Core Viewpoint - MIND C.T.I. Ltd has announced its third quarter results for 2025, highlighting a focus on innovation and operational excellence despite a challenging market environment. The company has also approved a share repurchase program to enhance shareholder value [1][12][13]. Q3 2025 Financial Highlights - Revenues for Q3 2025 were $4.8 million, a decrease from $5.2 million in Q3 2024, representing a year-over-year decline of approximately 7.7% [9]. - Operating income for Q3 2025 was $0.6 million, down from $0.7 million in the same quarter of the previous year [9]. - Net income for Q3 2025 was $0.7 million, or $0.03 per share, compared to $0.9 million, or $0.05 per share in Q3 2024 [9]. - Cash flow from operating activities was $1.2 million, an increase from $1.0 million in Q3 2024 [9]. - The cash position as of September 30, 2025, was $12.5 million [9]. Nine Months Financial Highlights - Total revenues for the first nine months of 2025 were $14.6 million, down from $16.2 million in the same period of 2024, indicating a decline of approximately 9.9% [9]. - Operating income for the first nine months was $1.3 million, compared to $3.1 million in the same period of the previous year [9]. - Net income for the first nine months was $1.7 million, or $0.08 per share, down from $3.4 million, or $0.17 per share in the first nine months of 2024 [9]. - Cash flow from operating activities in the first nine months of 2025 was $2.8 million, compared to $3.8 million in the same period of 2024 [9]. Revenue Distribution - In Q3 2025, revenue distribution was as follows: Europe 59% (with Germany's messaging segment contributing 36%), Americas 35%, and the rest of the world 6% [6]. - For the first nine months of 2025, revenue distribution was: Europe 60% (Germany's messaging segment 36%), Americas 33%, and the rest of the world 7% [8]. - Revenue from customer care and billing software was $2.3 million, or 47% of total revenues in Q3 2025 [7]. - Revenue from maintenance and additional services was $4.7 million, or 96% of total revenues in Q3 2025 [10]. Share Repurchase Program - The Board of Directors approved a plan to repurchase up to $2.4 million of outstanding ordinary shares, transitioning from an annual dividend to a share repurchase program [12][13]. - The decision reflects a commitment to disciplined capital allocation and shareholder value creation, with the belief that the buyback will deliver value without compromising growth plans [13].