MIND C.T.I.(MNDO) - 2024 Q2 - Quarterly Report

Financial Performance - Revenues for Q1 2024 were $5.8 million, a 5.5% increase from$ 5.5 million in Q1 2023[2] - Operating income was $1.2 million, representing 22% of total revenues, compared to$ 1.3 million or 24% in Q1 2023[2] - Net income remained stable at $1.3 million, or$ 0.07 per share, consistent with Q1 2023[2] - Cash flow from operating activities increased to $0.9 million from$ 0.6 million in Q1 2023[2] - The cash position was $17.4 million as of March 31, 2024, prior to a dividend distribution of$ 4.9 million in April 2024[2] Revenue Breakdown - Revenues from customer care and billing software were $2.9 million, accounting for 51% of total revenues[4] - Revenues in Europe represented 60% of total revenues, with Germany contributing 41% from the messaging segment[4] Dividend Information - A gross dividend of$ 0.24 per share was declared, totaling approximately $4.9 million[5] Strategic Investments - The messaging segment was positively impacted by larger customer campaigns, and new technologies were invested in to support 5G and IoT[3] - The company released the first version of its SIM OTA provisioning platform to enhance remote management capabilities for customers[3]