MIND CTI LTD
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.5M | $21.4M | $21.6M | $21.6M | $26.3M | $23.4M | $22.7M | $18.1M |
| Cost of Revenue | $9.5M | $10.7M | $10.7M | $10.0M | $12.5M | $11.2M | $10.1M | $6.1M |
| Gross Profit | $9.9M | $10.7M | $10.9M | $11.5M | $13.9M | $12.2M | $12.5M | $12.0M |
| Gross Margin | 51.0% | 50.1% | 50.3% | 53.4% | 52.7% | 52.3% | 55.3% | 66.1% |
| Operating Expenses | ||||||||
| Research & Development | $4.1M | $3.4M | $3.5M | $3.5M | $4.0M | $4.0M | $4.2M | $3.7M |
| SG&A Expense | $2.3M | $1.7M | $1.4M | $1.5M | $1.6M | $1.8M | $2.1M | $1.6M |
| Operating Income | $2.1M | $4.4M | $4.7M | $5.5M | $6.8M | $5.5M | $5.0M | $5.4M |
| Operating Margin | 10.7% | 20.4% | 22.0% | 25.6% | 25.9% | 23.4% | 22.2% | 29.5% |
| Interest Expense | — | — | — | $60.0K | — | — | — | — |
| Pretax Income | $2.8M | $5.0M | $5.5M | $5.6M | $6.9M | $5.8M | $5.5M | $5.6M |
| Income Tax Expense | $163.0K | $334.0K | $359.0K | $330.0K | $936.0K | $459.0K | $458.0K | $438.0K |
| Net Income | $2.6M | $4.6M | $5.2M | $5.3M | $5.9M | $5.4M | $5.1M | $5.1M |
| Net Margin | 13.4% | 21.6% | 23.9% | 24.5% | 22.6% | 23.0% | 22.3% | 28.3% |
| EPS (Basic) | $0.13 | $0.23 | $0.26 | $0.26 | $0.30 | $0.27 | $0.26 | $0.27 |
| EPS (Diluted) | $0.13 | $0.22 | $0.25 | $0.26 | $0.29 | $0.27 | $0.25 | $0.27 |
| Shares Outstanding (Basic) | 20.5M | 20.3M | 20.2M | 20.1M | 20.0M | 19.9M | 19.7M | 19.3M |
| Shares Outstanding (Diluted) | 20.6M | 20.6M | 20.5M | 20.4M | 20.3M | 20.1M | 20.0M | 19.6M |
| Dividends Per Share | $0.22 | $0.24 | $0.24 | $0.26 | $0.26 | $0.24 | $0.26 | $0.30 |