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/Miss | Actual | Consensus Estimate |
Q3 Revenue | $4.80 mln | ||
Q3 EPS | $0.03 | ||
Q3 Net Income | $700,000 | ||
Q3 Operating Cash Flow | $1.20 mln | ||
Q3 Operating Income | $600,000 |
Press Release: ID:nGNXb9xlxk
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(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.)