Mind Cti Financials

MNDO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Mind Cti (MNDO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 83/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Mind Cti has an operating margin of 20.4%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 22.0% the prior year.

Growth

Mind Cti's revenue declined 0.8% year-over-year, from $21.6M to $21.4M. This contraction results in a growth score of 26/100.

Leverage

100

Mind Cti carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.78, Mind Cti holds $5.78 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Mind Cti converts 19.1% of revenue into free cash flow ($4.1M). This strong cash generation earns a score of 96/100.

Returns

Mind Cti earns a strong 19.1% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is down from 21.1% the prior year.

Altman Z-Score Safe

4.02

Mind Cti scores 4.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($24.6M) relative to total liabilities ($6.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Mind Cti passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.89x

For every $1 of reported earnings, Mind Cti generates $0.89 in operating cash flow ($4.1M OCF vs $4.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$21.4M

YoY-0.8%

5Y CAGR-1.1%

10Y CAGR-1.5%

Mind Cti generated $21.4M in revenue in fiscal year 2024. This represents a decrease of 0.8% from the prior year.

EBITDA

$4.6M

YoY-7.7%

5Y CAGR-2.5%

10Y CAGR-5.1%

Mind Cti's EBITDA was $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.7% from the prior year.

Free Cash Flow

$4.1M

YoY+1.7%

5Y CAGR-9.1%

10Y CAGR+1.2%

Mind Cti generated $4.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1.7% from the prior year.

Net Income

$4.6M

YoY-10.4%

5Y CAGR-1.8%

10Y CAGR-1.7%

Mind Cti reported $4.6M in net income in fiscal year 2024. This represents a decrease of 10.4% from the prior year.

EPS (Diluted)

$0.22

YoY-12.0%

5Y CAGR-2.5%

Mind Cti earned $0.22 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 12.0% from the prior year.

Cash & Debt

$4.5M

YoY+50.5%

5Y CAGR-7.2%

10Y CAGR-5.8%

Mind Cti held $4.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.24

YoY+0.0%

5Y CAGR-1.6%

10Y CAGR+0.0%

Mind Cti paid $0.24 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

20M

YoY+1.2%

5Y CAGR+0.5%

10Y CAGR+0.6%

Mind Cti had 20M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.

Gross Margin

50.1%

YoY-0.2pp

5Y CAGR-5.2pp

10Y CAGR-10.2pp

Mind Cti's gross margin was 50.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

20.4%

YoY-1.6pp

5Y CAGR-1.8pp

10Y CAGR-9.4pp

Mind Cti's operating margin was 20.4% in fiscal year 2024, reflecting core business profitability. This is down 1.6 percentage points from the prior year.

Net Margin

21.6%

YoY-2.3pp

5Y CAGR-0.8pp

10Y CAGR-0.3pp

Mind Cti's net profit margin was 21.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.

Return on Equity

19.1%

YoY-2.0pp

5Y CAGR-4.0pp

10Y CAGR-5.4pp

Mind Cti's ROE was 19.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

R&D Spending

$3.4M

YoY-4.2%

5Y CAGR-4.1%

10Y CAGR-2.9%

Mind Cti invested $3.4M in research and development in fiscal year 2024. This represents a decrease of 4.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$10K

YoY-84.4%

5Y CAGR-28.1%

10Y CAGR-25.9%

Mind Cti invested $10K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 84.4% from the prior year.

MNDO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$21.4M-0.8%	$21.6M+0.3%	$21.6M-18.2%	$26.3M+12.7%	$23.4M+3.1%	$22.7M
Cost of Revenue	$10.7M-0.3%	$10.7M+8.2%	$9.9M-19.6%	$12.4M+11.7%	$11.1M+10.9%	$10.0M
Gross Profit	$10.7M-1.2%	$10.9M-5.6%	$11.5M-17.1%	$13.9M+13.6%	$12.2M-2.5%	$12.5M
R&D Expenses	$3.4M-4.2%	$3.5M+1.2%	$3.5M-13.7%	$4.0M+2.1%	$4.0M-5.3%	$4.2M
SG&A Expenses	$1.7M+18.8%	$1.4M-7.0%	$1.5M-4.9%	$1.6M-12.1%	$1.8M-12.7%	$2.1M
Operating Income	$4.4M-7.8%	$4.7M-14.0%	$5.5M-19.1%	$6.8M+25.0%	$5.5M+8.4%	$5.0M
Interest Expense	N/A	N/A	$60K+22.4%	$49K+113.0%	$23K+64.3%	$14K
Income Tax	$334K-7.0%	$359K+8.8%	$330K-64.7%	$936K+103.9%	$459K+0.2%	$458K
Net Income	$4.6M-10.4%	$5.2M-2.3%	$5.3M-11.1%	$5.9M+10.5%	$5.4M+6.3%	$5.1M
EPS (Diluted)	$0.22-12.0%	$0.25-3.8%	$0.26-10.3%	$0.29+7.4%	$0.27+8.0%	$0.25

