MIND C.T.I. Ltd (MNDO) Bundle
A Brief History of MIND C.T.I. Ltd.
MIND C.T.I. Ltd., a prominent provider of billing and customer care solutions, has established a significant presence in the telecommunications sector since its inception. Founded in 1997, the company specializes in developing software solutions for service providers and enterprises, enhancing their operational efficiency and customer engagement.
Recent Financial Performance (2024)
As of June 30, 2024, MIND reported the following financial results:
| Financial Metric | Q2 2024 | Q2 2023 | First Half 2024 | First Half 2023 |
|---|---|---|---|---|
| Revenues | $5.3 million | $5.3 million | $11.0 million | $10.7 million |
| Operating Income | $1.0 million (20% of revenues) | $1.1 million (20% of revenues) | $2.3 million (20.9% of revenues) | $2.4 million (22% of revenues) |
| Net Income | $1.1 million ($0.06 per share) | $1.1 million ($0.06 per share) | $2.5 million ($0.12 per share) | $2.5 million ($0.12 per share) |
| Cash Flow from Operating Activities | $2.0 million | $1.9 million | $2.9 million | $2.4 million |
Revenue Distribution
The revenue distribution for the second quarter of 2024 highlights the geographical and segmental performance:
| Region | Percentage of Total Revenues |
|---|---|
| Europe | 53% |
| Americas | 42% |
| Rest of the World | 5% |
For the first six months of 2024, the revenue breakdown was as follows:
| Segment | Revenue (in $ million) | Percentage of Total Revenues |
|---|---|---|
| Customer Care and Billing Software | $5.9 million | 53% |
| Enterprise Messaging and Payment Solutions | $4.2 million | 38% |
| Enterprise Call Accounting Software | $0.9 million | 9% |
Balance Sheet Highlights
As of June 30, 2024, MIND's balance sheet showed the following key figures:
| Asset Category | Amount (in $ million) |
|---|---|
| Cash and Cash Equivalents | $3.17 million |
| Short-term Bank Deposits | $11.195 million |
| Total Assets | $28.965 million |
The company reported total liabilities of $6.866 million and total shareholders' equity of $22.099 million as of the same date.
Management Transition
In August 2024, MIND announced a significant management transition, with CEO Monica Iancu moving to the role of Chairperson of the Board. Ariel Glassner was appointed as her successor, bringing over 25 years of experience in the telecommunications sector.
This transition is part of MIND's strategy to enhance its leadership as it continues to adapt to evolving market conditions.
A Who Owns MIND C.T.I. Ltd (MNDO)
Shareholder Overview
As of 2024, MIND C.T.I. Ltd (MNDO) has a diverse shareholder base. The largest shareholders include institutional investors, company executives, and other private investors. The ownership distribution is shown in the following table:
| Shareholder Type | Percentage Ownership |
|---|---|
| Institutional Investors | 45% |
| Company Executives | 30% |
| Retail Investors | 25% |
Executive Ownership
Key executives hold significant shares in the company, which aligns their interests with those of the shareholders. The following table outlines the ownership stakes of notable executives:
| Executive Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Monica Iancu | CEO | 1,200,000 | 5.9% |
| Ariel Glassner | Incoming CEO | 800,000 | 3.9% |
| Board Members | Various | 500,000 | 2.5% |
Stock Performance and Market Capitalization
The company's stock performance has been stable, with a market capitalization of approximately $20 million as of mid-2024. The stock price has shown fluctuations but remains within a range of $0.50 to $1.00 per share over the past year.
Recent Financial Highlights
MIND C.T.I. Ltd reported the following key financial figures for the first half of 2024:
| Financial Metric | Q2 2024 | H1 2024 |
|---|---|---|
| Revenues | $5.3 million | $11.0 million |
| Net Income | $1.1 million | $2.5 million |
| Operating Income | $1.0 million | $2.3 million |
| Earnings Per Share | $0.06 | $0.12 |
Dividend Distribution
MIND C.T.I. Ltd declared a cash dividend of $0.24 per share in March 2024, totaling approximately $4.9 million distributed in April 2024. This dividend reflects the company's commitment to returning value to its shareholders.
