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Side-by-side financial comparison of IMMUCELL CORP (ICCC) and MIND CTI LTD (MNDO). Click either name above to swap in a different company.

IMMUCELL CORP is the larger business by last-quarter revenue ($5.5M vs $4.9M, roughly 1.1× MIND CTI LTD). MIND CTI LTD runs the higher net margin — 19.4% vs -2.5%, a 22.0% gap on every dollar of revenue. MIND CTI LTD produced more free cash flow last quarter ($4.0M vs $-1.8M). Over the past eight quarters, IMMUCELL CORP's revenue compounded faster (3.9% CAGR vs -45.1%).

ImmuCell Corp is a US-based animal health biotechnology company that develops, manufactures and markets innovative products for livestock, primarily dairy cattle. Its core offerings include preventive and therapeutic solutions for common bovine health issues such as mastitis, serving agricultural producers and veterinary providers across North America.

MIND CTI Ltd. is a global provider of billing and customer care solutions and messaging services for voice, data, video and content services. Headquartered in Yokneam, Israel; the company also has offices in the United States of America, Iaşi in Romania and in Germany.

ICCC vs MNDO — Head-to-Head

Bigger by revenue
ICCC
ICCC
1.1× larger
ICCC
$5.5M
$4.9M
MNDO
Higher net margin
MNDO
MNDO
22.0% more per $
MNDO
19.4%
-2.5%
ICCC
More free cash flow
MNDO
MNDO
$5.7M more FCF
MNDO
$4.0M
$-1.8M
ICCC
Faster 2-yr revenue CAGR
ICCC
ICCC
Annualised
ICCC
3.9%
-45.1%
MNDO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ICCC
ICCC
MNDO
MNDO
Revenue
$5.5M
$4.9M
Net Profit
$-139.7K
$950.0K
Gross Margin
42.9%
55.4%
Operating Margin
0.4%
16.5%
Net Margin
-2.5%
19.4%
Revenue YoY
-8.4%
Net Profit YoY
80.1%
EPS (diluted)
$-0.02
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ICCC
ICCC
MNDO
MNDO
Q4 25
$4.9M
Q3 25
$5.5M
$16.2M
Q2 25
$6.4M
$11.0M
Q1 25
$8.1M
Q4 24
$7.8M
$5.2M
Q3 24
$6.0M
$16.0M
Q2 24
$5.5M
$10.7M
Q1 24
$7.3M
Net Profit
ICCC
ICCC
MNDO
MNDO
Q4 25
$950.0K
Q3 25
$-139.7K
$3.4M
Q2 25
$501.9K
$2.5M
Q1 25
$1.4M
Q4 24
$1.2M
Q3 24
$-701.7K
$3.7M
Q2 24
$-1.5M
$2.5M
Q1 24
$-437.9K
Gross Margin
ICCC
ICCC
MNDO
MNDO
Q4 25
55.4%
Q3 25
42.9%
48.3%
Q2 25
43.7%
50.6%
Q1 25
41.6%
Q4 24
36.5%
55.6%
Q3 24
26.3%
50.6%
Q2 24
22.5%
50.4%
Q1 24
31.6%
Operating Margin
ICCC
ICCC
MNDO
MNDO
Q4 25
16.5%
Q3 25
0.4%
18.8%
Q2 25
8.8%
21.0%
Q1 25
13.9%
Q4 24
8.0%
25.4%
Q3 24
-9.6%
22.5%
Q2 24
-25.3%
22.2%
Q1 24
-4.1%
Net Margin
ICCC
ICCC
MNDO
MNDO
Q4 25
19.4%
Q3 25
-2.5%
