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MIND CTI LTD (MNDO)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   S-1/AS-1/AS-1/A20-F20-F20-F20-F20-F
Revenues:  
    Product line “B”  2.32.32.63.03.2   
    Product line “A”  11.512.112.013.614.9   
    Product line "C"  7.712.08.76.1    
    Billing and related services  13.914.414.616.5    
Total revenues   [+]21.626.323.422.718.118.118.120.9
            Revenue growth   [+]-18.2%12.7%3.1%25.0%0.4%0.1%-13.7%-16.4%
Cost of goods sold   [+]10.012.511.210.16.17.06.88.6
Gross profit  11.513.912.212.512.011.011.212.3
            Gross margin  53.4%52.7%52.3%55.3%66.1%61.1%62.2%58.8%
Selling, general and administrative   [+]2.53.02.83.32.92.92.52.9
Research and development  3.54.04.04.23.73.43.52.9
Other operating expenses  0.00.00.0  -0.9  
EBITDA   [+]5.77.05.75.25.45.75.46.6
            EBITDA margin  26.5%26.7%24.2%22.9%30.0%31.5%29.7%31.5%
Depreciation and amortization  0.20.20.20.20.10.10.20.2
EBIT   [+]5.56.85.55.05.45.65.26.4
            EBIT margin  25.6%25.9%23.4%22.2%29.5%30.9%28.8%30.7%
Non-recurring items   [+]     0.9  
Interest expense  0.00.00.00.00.00.00.00.0
Other income (expense), net  0.10.10.40.50.21.50.2-0.1
Pre-tax income  5.66.95.85.55.66.25.46.3
Income taxes  0.30.90.50.50.40.61.21.3
            Tax rate  5.9%13.6%7.9%8.3%7.9%9.6%21.8%20.4%
Net income  5.35.95.45.15.15.64.25.0
            Net margin  24.5%22.6%23.0%22.3%28.3%31.1%23.3%24.0%
   
Basic EPS   [+]$0.26$0.30$0.27$0.26$0.27$0.29$0.22$0.26
Diluted EPS   [+]$0.26$0.29$0.27$0.25$0.26$0.29$0.22$0.26
   
Dividends per share   [+]$0.26$0.26$0.24$0.26$0.30$0.32$0.27$0.30
   
Shares outstanding (basic)   [+]20.120.019.919.719.319.319.219.2
Shares outstanding (diluted)   [+]20.420.320.120.019.619.619.319.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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