Technology · Software - Application
Price
$1.08
Market Cap
$22.0M
Employees
136
Beta
0.40
Avg Volume
46,409
CEO
Ariel Glassner
Business Description
MIND C.T.I. Ltd., along with its subsidiaries, specializes in providing comprehensive billing and customer relationship management (CRM) systems. The company's activities span the entire lifecycle, from design and development to global distribution, implementation, and continuous operational support across the Americas, Europe, Israel, the Asia Pacific region, and Africa. Its business operations are structured into two core divisions: Billing and Associated Services, and Messaging. The firm's billing and customer care offerings are robust, accommodating diverse service types including voice, data, and content. Crucially, they consolidate various payment schemes—prepaid, postpaid, and pay-in-advance—into a singular, unified platform. Furthermore, these solutions feature an integrated workflow engine designed to streamline various business operations, such as new subscriber enrollment, order processing, incident tracking, and overdue payment recovery. An all-encompassing point-of-sale module is also provided, facilitating comprehensive management of dealer networks, retail store operations, cashier functions, and the entire sales cycle. Additionally, the company furnishes a suite of professional services encompassing end-to-end project implementation, continuous client support and upkeep, system integration, bespoke modifications, and project governance. They extend managed services as well, undertaking routine operational billing duties for their clientele. The company also offers PhonEX ONE, a specialized call management platform that captures, logs, and archives telecommunication data. This tool empowers organizations with capabilities such as telecommunication expense oversight, detailed call accounting, traffic pattern analysis, and the detection of fraudulent activities. MIND C.T.I. distributes its solutions both directly and via a network of channel partners, including distributors and resellers. Its core clientele comprises a wide spectrum of communication service providers (CSPs), such as conventional wireline and wireless carriers, Voice over IP (VoIP) providers, broadband IP network operators, wireless internet service providers (WISPs), LTE network operators, cable television companies, and mobile virtual network operators (MVNOs). Founded in 1995, MIND C.T.I. Ltd. maintains its corporate headquarters in Yokne'am Illit, Israel.
Business History
Price Overview
Price at report time · Jul 4, 4:40am (0m ago)
$1.08
Change · Jul 4
+0.03 (+2.86%)
Day Range
$1.05 – $1.10
52-Week Range
$0.85 – $1.52
50-Day MA
$0.98
200-Day MA
$1.11
Volume
101,621.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Share Structure
Outstanding
20,372,800.00
Float
15,876,339.00
Free Float
77.9%
Normal free float
— 77.9% of shares trade freely, ~22.1% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
7.36
Stock Price: $1.08
EPS (Diluted): 0.13
EPS (Diluted): 0.13
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.02
Stock Price: $1.08
Total Equity: $23.05M
Shares: 20,628,000
Total Equity: $23.05M
Shares: 20,628,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
5.51
Market Cap: $22.00M
Total Debt: $255,000
Cash: $8.12M
EBITDA: $3.04M
Total Debt: $255,000
Cash: $8.12M
EBITDA: $3.04M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$16.3M
Market Cap: $22.00M
Total Debt: $255,000
Cash: $8.12M
Total Debt: $255,000
Cash: $8.12M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
51.0%
Gross Profit: $9.92M
Revenue: $19.46M
Revenue: $19.46M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
10.7%
Operating Income: $2.09M
Revenue: $19.46M
Revenue: $19.46M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.4%
Net Income: $2.60M
Revenue: $19.46M
Revenue: $19.46M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
13.2%
Net Income: $2.60M
Total Equity: $23.05M
Total Equity: $23.05M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.2%
Operating Income: $2.09M
Tax Rate: 5.9%
Equity: $23.05M
Total Debt: $255,000
Cash: $8.12M
Tax Rate: 5.9%
Equity: $23.05M
Total Debt: $255,000
Cash: $8.12M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.83
Current Assets: $16.08M
Current Liabilities: $4.20M
Current Liabilities: $4.20M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.01
Short-Term Debt: $255,000
Long-Term Debt: $0.00
Total Debt: $255,000
Total Equity: $23.05M
Long-Term Debt: $0.00
Total Debt: $255,000
Total Equity: $23.05M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.94
Revenue: $19.46M
Shares: 20,628,000
Shares: 20,628,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.12
Total Equity: $23.05M
Shares: 20,628,000
