YOQNEAM, Israel, May 11, 2026 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD., (NASDAQGM:MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications (UC) analytics for enterprises as well as enterprise messaging solutions, today announced results for its first quarter ended March 31, 2026.

The following will summarize our major achievements in the first quarter of 2026, as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K.

Financial Highlights

Revenues were $5.1 million, compared with $5.0 million in the first quarter of 2025.

Operating income was $0.9 million, or 18% of total revenues, compared with $0.4 million, or 7% of total revenues in the first quarter of 2025.

Net income was $0.9 million, or $0.04 per share, compared with $0.5 million, or $0.02 per share in the first quarter of 2025.

Cash flow from operating activities was $0.6 million, compared with $0.7 million in the first quarter of 2025.

Cash position was $13.8 million as of March 31, 2026

Ariel Glassner, MIND CTI's Chief Executive Officer, commented: "In the first quarter of 2026, our revenues remained at a similar level compared to the first quarter of last year. The higher net income is attributed to an allowance to credit loss that was recorded in the first quarter of 2025. The market environment remains challenging, with increased ongoing price pressures. One of our major customers notified us regarding non-renewal effective March ...