An update from MIND CTI ( (MNDO) ) is now available.
MIND CTI reported its financial results for the fourth quarter and full year of 2024, showing a slight decline in revenues compared to 2023, with Q4 revenues at $5.2 million and full-year revenues at $21.4 million. Despite the challenging global economic conditions and intense competition in the telecom sector, the company maintained a stable cash position of $15.8 million as of December 31, 2024. The company declared a cash dividend of $0.22 per share, reflecting its ongoing commitment to shareholder value. MIND CTI also announced the acquisition of Aurenz GmbH, expanding its capabilities in UC analytics and call accounting solutions. However, the company anticipates challenges in 2025 due to market conditions and competition, impacting its revenue and profitability.
More about MIND CTI
MIND CTI Ltd. is a global provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics, and call accounting solutions for enterprises. The company offers a comprehensive range of billing applications for various business models, including Wireless, Wireline, Cable, IP Services, and Quad-play carriers. With over twenty-five years of experience, MIND operates from offices in Israel, Romania, Germany, and the United States.
YTD Price Performance: 1.24%
Average Trading Volume: 35,317
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $41.28M
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