MIND Historical Income Statement
| MNDO Stock | USD 2.03 0.04 2.01% |
Historical analysis of MIND CTI income statement accounts such as Gross Profit of 12.9 M can show how well MIND CTI performed in making a profits. Evaluating MIND CTI income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MIND CTI's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining MIND CTI latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MIND CTI is a good buy for the upcoming year.
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About MIND Income Statement Analysis
MIND CTI Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MIND CTI shareholders. The income statement also shows MIND investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
MIND CTI Income Statement Chart
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Total Revenue
Total revenue comprises all receipts MIND CTI generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of MIND CTI minus its cost of goods sold. It is profit before MIND CTI operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MIND CTI. It is also known as MIND CTI overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from MIND CTI operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of MIND CTI is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from MIND CTI's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MIND CTI current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.At this time, MIND CTI's Tax Provision is very stable compared to the past year. As of the 24th of March 2025, Interest Income is likely to grow to about 787.5 K, while Depreciation And Amortization is likely to drop about 176.7 K.
| 2022 | 2024 | 2025 (projected) | Interest Expense | 60K | 15K | 14.3K | Depreciation And Amortization | 193K | 186K | 176.7K |
MIND CTI income statement Correlations
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MIND CTI Account Relationship Matchups
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MIND CTI income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 151K | 200K | 194K | 193K | 186K | 176.7K | |
| Interest Expense | 23K | 49K | 60K | 17K | 15K | 14.3K | |
| Total Revenue | 23.4M | 26.3M | 21.6M | 21.6M | 21.4M | 20.3M | |
| Gross Profit | 12.2M | 13.9M | 11.5M | 10.9M | 10.7M | 12.9M | |
| Other Operating Expenses | 17.9M | 19.5M | 16.0M | 16.9M | 17.1M | 16.8M | |
| Operating Income | 5.5M | 6.8M | 5.5M | 4.7M | 4.4M | 3.5M | |
| Ebit | 5.5M | 6.8M | 5.5M | 4.7M | 4.4M | 3.7M | |
| Research Development | 4.0M | 4.0M | 3.5M | 3.5M | 3.4M | 3.3M | |
| Ebitda | 5.7M | 7.0M | 5.7M | 4.9M | 4.6M | 4.3M | |
| Cost Of Revenue | 11.2M | 12.5M | 10.0M | 10.7M | 10.7M | 7.4M | |
| Total Operating Expenses | 6.8M | 7.1M | 6.0M | 6.1M | 6.4M | 6.8M | |
| Income Before Tax | 5.8M | 6.9M | 5.6M | 5.5M | 5.0M | 4.3M | |
| Total Other Income Expense Net | 379K | 55K | 93K | 777K | 587K | 616.4K | |
| Net Income | 5.4M | 5.9M | 5.3M | 5.2M | 4.6M | 3.8M | |
| Income Tax Expense | 459K | 936K | 330K | 359K | 334K | 508.7K | |
| Selling General Administrative | 1.8M | 1.6M | 1.5M | 1.4M | 1.7M | 2.7M | |
| Net Income Applicable To Common Shares | 5.1M | 5.4M | 5.9M | 5.3M | 6.1M | 5.7M | |
| Selling And Marketing Expenses | 973K | 1.4M | 965K | 1.2M | 1.3M | 1.1M | |
| Net Income From Continuing Ops | 5.4M | 5.9M | 5.3M | 5.0M | 4.6M | 5.4M | |
| Tax Provision | 459K | 936K | 330K | 381K | 334K | 510.9K | |
| Interest Income | 379K | 55K | 93K | 737K | 750K | 787.5K | |
| Net Interest Income | 379K | 55K | 93K | 726K | 735K | 771.8K | |
| Reconciled Depreciation | 200K | 194K | 193K | 208K | 186K | 181.5K |
Pair Trading with MIND CTI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MIND CTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MIND CTI will appreciate offsetting losses from the drop in the long position's value.Moving against MIND Stock
The ability to find closely correlated positions to MIND CTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MIND CTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MIND CTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MIND CTI to buy it.
The correlation of MIND CTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MIND CTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MIND CTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MIND CTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIND CTI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MIND CTI. If investors know MIND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MIND CTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 0.23 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of MIND CTI is measured differently than its book value, which is the value of MIND that is recorded on the company's balance sheet. Investors also form their own opinion of MIND CTI's value that differs from its market value or its book value, called intrinsic value, which is MIND CTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MIND CTI's market value can be influenced by many factors that don't directly affect MIND CTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MIND CTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if MIND CTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MIND CTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.