MIND CTI LTD
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1M | $18.1M | $20.9M | $25.0M | $18.5M | $20.2M | $18.9M | $19.9M |
| Cost of Revenue | $7.0M | $6.8M | $8.6M | $10.0M | $7.9M | $7.9M | $6.5M | $6.2M |
| Gross Profit | $11.0M | $11.2M | $12.3M | $15.1M | $10.6M | $12.4M | $12.4M | $13.7M |
| Gross Margin | 61.1% | 62.2% | 58.8% | 60.2% | 57.4% | 61.1% | 65.8% | 69.0% |
| Operating Expenses | ||||||||
| Research & Development | $3.4M | $3.5M | $2.9M | $4.5M | $5.0M | $4.6M | $4.7M | $4.1M |
| SG&A Expense | $1.7M | $1.4M | $1.8M | $1.9M | $1.7M | $1.8M | $1.8M | $1.6M |
| Operating Income | $4.7M | $5.2M | $6.4M | $7.5M | $2.2M | $4.4M | $3.9M | $5.0M |
| Operating Margin | 25.9% | 28.8% | 30.7% | 29.8% | 11.7% | 21.6% | 20.8% | 25.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $6.2M | $5.4M | $6.3M | $7.2M | $2.3M | $4.7M | $4.1M | $5.0M |
| Income Tax Expense | $597.0K | $1.2M | $1.3M | $1.7M | $137.0K | $392.0K | $-185.0K | $188.0K |
| Net Income | $5.6M | $4.2M | $5.0M | $5.5M | $2.2M | $4.3M | $4.3M | $4.9M |
| Net Margin | 31.1% | 23.3% | 24.0% | 21.9% | 11.8% | 21.2% | 22.7% | 24.4% |
| EPS (Basic) | $0.29 | $0.22 | $0.26 | $0.29 | $0.12 | $0.23 | $0.23 | $0.26 |
| EPS (Diluted) | $0.29 | $0.22 | $0.26 | $0.29 | $0.12 | $0.23 | $0.23 | $0.26 |
| Shares Outstanding (Basic) | 19.3M | 19.2M | 19.2M | 18.9M | 18.9M | 18.8M | 18.7M | 18.5M |
| Shares Outstanding (Diluted) | 19.6M | 19.3M | 19.3M | 19.0M | 18.9M | 18.8M | 18.8M | 18.6M |
| Dividends Per Share | $0.32 | $0.27 | $0.30 | $0.24 | $0.24 | $0.24 | $0.32 | $0.20 |