transition
zones
(marsh
and
shallow
water
areas).
The
Company
conducts
its
operations
on
a
worldwide
basis
and
is
a
leading
independent
seismic
equipment
lessor
in
North
and
South
America.
The
Company
typically
purchases
new
and
used
seismic
equipment
for
short-term
(less
than
one
year)
lease
to
its
customers,
which
primarily
include
seismic
contractors.
The
Company's
equipment
sales
business
serves
a
diverse
base
of
industry,
governmental,
university
and
research
customers.
The
Company's
lease/purchase
activities
reflect
the
two
components
involved
in
lease/purchase
option
contracts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MIND
leases
and
sells
seismic
data
acquisition
equipment
to
the
oil
and
gas
industry.
MIND
provides
short-term
leasing
of
peripheral
seismic
equipment
and
offers
maintenance
and
support
during
the
lease
term.
For
the
three
months
ended
4/30/01,
revenues
increased
72%
to
$7.1
million.
Net
income
totaled
$493
thousand
vs.
a
loss
of
$793
thousand.
Revenues
reflect
higher
demand
for
equipment.
Net
income
also
reflects
an
improved
gross
margin
due
to
newer
equipment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Billy Mitcham, Jr., 53 Chairman,
Pres, CEO | $251K | P. Blake Dupuis, 47 Exec.
VP-Fin., Sec., Treasurer, Director | 163K | William Sheppard, 53 Exec.
VP - International Operations, Director | 134K | Christopher Siffert, 33 VP,
Controller | 106K | Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|