Mitcham Industries, Inc. MIND today announced financial results for its fiscal 2011 second quarter ended July 31, 2010.
Total revenues for the second quarter of fiscal 2011 were $15.2 million compared to $12.7 million in the second quarter of fiscal 2010. The Company reported a net loss of $0.1 million, or $0.01 per share, for the second quarter of fiscal 2011 compared to net loss of $1.0 million, or $0.10 per share, for the second quarter of fiscal 2010.
Fiscal 2011 second quarter results include a charge of $0.8 million to the Company's provision for doubtful accounts. Without this charge, the Company's second quarter 2011 net income would have been approximately $0.4 million, or $0.04 per diluted share.
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