Mind CTI is prepared for 2014Posted: March 1, 2014
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Onwards and up
Mind CTI Ltd. released its financial results for the fourth quarter of fiscal year 2014 and full fiscal year 2014 on Tuesday, February 25th, 2014.
As usual, I have summarized these results and my commentary on these in a dynamic posting that you can find here. The dynamic posting also provides summaries of previous quarters’ results and associated commentaries.
After several quarters of re-gearing, with added expenses and headcount and lowered operating income, the company ended its fiscal year with a bang, turning in a fourth quarter that was way better than expected, establishing a significant foothold for the 2014 fiscal year, and paying its patient shareholders a significant dividend.
On the back-end of significant wins in the fourth quarter of fiscal year 2013, the company appears very optimistic about fiscal year 2014 and it backed this confidence up with a $0.24 dividend, payable in the first quarter of fiscal year 2013, and constituting a 10% yield or better (read more about the very special dividend situation for Mind CTI here.)
For more information, please refer to the dynamic posting (here.)
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