MIND C.T.I. Ltd. announced its financial results for the second quarter ended June 30, 2025, reporting revenues of $4.8 million and net income of $0.3 million. For the first six months of 2025, the company recorded revenues of $9.8 million and net income of $0.8 million.
CEO Ariel Glassner stated that the company continues to face challenges from shrinking relevant markets and strong competition in both its billing and enterprise solutions, which are negatively impacting financial results. The company is actively monitoring its cost structure and investing in key areas to address market needs.
As of June 30, 2025, MIND C.T.I.'s cash position, including short-term deposits and marketable securities, stood at $11.4 million, a decrease from $14.6 million as of June 30, 2024. Approximately $1.7 million has been paid in cash to date for the acquisition of Aurenz GmbH, which was completed in Q1 2025.
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