MIND CTI Reports Second Quarter 2024 Results
2024年8月6日 - 7:43PM
MIND C.T.I. LTD. – (NasdaqGM:MNDO), a leading provider of
convergent end-to-end prepaid/postpaid billing and customer care
product-based solutions for service providers, unified
communications analytics and call accounting solutions for
enterprises as well as enterprise messaging solutions, today
announced results for its second quarter ended June 30, 2024.
The following will summarize our major
developments in the second quarter of 2024 as well as our business.
The financial results can be found in the Company News section of
our website at http://www.mindcti.com/company/news/ and in our Form
6-K.
Financial Highlights
- Revenues of $5.3 million, same as
the second quarter of 2023, and compared to $5.8 in the first
quarter of 2024, where the messaging segment was favorably impacted
by larger than usual customer campaigns.
- Operating income of $1.0 million,
or 20% of total revenues, compared with $1.1 million, or 20% of
total revenues in the second quarter of 2023.
- Net income was $1.1 million, or
$0.06 per share, compared with $1.1 million, or $0.06 per share in
the second quarter of 2023.
- Cash flow from
operating activities was $2.0 million, compared with $1.9 million
in the second quarter of 2023.
Six Month Financial
Highlights
- Revenues of $11.0 million, compared
with $10.7 million in the first six months of 2023.
- Operating income of $2.3 million,
or 20.9% of total revenues, compared with $2.4 million or 22% of
total revenues in the first six months of 2023.
- Net income of $2.5 million, or
$0.12 per share, same as the first six months of 2023.
- Cash flow from
operating activities in the first six months of 2024 was $2.9
million, compared with $2.4 million in the first six months of
2023.
Monica Iancu, MIND CTI’s CEO, commented: “In
August 2024, MIND celebrates 24 years as a public company. We have
delivered some years of growth and encountered some difficult
periods, including the present year, with multiple challenges to
overcome. We have an incredibly strong billing platform, highly
scalable analytic enterprise solutions, a flexible messaging
platform and a strong team with proven successful execution. It is
the right time for me to retire as CEO and to transition into the
role of Chairperson of the Board, and I intend to continue to hold
my shareholder position for the foreseeable future. After we
completed a selection process, the Board of Directors has nominated
Mr. Ariel Glassner for the CEO position. Mr. Glassner brings over
25 years of leadership experience and his career includes CEO roles
at startup companies during the last five years. Mr. Glassner
shaped his expertise in Telco solutions during his 15-year tenure
at Amdocs, leading the implementation of complex solutions for
major telecommunication operators. He played a pivotal role in
driving revenues and overseeing transactions, and is also a
graduate of the Amdocs Excellent Leaders program.
“We built MIND around a culture of integrity and
innovation that will continue to serve our employees and customers
for years to come. We own great technology, and have a team that is
ready to deliver a bright and secure future for our customers. I am
confident that Ariel will preserve the same values and believe he
is the right leader to take MIND to new heights.”
Cash Position Our cash
position, including short-term deposits and marketable securities,
was $14.6 million as of June 30, 2024, compared with $15 million as
of June 30, 2023.
As previously announced, the Board declared on
March 8, 2024, a cash dividend of $0.24 per share before
withholding tax. The dividend sum of approximately $4.9 million was
distributed in April 2024.
Revenue Distribution for Q2
2024Europe represented 53% (including the messaging
segment revenues in Germany that represented 36%), the Americas
represented 42%, and the rest of the world represented 5% of total
revenues.
Customer care and billing software totaled $2.9
million, or 56% of total revenues, enterprise messaging and payment
solutions were $1.9 million, or 36% of total revenues and
enterprise call accounting software totaled $0.5 million, or 8% of
total revenues.
Maintenance and additional services totaled $5.2
million, or 98% of total revenues, while licenses were $0.1
million, or 2% of total revenues.
Revenue Distribution for the First Six
Months of 2024Europe represented 56% (including the
messaging segment revenues in Germany that represented 38%), the
Americas represented 38%, and the rest of the world represented 6%
of total revenues.
Customer care and billing software totaled $5.9
million, or 53% of total revenues, enterprise messaging and payment
solutions were $4.2 million, or 38% of total revenues and
enterprise call accounting software totaled $0.9 million, or 9% of
total revenues.
Maintenance and additional services totaled
$10.9 million, or 99% of total revenues, while licenses were $0.1
million, or 1% of total revenues.
About MINDMIND CTI Ltd. is a
leading provider of convergent end-to-end billing and customer care
product-based solutions for service providers, unified
communications analytics and call accounting solutions for
enterprises as well as enterprise messaging solutions. MIND
provides a complete range of billing applications for any business
model (license, SaaS, managed service or complete outsourced
billing service) for Wireless, Wireline, Cable, IP Services and
Quad-play carriers. A global company, with over twenty-five years
of experience in providing solutions to carriers and enterprises,
MIND operates from offices in Israel, Romania, Germany and the
United States.
Cautionary Statement for Purposes of the "Safe
Harbor" Provisions of the Private Securities Litigation Reform Act
of 1995: All statements other than historical facts included in the
foregoing press release regarding the Company's business strategy
are "forward-looking statements", including estimations relating to
the impact of the political situation in Ukraine, expectations of
the results of the Company’s business optimization initiative,
integration of the company’s acquisitions and its projected outlook
and results of operations. These statements are based on
management's beliefs and assumptions and on information currently
available to management. Forward-looking statements are not
guarantees of future performance, and actual results may materially
differ. The forward-looking statements involve risks,
uncertainties, and assumptions, including, but not limited to,
economic conditions in our key markets, as well as the risks
discussed in the Company's annual report and other filings with the
United States Securities Exchange Commission. The Company does not
undertake to update any forward-looking information.
For more information please
contact:Andrea DrayMIND C.T.I. Ltd.Tel:
+972-4-993-6666investor@mindcti.com
MIND C T I (NASDAQ:MNDO)
過去 株価チャート
から 8 2024 まで 9 2024
MIND C T I (NASDAQ:MNDO)
過去 株価チャート
から 9 2023 まで 9 2024