20.9%
Q2 25
7.8%
22.3%
Q1 25
17.9%
Q4 24
23.8%
Q3 24
-11.7%
23.3%
Q2 24
-28.0%
23.1%
Q1 24
-6.0%
EPS (diluted)
ICCC
ICCC
MNDO
MNDO
Q4 25
$0.05
Q3 25
$-0.02
$0.16
Q2 25
$0.06
$0.12
Q1 25
$0.16
Q4 24
$0.09
$0.06
Q3 24
$-0.09
$0.18
Q2 24
$-0.20
$0.12
Q1 24
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ICCC
ICCC
MNDO
MNDO
Cash + ST InvestmentsLiquidity on hand
$3.9M
$8.3M
Total DebtLower is stronger
$9.5M
Stockholders' EquityBook value
$29.8M
$23.0M
Total Assets
$45.7M
$30.2M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICCC
ICCC
MNDO
MNDO
Q4 25
$8.3M
Q3 25
$3.9M
$4.5M
Q2 25
$4.5M
Q1 25
Q4 24
$3.8M
$4.6M
Q3 24
$3.0M
Q2 24
$1.3M
$3.0M
Q1 24
$960.3K
Total Debt
ICCC
ICCC
MNDO
MNDO
Q4 25
Q3 25
$9.5M
Q2 25
Q1 25
$8.7M
Q4 24
$9.0M
Q3 24
$9.4M
Q2 24
$9.8M
Q1 24
$10.2M
Stockholders' Equity
ICCC
ICCC
MNDO
MNDO
Q4 25
$23.0M
Q3 25
$29.8M
$24.3M
Q2 25
$29.9M
$24.3M
Q1 25
$29.0M
Q4 24
$27.5M
$24.3M
Q3 24
$26.4M
$24.5M
Q2 24
$23.5M
$24.5M
Q1 24
$24.6M
Total Assets
ICCC
ICCC
MNDO
MNDO
Q4 25
$30.2M
Q3 25
$45.7M
$30.7M
Q2 25
$46.7M
$30.7M
Q1 25
$45.6M
Q4 24
$45.1M
$30.7M
Q3 24
$44.4M
$31.6M
Q2 24
$41.9M
$31.6M
Q1 24
$43.1M
Debt / Equity
ICCC
ICCC
MNDO
MNDO
Q4 25
Q3 25
0.32×
Q2 25
Q1 25
0.30×
Q4 24
0.33×
Q3 24
0.36×
Q2 24
0.42×
Q1 24
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ICCC
ICCC
MNDO
MNDO
Operating Cash FlowLast quarter
$-1.2M
$4.0M
Free Cash FlowOCF − Capex
$-1.8M
$4.0M
FCF MarginFCF / Revenue
-32.3%
81.0%
Capex IntensityCapex / Revenue
10.8%
0.6%
Cash ConversionOCF / Net Profit
4.20×
TTM Free Cash FlowTrailing 4 quarters
$715.4K
$14.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICCC
ICCC
MNDO
MNDO
Q4 25
$4.0M
Q3 25
$-1.2M
$3.8M
Q2 25
$1.6M
$2.9M
Q1 25
$1.6M
Q4 24
$-3.1K
$4.1M
Q3 24
$-639.3K
$3.4M
Q2 24
$581.8K
$2.4M
Q1 24
$418.5K
Free Cash Flow
ICCC
ICCC
MNDO
MNDO
Q4 25
$4.0M
Q3 25
$-1.8M
$3.8M
Q2 25
$1.4M
$2.9M
Q1 25
$1.2M
Q4 24
$-199.3K
$4.1M
Q3 24
$-727.7K
$3.3M
Q2 24
$471.0K
$2.4M
Q1 24
$348.1K
FCF Margin
ICCC
ICCC
MNDO
MNDO
Q4 25
81.0%
Q3 25
-32.3%
23.4%
Q2 25
22.4%
25.8%
Q1 25
15.4%
Q4 24
-2.6%
78.9%
Q3 24
-12.1%
20.8%
Q2 24
8.6%
22.1%
Q1 24
4.8%
Capex Intensity
ICCC
ICCC
MNDO
MNDO
Q4 25
0.6%
Q3 25
10.8%
0.0%
Q2 25
2.4%
0.0%
Q1 25
4.1%
Q4 24
2.5%
0.2%
Q3 24
1.5%
0.3%
Q2 24
2.0%
0.4%
Q1 24
1.0%
Cash Conversion
ICCC
ICCC
MNDO
MNDO
Q4 25
4.20×
Q3 25
1.12×
Q2 25
3.19×
1.16×
Q1 25
1.09×
Q4 24
3.32×
Q3 24
0.91×
Q2 24
0.97×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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