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.
MIND CTI Reports Second Quarter 2026 Results
MIND CTI reported Q2 revenue of $4.6 million, down from $4.8 million year-over-year, but operating income doubled to $0.7 million with margins expanding to 15%.
Net income rose to $0.8 million ($0.04 per share) and the company repurchased $350,000 of shares in the quarter, maintaining a strong cash position of $13.5 million.
Despite the profitability improvement, the company disclosed Nasdaq non-compliance notices for minimum bid price and audit committee composition, warning of potential delisting, while management forecasted an anticipated mid-term revenue decline.