MIND CTI Reports First Quarter 2023 Results - Seite 2

Revenue Distribution
Europe represented 54% (including the Message Mobile and GTX revenues in Germany that represented 38%), the Americas represented 37%, and the rest of the world represented 9% of total revenues.

Customer care and billing software totaled $2.8 million, or 52% of total revenues, enterprise messaging and payment solutions were $2.1 million, or 38% of total revenues and enterprise solutions totaled $0.6 million, or 10% of total revenues.

Licenses totaled $0.2 million, or 4% of total revenues, while maintenance and additional services were $5.3 million, or 96% of total revenues.  

Dividend Distribution
As previously announced, the Board declared on March 8, 2023 a gross dividend of $0.24 per share with tax being withheld at a rate of 22%.

The dividend of approximately $4.8 million, is presented in our balance sheet as of March 31, 2023 among other payables. The net dividend was distributed to our shareholders and withholding taxes were paid in Q2 2023.

AGM and Board of Directors Update
The Company held its Annual General Meeting of Shareholders on May 9, 2023 and all the proposed resolutions were approved.

Mr. Barzilay was appointed Chairman of the Board, replacing Mr. Meir Nissensohn that resigned from our Board of Directors.

About MIND
MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in the United States, Romania, Germany and Israel.

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements", including estimations relating to the impact of the political situation in Ukraine, expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.

For more information please contact:
Andrea Dray
MIND C.T.I. Ltd.
Tel: [phone]
[e-mail]