Mind Cti Stock Price, News & Analysis

MIND C.T.I. LTD. (MNDO) reported its Q4 and full year 2022 financial results, showing a decline in both revenues and net income. Q4 revenues decreased to $5.4 million from $6.0 million in Q4 2021. Operating income was $1.2 million (23% of revenue), down from $1.6 million (27%). The full year revenues were $21.5 million, down from $26.3 million in 2021. Net income for the year was $5.3 million, or $0.26 per share, compared to $5.9 million or $0.30 per share in 2021. A cash dividend of $0.24 per share was declared, record date March 22, 2023, and payment date April 6, 2023.

MIND C.T.I. Ltd. (MNDO) reported its Q3 2022 financial results, with revenues of $5.3 million, down from $7.0 million in Q3 2021. Operating income was $1.4 million and net income $1.3 million, or $0.06 per share. Cash flow from operations was $1.0 million, an increase from $0.6 million in Q3 2021. For the nine months ended, revenues decreased to $16.2 million, down from $20.4 million in 2021, primarily due to the messaging segment. The company's cash position stood at $16.0 million.

MIND C.T.I. LTD. (MNDO) reported Q2 2022 revenues of $5.2 million, down from $7.2 million in Q2 2021. This decline is mainly due to a drop in the messaging segment, which generated $1.7 million compared to $3.6 million last year. Operating income fell to $1.3 million (25% of revenues) and net income decreased to $1.2 million ($0.06 per share) from $1.5 million ($0.08 per share). Cash flow from operations was $1.6 million, down from $3.2 million. The company announced multiple follow-on orders and a successful new win with a mobile operator in CIS.

MIND C.T.I. (NasdaqGM: MNDO) reported its financial results for Q1 2022, with revenues of $5.7 million, down from $6.1 million in Q1 2021. Operating income remained stable at $1.6 million (29% of revenues), while net income was $1.5 million ($0.07 per share). The company has launched a new MINDBill e-commerce platform and completed multiple follow-on orders. Internationally, Europe generated 51% of revenues. The board declared a dividend of $0.26 per share, netted to approximately $5.2 million. The Annual Meeting will be held on June 30, 2022.

MIND C.T.I. LTD. (MNDO) reported a strong financial performance for Q4 and the full year ended December 31, 2021. Q4 revenues rose to $6.0 million, up from $5.8 million in 2020, with a net income of $1.5 million, or $0.08 per share. For the full year, revenues reached $26.3 million, an increase from $23.4 million in 2020, and net income was $5.9 million, or $0.30 per share. The Board declared a cash dividend of $0.26 per share, payable on April 6, 2022. However, management warned of potential volatility in revenues due to the unpredictable messaging market and ongoing challenges in telecom.

MIND C.T.I. LTD. (MNDO) reported third-quarter 2021 revenues of $7.0 million, up from $5.9 million in Q3 2020, primarily driven by its messaging segment. Operating income rose to $1.7 million, and net income remained stable at $1.4 million, or $0.07 per share. However, cash flow from operations decreased to $0.6 million compared to $1.9 million in the same period last year. The company is pursuing acquisitions to drive growth, while indicating a challenging business environment. As of September 30, 2021, MIND holds a cash position of $16.1 million.

MIND C.T.I. LTD. (MNDO) reported strong financial results for Q2 2021, with revenues of $7.2 million, up from $5.6 million in Q2 2020. Operating income increased to $1.9 million, representing 26% of total revenues, and net income rose to $1.5 million or $0.07 per share. The company also generated $3.2 million in operating cash flow, compared to $1.3 million last year. Despite strong growth driven by the messaging segment, CEO Monica Iancu warned of potential volatility due to external factors. The cash position stood at $15.4 million as of June 30, 2021.

MIND C.T.I. LTD. (Nasdaq: MNDO) reported a modest revenue increase to $6.1 million for Q1 2021, up from $6.0 million in Q1 2020. Operating income rose to $1.6 million (26% of revenues), compared to $1.3 million (22%) a year prior. Net income improved to $1.5 million ($0.07 per share) from $1.2 million ($0.06 per share). Cash flow from operations dropped to $0.6 million from $1.1 million year-over-year. The company retains a cash position of $17.5 million, but announced a dividend distribution of $5.2 million in April 2021. Management changes include a new CFO, Tal Weiss, effective April 2021.

MIND C.T.I. LTD. (NasdaqGM: MNDO) announced its financial results for Q4 and full year 2020, reporting revenues of $5.8 million for Q4, down from $6.7 million in Q4 2019, while full-year revenues reached $23.4 million, slightly up from $22.7 million in 2019. The company declared a gross dividend of $0.26 per share, payable on April 8, 2021. Net income for Q4 was $1.4 million ($0.07 per share), compared to $1.3 million in Q4 2019. MIND plans to continue pursuing acquisitions to drive future growth despite anticipated short-term market challenges due to COVID-19 and competition.