MIND C.T.I. Ltd (MNDO)

MIND C.T.I. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	21.61	21.55	26.33	23.37	22.66
Revenue Growth (YoY)	0.28%	-18.15%	12.65%	3.13%	24.97%
Cost of Revenue	10.75	10.04	12.45	11.15	10.13
Gross Profit	10.87	11.51	13.88	12.22	12.54
Selling, General & Admin	2.58	2.49	3.01	2.8	3.31
Research & Development	3.54	3.5	4.05	3.96	4.19
Operating Expenses	6.12	5.98	7.05	6.76	7.5
Operating Income	4.75	5.52	6.83	5.46	5.04
Other Expense / Income	-0.78	-0.09	-0.06	-0.38	-0.48
Pretax Income	5.53	5.62	6.88	5.84	5.52
Income Tax	0.36	0.33	0.94	0.46	0.46
Net Income	5.17	5.29	5.95	5.38	5.07
Net Income Growth	-2.27%	-11.10%	10.48%	6.28%	-1.34%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
Shares Change	0.36%	0.63%	0.66%	0.88%	2.05%
EPS (Basic)	0.26	0.26	0.30	0.27	0.26
EPS (Diluted)	0.25	0.26	0.29	0.27	0.25
EPS Growth	-3.85%	-10.34%	7.41%	8.00%	-7.41%
Free Cash Flow	4.04	4.43	6.82	6.43	6.63
Free Cash Flow Per Share	0.20	0.22	0.34	0.32	0.34
Dividend Per Share	0.240	0.260	0.260	0.240	0.260
Dividend Growth	-7.69%	0%	8.33%	-7.69%	-13.33%
Gross Margin	50.28%	53.39%	52.72%	52.28%	55.32%
Operating Margin	21.97%	25.63%	25.93%	23.37%	22.24%
Profit Margin	23.91%	24.53%	22.59%	23.03%	22.35%
Free Cash Flow Margin	18.67%	20.55%	25.90%	27.51%	29.25%
Effective Tax Rate	6.50%	5.88%	13.60%	7.86%	8.29%
EBITDA	5.72	5.81	7.08	6.04	5.67
EBITDA Margin	26.48%	26.96%	26.88%	25.85%	25.04%
Depreciation & Amortization	0.2	0.19	0.19	0.2	0.15
EBIT	5.53	5.62	6.88	5.84	5.52
EBIT Margin	25.57%	26.06%	26.14%	24.99%	24.37%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).