Billing solutions provider MIND CTI Q3 revenue drops
MIND CTI reported a Q3 revenue decline to $4.8 million from $5.2 million in 2024, with net income dropping to $0.7 million from $0.9 million. The company announced a $2.4 million share repurchase program and is advancing its technology roadmap, focusing on 5G, cloud, and AI. Despite the revenue drop, MIND CTI received follow-on orders and is confident in future growth as market conditions improve.
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Overview
- MIND CTI Q3 revenue fell to $4.8 mln from $5.2 mln in 2024
- Net income for Q3 was $0.7 mln, down from $0.9 mln in 2024
- MIND CTI announces $2.4 mln share repurchase program
Outlook
- Company advances technology roadmap including 5G, cloud, and AI technologies
- Company confident in potential growth once market conditions improve
Result Drivers
- SOLUTION EXTENSION - Successful delivery of a significant extension to an existing customer, demonstrating execution capability
- TECHNOLOGY ADVANCEMENT - Focus on advancing technology roadmap including 5G, cloud, and AI technologies
- FOLLOW-ON ORDERS - Received follow-on orders for additional functionality and system enhancements, including a major infrastructure upgrade
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 $4.80
Revenue mln
Q3 EPS $0.03
Q3 Net $700,000
Income
Q3 $1.20
Operatin mln
g Cash
Flow
Q3 $600,000
Operatin
g Income
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