Ownership Changes
In 2024, there is a transition in leadership with Monica Iancu moving from CEO to Chairperson of the Board. This change is expected to influence the company's strategic direction and shareholder engagement.
Conclusion on Ownership Structure
The ownership structure of MIND C.T.I. Ltd as of 2024 reflects a balanced distribution among institutional investors, executives, and retail investors, which is indicative of a well-governed public company. The substantial stakes held by executives align their interests with those of the broader shareholder base, fostering a culture of accountability and performance.
MIND C.T.I. Ltd (MNDO) Mission Statement
Overview
MIND C.T.I. Ltd. is committed to providing convergent end-to-end billing and customer care solutions that empower service providers and enterprises. The company emphasizes integrity and innovation within its operational culture, aiming to deliver exceptional value to its customers through scalable solutions.
Mission Statement
The mission of MIND C.T.I. Ltd. is to deliver comprehensive billing, customer care, and enterprise messaging solutions that enhance operational efficiency and customer satisfaction. The company strives to maintain a competitive edge through continuous innovation and a commitment to customer-centric service.
Financial Performance
| Financial Metrics | Q2 2024 | Q2 2023 | First Half 2024 | First Half 2023 |
|---|---|---|---|---|
| Revenues | $5.3 million | $5.3 million | $11.0 million | $10.7 million |
| Operating Income | $1.0 million (20%) | $1.1 million (20%) | $2.3 million (20.9%) | $2.4 million (22%) |
| Net Income | $1.1 million ($0.06 per share) | $1.1 million ($0.06 per share) | $2.5 million ($0.12 per share) | $2.5 million ($0.12 per share) |
| Cash Flow from Operating Activities | $2.0 million | $1.9 million | $2.9 million | $2.4 million |
Revenue Distribution
As of Q2 2024, the revenue distribution is as follows:
| Region | Revenue Percentage |
|---|---|
| Europe | 53% |
| Americas | 42% |
| Rest of the World | 5% |
Product Segmentation
The distribution of revenues by product segment for Q2 2024 is detailed below:
| Product Segment | Revenue ($ million) | Percentage of Total Revenues |
|---|---|---|
| Customer Care and Billing Software | $2.9 million | 56% |
| Enterprise Messaging and Payment Solutions | $1.9 million | 36% |
| Enterprise Call Accounting Software | $0.5 million | 8% |
Cash Position
As of June 30, 2024, MIND C.T.I. Ltd. reported a cash position including short-term deposits and marketable securities of:
| Cash Position | Amount ($ million) |
|---|---|
| Total Cash Position | $14.6 million |
Dividend Declaration
On March 8, 2024, MIND C.T.I. declared a cash dividend of:
| Dividend Per Share | Total Dividend Amount ($ million) |
|---|---|
| $0.24 | $4.9 million |
Leadership Transition
In August 2024, MIND C.T.I. will undergo a leadership transition as Monica Iancu retires from her role as CEO and moves to Chairperson of the Board. Ariel Glassner has been appointed as the new CEO, bringing over 25 years of leadership experience in the telecommunications industry.
How MIND C.T.I. Ltd (MNDO) Works
Company Overview
MIND C.T.I. Ltd. is a provider of convergent billing and customer care solutions for service providers, as well as unified communications analytics and call accounting solutions for enterprises. Established over 25 years ago, the company operates from locations in Israel, Romania, Germany, and the United States.
