MIND CTI Reports Fourth Quarter and Full Year 2023 Results - Seite 2

“In our billing segment, we experienced some revenue decline, mainly due to the delay in completion of a project for the implementation of our MINDBill convergent BSS and the migration from incumbent systems to the MINDBill platform, for reasons that are not in our control. The messaging segment’s business results are difficult to predict, as external factors have a strong impact on both revenues and margins. We expect our business results to present volatility in revenues, margins and cash flows.

“We continue to pursue M&A opportunities that could be a source of growth and at the same time we continue to invest in new technologies to enhance our offering, to support 5G technologies, to migrate to native cloud solutions and to support carriers’ digital transformation.”

Revenue Distribution for Q4 2023
Revenues in Europe represented 62% (including the messaging segment revenues in Germany that represented 39%), revenues in the Americas represented 33%, and revenues in the rest of the world represented 5% of our total revenues.

Revenues from our customer care and billing software were $2.9 million, or 52% of total revenues, revenues from enterprise messaging and payment solutions were $2.2 million, or 39% of our total revenues, and revenues from our enterprise call accounting software were $0.5 million, or 9% of total revenues.

Revenues from maintenance and additional services were $5.5 million, or 98% of our total revenues, while revenues from licenses were $0.1 million, or 2% of our total revenues.

Revenue Distribution for Full Year 2023
Revenues in Europe represented 54% (including the messaging segment revenues in Germany that represented 37%), revenues in the Americas represented 37%, and revenues in the rest of the world represented 9% of our total revenues.

Revenues from our customer care and billing software were $11.5 million, or 53% of total revenues, revenues from enterprise messaging and payment solutions were $7.9 million, or 37% of our total revenues, and revenues from enterprise call accounting software were $2.2 million, or 10% of our total revenues.

Revenues from maintenance and additional services were $21 million, or 97% of our total revenues, compared to $20.9 million or 97% of our total revenues in 2022, while revenues from licenses were $0.6 million, or 3% of our total revenues, compared to $0.6 million, or 3% of total revenues in 2022.

Follow-on Orders and New Win in 2023
Throughout 2023, we had multiple follow-on orders and one new win.

The win was with a European customer, early in the third quarter of 2023. The project completion is expected during the third quarter of 2024.