Shares: 20,628,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.19
Operating CF: $3.99M
CapEx: -$27,000
Shares: 20,628,000
CapEx: -$27,000
Shares: 20,628,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
19.1%
Last Dividend: N/A
Stock Price: $1.08
Stock Price: $1.08
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.60M
Net Income: $2.60M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MNDO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 4, 2026 4:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $26.3M | $21.6M | $21.6M | $21.4M | $19.5M |
| Cost of Revenue | $12.5M | $10.0M | $10.7M | $10.7M | $9.5M |
| Gross Profit | $13.9M | $11.5M | $10.9M | $10.7M | $9.9M |
| Operating Expenses | $7.1M | $6.0M | $6.1M | $6.4M | $7.8M |
| Operating Income | $6.8M | $5.5M | $4.7M | $4.4M | $2.1M |
| Net Income | $5.9M | $5.3M | $5.2M | $4.6M | $2.6M |
| EBITDA | $7.1M | $5.9M | $5.7M | $5.2M | $3.0M |
| EPS | $0.30 | $0.26 | $0.26 | $0.23 | $0.13 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 4:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.2M | $5.3M | $3.0M | $4.5M | $8.1M |
| Total Current Assets | $20.5M | $20.3M | $19.7M | $18.9M | $16.1M |
| Total Assets | $33.1M | $31.7M | $31.6M | $30.7M | $30.2M |
| Current Liabilities | $5.6M | $5.2M | $4.5M | $3.3M | $4.2M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.4M | $7.9M | $7.1M | $6.4M | $7.1M |
| Total Equity | $23.7M | $23.8M | $24.5M | $24.3M | $23.0M |
| Retained Earnings | -$1.7M | -$1.7M | -$1.3M | -$1.6M | -$3.5M |
Cash Flow (Annual)
Last updated: Jul 4, 2026 4:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.9M | $4.6M | $4.1M | $4.1M | $4.0M |
| Capital Expenditure | $-82,000 | $-130,000 | $-64,000 | $-10,000 | $-27,000 |
| Free Cash Flow | $6.8M | $4.4M | $4.0M | $4.1M | $4.0M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | -$1.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $-130,000 |
| Net Change in Cash | -$4.1M | $1.1M | -$2.3M | $1.5M | $3.7M |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 4:40am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -18.2% | +0.3% | -0.8% | -9.3% |
| Gross Profit Growth | -17.1% | -5.6% | -1.2% | -7.6% |
| Operating Income Growth | -19.1% | -14.0% | -7.8% | -52.3% |
| Net Income Growth | -11.1% | -2.3% | -10.4% | -43.8% |
| EBITDA Growth | -17.3% | -2.4% | -10.0% | -41.3% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-11 | Mechlovich Asher | 0.00 | $0.00 | $0 | |
| 2026-05-18 | Cohen Nissan Shoval | M-Exempt | 5,000.00 | $0.00 | $15 |
| 2026-05-18 | Cohen Nissan Shoval | M-Exempt | 5,000.00 | $0.00 | $15 |
| 2026-03-18 | Cohen Nissan Shoval | 0.00 | $0.00 | $0 | |
| 2026-03-28 | Abramovich Arie | 5,000.00 | $0.00 | $15 | |
| 2026-03-18 | Zabel Oliver Karl | 0.00 | $0.00 | $0 | |
| 2026-03-20 | Barzilay Itay | 0.00 | $0.00 | $0 | |
| 2026-03-18 | IANCU MONICA | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Cohen Nissan Shoval | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Cohen Nissan Shoval | 10,000.00 | $0.00 | $30 | |
| 2026-03-18 | Glassner Ariel | 200,000.00 | $1.97 | $394,400 | |
| 2026-03-19 | Sorokin Orly | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Mano Nimrod | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Tenne Joseph | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jul 4, 2026 4:40am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2025-03-25 | $0.22 | 2025-03-04 | 2025-03-25 | 2025-04-10 |
| 2024-03-19 | $0.24 | 2024-03-06 | 2024-03-20 | 2024-04-04 |
| 2023-03-21 | $0.24 | 2023-03-08 | 2023-03-22 | 2023-04-06 |
| 2022-03-23 | $0.26 | 2022-03-10 | 2022-03-24 | 2022-04-06 |
| 2021-03-17 | $0.26 | 2021-03-04 | 2021-03-18 | 2021-04-08 |
| 2020-03-24 | $0.24 | 2020-03-11 | 2020-03-25 | 2020-04-16 |
| 2019-03-15 | $0.26 | 2019-03-04 | 2019-03-18 | 2019-03-28 |
| 2018-03-07 | $0.30 | 2018-02-22 | 2018-03-08 | 2018-03-22 |
| 2017-03-07 | $0.32 | 2017-02-27 | 2017-03-09 | 2017-03-23 |
| 2016-03-08 | $0.27 | 2016-02-25 | 2016-03-10 | 2016-03-24 |
| 2015-03-10 | $0.30 | 2015-03-02 | 2015-03-12 | 2015-03-26 |
| 2014-03-10 | $0.24 | 2014-02-27 | 2014-03-12 | 2014-03-26 |
| 2013-03-18 | $0.24 | 2013-03-11 | 2013-03-20 | 2013-04-03 |
| 2012-03-12 | $0.24 | 2012-03-05 | 2012-03-14 | 2012-03-28 |
| 2011-02-24 | $0.32 | 2011-02-17 | 2011-02-28 | 2011-03-21 |
| 2010-03-23 | $0.20 | 2010-03-17 | 2010-03-25 | 2010-04-12 |
| 2009-12-22 | $0.80 | 2009-11-24 | 2009-12-07 | |
| 2009-12-08 | $0.80 | |||
| 2008-03-14 | $0.20 | 2008-02-28 | 2008-03-18 | 2008-04-02 |
| 2007-03-12 | $0.20 | 2007-02-26 | 2007-03-14 | 2007-03-28 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MNDO — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.375 · 8810b4cb · 2026-07-03 16:26:33