Exhibit 1 MIND CTI Reports Fourth Quarter and Full Year 2021 Results *Board Declares Cash Dividend Yoqneam, Israel, March 10, 2022 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 fourth quarter of 2021 and its full year ended December ...

Financial Performance - Q3 2021 revenues were $7.0 million, a 18.6% increase from $5.9 million in Q3 2020, driven by the messaging segment[9] - Operating income for Q3 2021 was $1.7 million, compared to $1.4 million in Q3 2020, reflecting a 20.0% increase[9] - Net income for Q3 2021 was $1.4 million, or $0.07 per share, consistent with Q3 2020 results[9] - For the first nine months of 2021, revenues totaled $20.4 million, up 16.0% from $17.6 million in the same period of 2020[9] - Net income for the three months ended September 30, 2021, was $1,427,000, compared to $1,406,000 for the same period in 2020, reflecting a growth of 1.5%[23] Revenue Sources - Maintenance and additional services accounted for $6.8 million, or 97% of total revenues in Q3 2021[8] - Europe represented 56% of total revenues in Q3 2021, with the Americas contributing 37%[7] Cash and Assets - Cash position as of September 30, 2021, was $16.1 million, down from $20.4 million at the end of 2020[9] - Total assets decreased to $31.3 million as of September 30, 2021, from $32.4 million at the end of 2020[21] - Cash and cash equivalents at the end of the period were $6,520,000, down from $7,960,000 at the end of the same period in 2020, indicating a decrease of 18.1%[23] - The balance of cash and cash equivalents at the beginning of the period was $6,966,000, compared to $3,837,000 at the beginning of the same period in 2020, indicating an increase of 81.5%[23] Cash Flow - Net cash provided by operating activities for the nine months ended September 30, 2021, was $4,421,000, an increase from $4,185,000 in the same period of 2020, representing a growth of 5.6%[23] - The company experienced a net cash used in financing activities of $5,197,000 for the nine months ended September 30, 2021, compared to $4,775,000 in the same period of 2020, reflecting an increase of 8.8%[23] - The net cash provided by investing activities for the nine months ended September 30, 2021, was $(890,000), a decrease from $2,034,000 in the same period of 2020[23] Other Financial Metrics - The company reported a decrease in accounts receivable for trade by $1,039,000 in the three months ended September 30, 2021, compared to an increase of $94,000 in the same period of 2020[23] - Depreciation and amortization expenses for the three months ended September 30, 2021, were $46,000, down from $61,000 in the same period of 2020, showing a decrease of 24.6%[23] - The company reported unrealized gains from marketable securities of $(4,000) for the three months ended September 30, 2021, compared to $(9,000) in the same period of 2020[23] - The company recorded a decrease in deferred revenues of $(1,652,000) for the three months ended September 30, 2021, compared to an increase of $2,000 in the same period of 2020[23] Strategic Initiatives - The new IoT project involves deploying smart electricity meters on a new cellular private network, utilizing the MINDBill platform for SIM activation[12] - The company is actively pursuing acquisitions that meet specific criteria, including proven revenues and complementary technology[13]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20–F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20–F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ OR ☐ SHELL COMPANY REPORT PUR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20–F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...