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MNDO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$30.7M-2.9%	$31.6M-0.4%	$31.7M-4.2%	$33.1M+2.2%	$32.4M+4.3%	$31.1M
Current Assets	$18.9M-4.0%	$19.7M-2.9%	$20.3M-1.1%	$20.5M+4.3%	$19.7M+3.2%	$19.1M
Cash & Equivalents	$4.5M+50.5%	$3.0M-43.8%	$5.3M+25.9%	$4.2M-49.4%	$8.3M+27.5%	$6.5M
Inventory	N/A	N/A	N/A	N/A	N/A	$4K
Accounts Receivable	$2.5M+8.8%	$2.3M-2.6%	$2.4M	N/A	N/A	N/A
Goodwill	$7.7M-1.8%	$7.9M+1.1%	$7.8M-1.8%	$7.9M-2.6%	$8.1M+2.9%	$7.9M
Total Liabilities	$6.4M-10.2%	$7.1M-10.1%	$7.9M-15.6%	$9.4M+1.2%	$9.3M+1.5%	$9.2M
Current Liabilities	$3.3M-26.8%	$4.5M-13.5%	$5.2M-8.2%	$5.6M-0.2%	$5.6M-7.0%	$6.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.3M-0.8%	$24.5M+2.9%	$23.8M+0.3%	$23.7M+2.6%	$23.1M+5.4%	$21.9M
Retained Earnings	-$1.6M-17.8%	-$1.3M+19.7%	-$1.7M+3.5%	-$1.7M+30.3%	-$2.5M+19.7%	-$3.1M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$30.7M-2.9%	$31.6M-0.4%	$31.7M-4.2%	$33.1M+2.2%	$32.4M+4.3%	$31.1M+19.7%	$26.0M-5.1%	$27.4M
Current Assets	$18.9M-4.0%	$19.7M-2.9%	$20.3M-1.1%	$20.5M+4.3%	$19.7M+3.2%	$19.1M+2.0%	$18.7M-3.7%	$19.4M
Cash & Equivalents	$4.5M+50.5%	$3.0M-43.8%	$5.3M+25.9%	$4.2M-49.4%	$8.3M+27.5%	$6.5M+136.5%	$2.7M-45.4%	$5.0M
Inventory	N/A	N/A	N/A	N/A	N/A	$4K0.0%	$4K0.0%	$4K
Accounts Receivable	$2.5M+8.8%	$2.3M-2.6%	$2.4M	N/A	N/A	N/A	N/A	$524K
Goodwill	$7.7M-1.8%	$7.9M+1.1%	$7.8M-1.8%	$7.9M-2.6%	$8.1M+2.9%	$7.9M+45.7%	$5.4M0.0%	$5.4M
Total Liabilities	$6.4M-10.2%	$7.1M-10.1%	$7.9M-15.6%	$9.4M+1.2%	$9.3M+1.5%	$9.2M+83.3%	$5.0M-21.4%	$6.4M
Current Liabilities	$3.3M-26.8%	$4.5M-13.5%	$5.2M-8.2%	$5.6M-0.2%	$5.6M-7.0%	$6.1M+76.6%	$3.4M-23.7%	$4.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.3M-0.8%	$24.5M+2.9%	$23.8M+0.3%	$23.7M+2.6%	$23.1M+5.4%	$21.9M+4.5%	$21.0M-0.2%	$21.0M
Retained Earnings	-$1.6M-17.8%	-$1.3M+19.7%	-$1.7M+3.5%	-$1.7M+30.3%	-$2.5M+19.7%	-$3.1M+0.1%	-$3.1M-8.1%	-$2.9M

