926423--4/15/2009--MITCHAM_INDUSTRIES_INC

related topics
{gas, price, oil}
{condition, economic, financial}
{customer, product, revenue}
{operation, international, foreign}
{capital, credit, financial}
{stock, price, share}
{provision, law, control}
{personnel, key, retain}
{acquisition, growth, future}
{stock, price, operating}
Demand for seismic data is not assured. A limited number of customers account for a significant portion of our revenues, and the loss of one of these customers could harm our results of operations. The financial soundness of our customers could materially affect our business and operating results. We derive significant revenues from foreign sales, which pose additional risks to our operations. We may not be able to obtain funding or obtain funding on acceptable terms because of the deterioration of the credit and capital markets, which may hinder or prevent us from meeting our future capital needs. Our operations and financial condition will be materially adversely affected if we are unable to continually obtain additional lease contracts. Our failure to attract and retain key personnel could adversely affect our operations. Our long-lived assets may be subject to impairment due to the current financial crisis. Our seismic lease pool is subject to technological obsolescence. Seasonal conditions cause fluctuations in our operating results. We face competition in our seismic equipment leasing activities. We rely on a small number of suppliers and disruption in vendor supplies could adversely affect our results of operations. The operations of Seamap are subject to special risks that could have a material adverse effect on our operations. Our stock price is subject to volatility. Recent growth many not be sustainable. Because we have no plans to pay any dividends for the foreseeable future, investors must look solely to stock appreciation for a return on their investment in us. Provisions in our articles of incorporation and Texas law could discourage a takeover attempt, which may reduce or eliminate the likelihood of a change of control transaction and, therefore, the ability of our shareholders to sell their shares for a premium.

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