MIND C.T.I. (MIND C.T.I.) Research & Development : $3.52 Mil (TTM As of Mar. 2024)

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What is MIND C.T.I. Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. MIND C.T.I.'s Research & Development for the three months ended in Mar. 2024 was $0.88 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was $3.52 Mil.

MIND C.T.I. Research & Development Historical Data

The historical data trend for MIND C.T.I.'s Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MIND C.T.I. Research & Development Chart

MIND C.T.I. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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4.19

3.96

4.05

3.50

3.54

MIND C.T.I. Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial															0.90	0.91	0.87	0.87	0.88

MIND C.T.I. Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.52 Mil.

MIND C.T.I. (NAS:MNDO) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

MIND C.T.I. Research & Development Related Terms

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MIND C.T.I. (MIND C.T.I.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIND C.T.I. Ltd (NAS:MNDO) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 HaCarmel Street, Yoqneam, ISR, 2066724

Website

https://www.mindcti.com

MIND C.T.I. Ltd develops, manufactures, markets and implements real-time and off-line convergent billing and customer care software solutions. The company derives revenue from sale of software products and services in two operating segments namelyBilling and Related Services and Messaging. The Company has three product lines: Product line A- billing and customer care solutions for service providers; Product line B - call accounting and call management solutions for enterprises; and Product line C - mobile messaging, communication, and payment solutions.