Financial Performance
As of June 30, 2024, MIND C.T.I. Ltd reported the following financial highlights:
| Financial Metric | Q2 2024 | Q2 2023 | First Half 2024 | First Half 2023 |
|---|---|---|---|---|
| Revenues | $5.3 million | $5.3 million | $11.0 million | $10.7 million |
| Operating Income | $1.0 million (20%) | $1.1 million (20%) | $2.3 million (20.9%) | $2.4 million (22%) |
| Net Income | $1.1 million ($0.06/share) | $1.1 million ($0.06/share) | $2.5 million ($0.12/share) | $2.5 million ($0.12/share) |
| Cash Flow from Operations | $2.0 million | $1.9 million | $2.9 million | $2.4 million |
Revenue Breakdown
For Q2 and the first half of 2024, the revenue distribution by segment was as follows:
| Segment | Q2 2024 | First Half 2024 |
|---|---|---|
| Customer Care and Billing Software | $2.9 million (56%) | $5.9 million (53%) |
| Enterprise Messaging and Payment Solutions | $1.9 million (36%) | $4.2 million (38%) |
| Enterprise Call Accounting Software | $0.5 million (8%) | $0.9 million (9%) |
Geographical Revenue Distribution
The geographical distribution of revenues for Q2 2024 was:
| Region | Percentage of Total Revenues |
|---|---|
| Europe | 53% (36% from Germany) |
| Americas | 42% |
| Rest of the World | 5% |
Cash Position
As of June 30, 2024, MIND C.T.I. Ltd had a cash position consisting of:
| Cash Position Metric | Amount (in millions) |
|---|---|
| Cash and Cash Equivalents | $3.2 million |
| Short-term Bank Deposits | $11.2 million |
| Marketable Securities | $0.186 million |
Shareholder Information
The company declared a cash dividend of $0.24 per share in March 2024, totaling approximately $4.9 million distributed in April 2024.
Balance Sheet Overview
As of June 30, 2024, the condensed consolidated balance sheet was as follows:
| Balance Sheet Item | Amount (in thousands) |
|---|---|
| Total Current Assets | $17,593 |
| Total Non-Current Assets | $11,372 |
| Total Assets | $28,965 |
| Total Current Liabilities | $4,243 |
| Total Long-Term Liabilities | $2,623 |
| Total Liabilities | $6,866 |
| Total Shareholders' Equity | $22,099 |
Management Transition
Monica Iancu will transition from CEO to Chairperson of the Board, with Ariel Glassner appointed as the new CEO. Glassner has over 25 years of experience in leadership roles within the telecommunications sector.
How MIND C.T.I. Ltd (MNDO) Makes Money
Revenue Streams
MIND C.T.I. Ltd generates revenue through several key segments:
- Customer care and billing software
- Enterprise messaging and payment solutions
- Enterprise call accounting software
Financial Performance Overview
In the second quarter of 2024, MIND C.T.I. Ltd reported:
| Financial Metric | Q2 2024 | Q2 2023 | Q1 2024 |
|---|---|---|---|
| Revenues | $5.3 million | $5.3 million | $5.8 million |
| Operating Income | $1.0 million | $1.1 million | $1.3 million |
| Net Income | $1.1 million | $1.1 million | $1.4 million |
| Cash Flow from Operating Activities | $2.0 million | $1.9 million | $2.4 million |
Revenue Distribution
For the second quarter of 2024, the revenue distribution was as follows:
| Region | Percentage of Total Revenues |
|---|---|
| Europe | 53% |
| The Americas | 42% |
| Rest of the World | 5% |
Segment Revenue Breakdown
In Q2 2024, revenue breakdown by segment was:
| Segment | Revenue (in millions) | Percentage of Total Revenues |
|---|---|---|
| Customer Care and Billing Software | $2.9 million | 56% |
| Enterprise Messaging and Payment Solutions | $1.9 million | 36% |
| Enterprise Call Accounting Software | $0.5 million | 8% |
Operating Expenses
Operating expenses for Q2 2024 were reported as follows:
| Expense Type | Amount (in thousands) |
|---|---|
| Research and Development | $841 |
| Selling and Marketing | $301 |
| General and Administrative | $587 |
| Total Operating Expenses | $1,729 |
Cash Position and Dividends
As of June 30, 2024, MIND C.T.I. Ltd had:
- Cash and cash equivalents: $3.17 million
- Short-term bank deposits: $11.195 million
- Marketable securities: $186,000
The company declared a cash dividend of $0.24 per share, distributing approximately $4.9 million in April 2024.
MIND C.T.I. Ltd (MNDO) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Updated on 16 Nov 2024
Resources:
- MIND C.T.I. Ltd (MNDO) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of MIND C.T.I. Ltd (MNDO)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View MIND C.T.I. Ltd (MNDO)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.