Financial Performance - Q3 2023 revenues were $5.3 million, unchanged from Q3 2022[1] - Operating income for Q3 2023 was $1.2 million, down from $1.4 million in Q3 2022[1] - Net income for Q3 2023 was $1.3 million, or $0.06 per share, consistent with Q3 2022[1] - For the first nine months of 2023, revenues totaled $16.0 million, compared to $16.2 million in the same period of 2022[2] - Net income for the three months ended September 30, 2023, was $1,250 thousand, a decrease from $1,290 thousand in the same period last year[11] Cash Position - Cash position as of September 30, 2023, was $15.9 million[2] - Cash flow from operating activities in the first nine months of 2023 was $3.4 million, up from $3.1 million in the same period of 2022[2] - Net cash provided by operating activities for the nine months ended September 30, 2023, was $3,389 thousand, compared to $3,119 thousand for the same period in 2022[11] - The company reported a decrease in cash and cash equivalents of $3,549 thousand for the three months ended September 30, 2023, compared to a decrease of $1,260 thousand in the same period last year[11] - The balance of cash and cash equivalents at the end of the period was $2,576 thousand, down from $3,658 thousand at the end of the previous period[11] Assets and Equity - Total assets as of September 30, 2023, were $30.4 million, down from $31.7 million at the end of 2022[9] - Total shareholders' equity was $22.9 million as of September 30, 2023, compared to $23.8 million at the end of 2022[9] Revenue Sources - Customer care and billing software accounted for $2.9 million, or 55% of total Q3 2023 revenues[4] - Europe represented 49% of total revenues in Q3 2023, with Germany contributing 35% from the messaging segment[3] Expenses - Depreciation and amortization expenses for the nine months ended September 30, 2023, were $147 thousand, an increase from $132 thousand in the same period last year[11] - Employees share-based compensation expenses for the three months ended September 30, 2023, were $72 thousand, compared to $74 thousand in the same period last year[11] Cash Flows - Cash flows from investing activities showed a net outflow of $4,504 thousand for the three months ended September 30, 2023, compared to an outflow of $2,221 thousand in the same period last year[11] - The company experienced a decrease in accounts receivable of $2 thousand for the three months ended September 30, 2023, compared to an increase of $241 thousand in the same period last year[11] - The company reported a realized gain on the sale of marketable securities of $9 thousand for the nine months ended September 30, 2023[11] - The company paid dividends totaling $4,839 thousand in the nine months ended September 30, 2023[11]
MIND C.T.I.(MNDO) - 2023 Q4 - Annual Report