The following will summarize our major developments in the second quarter of 2025 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 $4.8 million, compared with $5.3 million in the second quarter of 2024, with the decrease mainly attributed to the billing segment.
Operating income was $0.3 million, or 6% of total revenues, compared with $1.1 million, or 20% of total revenues in the second quarter of 2024.
Net income was $0.5 million, or $0.02 per share, compared with $1.1 million, or $0.06 per share in the second quarter of 2024.
Cash flow from operating activities was $0.9 million, compared with $2.0 million in the second quarter of 2024.
Six Months Financial Highlights
Revenues were $9.7 million, compared with $11.0 million in the first six months of 2024.
Operating income of $0.6 million, or 7% of total revenues, compared with $2.3 million or 21% of total revenues in the first six months of 2024.
Net income of $1.0 million, or $0.05 per share, compared with $2.5 million, or $0.12 per share in the first six months of 2024.
Cash flow from operating activities in the first six months of 2025 was $1.6 million, compared with $2.9 million in the ...
