Mind CTI Ltd
mindcti.comWhat Do They Do?
Provides billing and customer-care software and related implementation, support and managed services to communications providers, and mobile messaging services to businesses and messaging providers.
20-F for FY2025, filed Mar 18, 2026We develop, manufacture, market and implement convergent billing and customer care software solutions for communication service providers…View ↗
As part of our offering, we provide professional services, primarily to our billing and customer care customers, consisting of turnkey…View ↗
In addition, from 2019, following the acquisitions of Message Mobile GmbH, or Message Mobile and GTX GmbH, or GTX (which was merged into…View ↗
Our enterprise mobile messaging platform enables enterprises to easily communicate with clients and partners via text message / SMS…View ↗
Our wholesale mobile messaging business offers wholesale messaging services and messaging termination services on our software platform.…View ↗
How Do They Make Money?
Customers pay for support and maintenance over the contract term, time-based services as provided, custom work as performed, and messaging when messages are delivered. Perpetual software licenses are paid for when the license and access key are delivered.
20-F for FY2025, filed Mar 18, 2026Revenue from perpetual licenses is classified as software license revenue. Software license revenue is recognized as a point in time upon…View ↗
Revenues from ongoing maintenance and support fees are recognized over time on a pro-rated basis over the duration of the contract.…View ↗
Ongoing work on customizations performed for existing customers is generally provided on a fixed price basis and as such revenue is…View ↗
Revenues from managed services include a monthly fee for services and a right to access the Company’s software and are recorded as service…View ↗
Certain of the Company’s subsidiaries in Germany provide mobile messaging services, via text messages (SMS) and IP (Internet Protocol)…View ↗
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20-F for FY2025, filed Mar 18, 2026
FY2025 revenue by product or service ↗
$19.5M
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20-F for FY2025, filed Mar 18, 2026
$19.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of licenses Services
|
96%
FY2022: 97%
|
Sales of licenses Services, FY2025
$18.7M Sources
|
|
|
Sales of licenses
Sold outright
|
3.8%
FY2022: 2.8%
|
Sales of licenses, FY2025
$733K Sources
|
Sold outright |
Who Are Their Customers?
Communication service providers buy billing and customer-care software; enterprises use call-accounting software and messaging services. Sales are primarily direct, with appointed distributors and resellers also involved.
20-F for FY2025, filed Mar 18, 2026We conduct our sales and marketing activities primarily directly. We also work with appointed distributors and resellers throughout the…View ↗
Our billing and customer care solutions have been installed for a large base of customers worldwide, including:View ↗
Our enterprise software products have been installed for a large base of customers worldwide, including international banking firms, global…View ↗
Our messaging solutions are used by more than 100 enterprise customers, mostly in Germany.View ↗
20-F for FY2025, filed Mar 18, 2026
Revenues from one customer of the Company’s billing and related services segment represent approximately 15%, 11% and 12% of the total…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 13 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.
20-F for FY2025, filed Mar 18, 2026
$2.1MView ↗
20-F for FY2025, filed Mar 18, 2026
$2.6MView ↗
20-F for FY2025, filed Mar 18, 2026
$4MView ↗
How Are They Changing?
Shrinking. Revenue fell 26% in 4 years, from $26.3M in FY2021 to $19.5M in FY2025, about 7% a year.
Who Do They Compete With?
Competes with Sinch and CM.com
20-F for FY2025, filed Mar 18, 2026Our competition in the messaging market in Germany comes from a few international companies, such as Sinch AB and CM.com, and from many…View ↗
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