Quarterly ResultAug 6, 2026, 09:14 AM
MIND CTI Q2 Revenue $4.6M, Net Income $0.8M; Receives Nasdaq Notices
AI Summary
MIND CTI reported mixed second quarter 2026 results, with revenues decreasing to $4.6 million from $4.8 million year-over-year, primarily due to the messaging segment. However, operating income significantly increased to $0.7 million and net income rose to $0.8 million. The company also announced receiving two Nasdaq non-compliance notifications: one for minimum bid price and another for its audit committee composition, for which it has compliance periods. MIND CTI's cash position improved to $13.5 million, and it continued its share repurchase program, buying back $350K in shares during the quarter.
Key Highlights
- Q2 2026 revenues were $4.6 million, down from $4.8 million in Q2 2025.
- Q2 2026 operating income increased to $0.7 million (15% of revenues) from $0.3 million (6%) in Q2 2025.
- Q2 2026 net income rose to $0.8 million ($0.04 per share) from $0.5 million ($0.02 per share) in Q2 2025.
- Received Nasdaq non-compliance notice for minimum bid price on June 23, 2026, with 180 days to comply.
- Received Nasdaq non-compliance notice for audit committee on August 3, 2026, with cure period until August 1, 2027.
- Cash position was $13.5 million as of June 30, 2026, up from $11.4 million in Q2 2025.
- Repurchased $350K in shares during Q2 2026, totaling $674K under the $2.4 million plan.
Price Impact
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