MIND CTI Reports First Quarter 2025 Results

Core Viewpoint - MIND C.T.I. Ltd. reported a decline in revenue and operating income for Q1 2025, primarily due to challenges in its messaging segment and customer care and billing software, while also highlighting ongoing investments for future growth [4][5][10]. Financial Highlights - Total revenues for Q1 2025 were $5.0 million, down from $5.8 million in Q1 2024, representing a year-over-year decrease of approximately 13.8% [10]. - Operating income decreased to $0.4 million (7% of total revenues) from $1.2 million (22% of total revenues) in the same quarter last year [10]. - Net income was $0.5 million, or $0.02 per share, compared to $1.3 million, or $0.07 per share in Q1 2024 [10]. - Cash flow from operating activities was $0.7 million, down from $0.9 million in Q1 2024 [10]. - The cash position as of March 31, 2025, was $14.9 million, prior to a dividend distribution of $4.5 million in April 2025 [10]. Revenue Distribution - Revenue breakdown showed that customer care and billing software generated $2.5 million (50% of total revenues), enterprise messaging and payment solutions contributed $1.7 million (35%), and enterprise call accounting software accounted for $0.8 million (15%) [7]. - Revenues from maintenance and additional services were $4.8 million (96% of total revenues), while licenses accounted for $0.2 million (4%) [7]. - Geographically, revenues from Europe represented 61% (with Germany's messaging segment contributing 35%), the Americas accounted for 33%, and the rest of the world made up 6% of total revenues [6]. Dividend Distribution - The Board declared a gross dividend of $0.22 per share on March 4, 2025, with a tax withholding rate of 20%, amounting to approximately $4.5 million [8]. AGM and Board of Directors Update - The Company held its Annual General Meeting of Shareholders on May 6, 2025, where all proposed resolutions were approved [9].