Welcome to our dedicated page for Mind Cti news (Ticker: MNDO), a resource for investors and traders seeking the latest updates and insights on Mind Cti stock.
Mind C.T.I. Ltd (NASDAQ: MNDO) provides specialized billing and customer care software for global telecom carriers and enterprises. This news hub offers investors and industry professionals centralized access to official updates about the company's operations and financial developments.
Track critical announcements including quarterly earnings, product innovations in real-time billing systems, and strategic partnerships with telecom providers. Our curated collection features press releases about software updates for call accounting solutions, messaging platform enhancements, and expansions into new geographic markets.
Bookmark this page to monitor MNDO's progress in developing convergent billing technologies for mobile, VoIP, and quad-play service providers. Stay informed about operational milestones through verified sources, with content organized for quick scanning on all devices.
MIND CTI (NASDAQ: MNDO) reported its Q1 2025 financial results, showing a decline in performance. Revenues decreased to $5.0 million from $5.8 million in Q1 2024, while operating income fell to $0.4 million (7% of revenues) from $1.2 million (22%) year-over-year. Net income dropped to $0.5 million ($0.02 per share) from $1.3 million ($0.07 per share).
The company's revenue distribution showed 61% from Europe (including 35% from messaging in Germany), 33% from Americas, and 6% from other regions. By segment, customer care and billing software contributed 50%, enterprise messaging 35%, and call accounting software 15%. The company declared a dividend of $0.22 per share, totaling approximately $4.5 million.
Management warned of expected significant negative impact on 2025 revenues and income due to multiple challenges in their customer care and billing software segment.
MIND CTI (NASDAQ: MNDO) reported its Q4 and full-year 2024 results, showing a slight decline in performance. Q4 revenues reached $5.2 million (down from $5.6M in Q4 2023), with operating income at $1.3M. Full-year 2024 revenues were $21.4M compared to $21.6M in 2023, while net income decreased to $4.6M ($0.23 per share) from $5.2M ($0.26 per share).
The company faced significant challenges in 2024, including industry consolidation, new competitors, and reduced telecom investment due to 5G infrastructure priorities. Notable metrics include: cash position of $15.8M, operating income margin of 20%, and maintenance services accounting for 97% of total revenues. The Board declared a dividend of $0.22 per share, payable April 10, 2025.
Management expects unfavorable impact on revenues and profitability in 2025, citing inability to recruit new customers in 2024 and ongoing market pressures.
MIND C.T.I. (NasdaqGM: MNDO) announced a definitive agreement to acquire Aurenz GmbH, a leading provider of UC analytics and call accounting solutions in Germany. Founded in 1983, Aurenz integrates seamlessly into UC systems, enhancing operational efficiency and customer satisfaction.
Jürgen Dagutat will continue as Managing Director, ensuring continuity and strengthening partnerships. This acquisition aims to reinforce MIND's position in the European market by leveraging Aurenz’s solid reputation and expertise.
According to Ariel Glassner, CEO of MIND, Aurenz's strong market presence and experienced team will boost MIND's success in the European markets. MIND's robust cash position and resources will support market needs and sustain its dividend policy.
The acquisition, valued at approximately $1.88 million in cash, is expected to be marginally accretive to earnings per share, excluding acquisition-related items, starting fiscal 2025. The transaction will be completed shortly, subject to customary closing requirements. MIND's financial results will include Aurenz's performance from Q1 2025.
MIND CTI (NASDAQ: MNDO) reported Q3 2024 financial results with revenues of $5.2 million, down from $5.3 million in Q3 2023. Operating income decreased to $0.7 million from $1.2 million, while net income was $0.9 million ($0.05 per share) compared to $1.3 million ($0.06 per share) last year. For the nine-month period, revenues increased to $16.2 million from $16.0 million, with net income of $3.4 million ($0.17 per share). The company secured one new win with an existing customer for MVNE platform enhancement and received multiple follow-on orders. Cash position stood at $15.5 million as of September 30, 2024.
MIND CTI (NASDAQ: MNDO) reported Q2 2024 results with revenues of $5.3 million, matching Q2 2023. Operating income was $1.0 million (20% of revenues), slightly down from $1.1 million in Q2 2023. Net income remained stable at $1.1 million ($0.06 per share). For the first six months of 2024, revenues increased to $11.0 million from $10.7 million in the same period of 2023.
CEO Monica Iancu announced her transition to Chairperson, with Ariel Glassner appointed as the new CEO. The company's cash position was $14.6 million as of June 30, 2024. A cash dividend of $0.24 per share was distributed in April 2024. Revenue distribution showed Europe representing 53% of total revenues, with the Americas at 42%.
MIND CTI reported its first quarter 2024 results with revenues of $5.8 million, operating income of $1.2 million, net income of $1.3 million, and cash flow from operating activities of $0.9 million. The company highlighted investments in new technologies to support 5G and IoT, released a SIM OTA provisioning platform, and maintained a cash position of $17.4 million. Revenues were distributed with 60% in Europe, 34% in the Americas, and 6% in the rest of the world. The company also declared a dividend of $0.24 per share and updated on its AGM and Board of Directors meeting.
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