MNDO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$4.1M+0.3%	$4.1M-10.0%	$4.6M-33.9%	$6.9M+6.1%	$6.5M-2.7%	$6.7M
Capital Expenditures	$10K-84.4%	$64K-50.8%	$130K+58.5%	$82K+20.6%	$68K+30.8%	$52K
Free Cash Flow	$4.1M+1.7%	$4.0M-8.9%	$4.4M-35.0%	$6.8M+6.0%	$6.4M-3.0%	$6.6M
Investing Cash Flow	$2.3M+248.7%	-$1.5M-184.3%	$1.8M+132.1%	-$5.7M-16632.4%	-$34K-101.7%	$2.0M
Financing Cash Flow	-$4.9M-0.6%	-$4.8M+7.4%	-$5.2M-0.6%	-$5.2M-8.8%	-$4.8M+5.7%	-$5.1M
Dividends Paid	$4.9M+0.6%	$4.8M-7.4%	$5.2M+0.5%	$5.2M+8.3%	$4.8M-5.9%	$5.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MNDO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	50.1%-0.2pp	50.3%-3.1pp	53.4%+0.7pp	52.7%+0.4pp	52.3%-3.0pp	55.3%
Operating Margin	20.4%-1.6pp	22.0%-3.7pp	25.6%-0.3pp	25.9%+2.6pp	23.4%+1.1pp	22.2%
Net Margin	21.6%-2.3pp	23.9%-0.6pp	24.5%+1.9pp	22.6%-0.4pp	23.0%+0.7pp	22.4%
Return on Equity	19.1%-2.0pp	21.1%-1.1pp	22.2%-2.9pp	25.1%+1.8pp	23.3%+0.2pp	23.1%
Return on Assets	15.1%-1.3pp	16.3%-0.3pp	16.7%-1.3pp	17.9%+1.3pp	16.6%+0.3pp	16.3%
Current Ratio	5.78+1.4	4.41+0.5	3.92+0.3	3.64+0.2	3.49+0.3	3.14
Debt-to-Equity	0.26-0.0	0.29-0.0	0.33-0.1	0.400.0	0.40-0.0	0.42
FCF Margin	19.1%+0.5pp	18.7%-1.9pp	20.5%-5.3pp	25.9%-1.6pp	27.5%-1.7pp	29.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	5.78+1.4	4.41+0.5	3.92+0.3	3.64+0.2	3.49+0.3	3.14-2.3	5.44+1.1	4.31
Debt-to-Equity	0.26-0.0	0.29-0.0	0.33-0.1	0.400.0	0.40-0.0	0.42+0.2	0.24-0.1	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Mind Cti's annual revenue?

Mind Cti (MNDO) reported $21.4M in total revenue for fiscal year 2024. This represents a -0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mind Cti's revenue growing?

Mind Cti (MNDO) revenue declined by 0.8% year-over-year, from $21.6M to $21.4M in fiscal year 2024.

Is Mind Cti profitable?

Yes, Mind Cti (MNDO) reported a net income of $4.6M in fiscal year 2024, with a net profit margin of 21.6%.

What is Mind Cti's earnings per share (EPS)?

Mind Cti (MNDO) reported diluted earnings per share of $0.22 for fiscal year 2024. This represents a -12.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Mind Cti's EBITDA?

Mind Cti (MNDO) had EBITDA of $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Mind Cti's gross margin?

Mind Cti (MNDO) had a gross margin of 50.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mind Cti's operating margin?

Mind Cti (MNDO) had an operating margin of 20.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Mind Cti's net profit margin?

Mind Cti (MNDO) had a net profit margin of 21.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Mind Cti pay dividends?

Yes, Mind Cti (MNDO) paid $0.24 per share in dividends during fiscal year 2024.

What is Mind Cti's return on equity (ROE)?

Mind Cti (MNDO) has a return on equity of 19.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Mind Cti's free cash flow?

Mind Cti (MNDO) generated $4.1M in free cash flow during fiscal year 2024. This represents a 1.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Mind Cti's operating cash flow?

Mind Cti (MNDO) generated $4.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Mind Cti's total assets?

Mind Cti (MNDO) had $30.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Mind Cti's capital expenditures?

Mind Cti (MNDO) invested $10K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Mind Cti spend on research and development?

Mind Cti (MNDO) invested $3.4M in research and development during fiscal year 2024.

How many shares does Mind Cti have outstanding?

Mind Cti (MNDO) had 20M shares outstanding as of fiscal year 2024.

What is Mind Cti's current ratio?

Mind Cti (MNDO) had a current ratio of 5.78 as of fiscal year 2024, which is generally considered healthy.

What is Mind Cti's debt-to-equity ratio?

Mind Cti (MNDO) had a debt-to-equity ratio of 0.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mind Cti's return on assets (ROA)?

Mind Cti (MNDO) had a return on assets of 15.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Mind Cti's Altman Z-Score?

Mind Cti (MNDO) has an Altman Z-Score of 4.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mind Cti's Piotroski F-Score?

Mind Cti (MNDO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mind Cti's earnings high quality?

Mind Cti (MNDO) has an earnings quality ratio of 0.89x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Mind Cti?

Mind Cti (MNDO) scores 83 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.