Mind C.T.I Reports Q3 Revenue of $4.4 Million and Operating Loss Due to Goodwill Impairment
Mind C.T.I (MNDO) has released its third-quarter financial results, reporting revenue of $4.4 million. The company recorded an operating loss of $2.8 million for the quarter, a significant shift from the $0.6 million operating income reported during the same period in 2025. The reported deficit was primarily driven by a non-cash goodwill impairment charge totaling $3.8 million. This one-time accounting adjustment heavily impacted the company's bottom line for the quarter, despite the underlying revenue generation.
Tickers: $MNDO
Topics: goodwill impairment operating loss revenue
Read the full article at Seeking Alpha
Part of the story Lemonade Projects First Positive Adjusted EBITDA in Fourth Quarter (7 articles)