Slide 1: 4Q 15 Financial Results Conference Call
4Q 15 Financial ResultsConference Call
Slide 2: Forward Looking Statement
Forward Looking Statement 2 This presentation contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward-looking statements include, but are not limited to those statements regarding our fut
Slide 3: Presenters
Presenters 3 David LucatzChairman of the Board and CEO Shai LustgartenCEO of Micronet Ltd. Tali DinarCFO of Enertec Electronic Ltd.
Slide 4: 4th Quarter Overview
4 4th Quarter Overview Return to profitability; Significant margin and profitability improvementsNet income of $89,000 compared to a net loss of $28,000 in 4Q14Successful consolidation of operations in Salt Lake City resulted significant savings and a more efficient organization.Gross margin was 39%
Slide 5: ELD Mandate Opportunity
ELD Mandate Opportunity 5 New regulation implemented in December 2015 mandates all truck drivers to keep electronic records of hours of service (HOS).Electronic Logging Devices (ELDs)* connect to engine and replace paper logbooks. Micronet’s comprehensive products provide state of the art solutions
Slide 6: New Purchase Order
6 New Purchase Order Announced this week that MICT subsidiary Micronet, received a $2 million purchase order for the A-317 rugged Android tablet.A-317 product is used as part of compliance solution related to the ELD mandate.A breakthrough order proving that our A-317 is a qualified solution for the
Slide 7: Acquisition Update
7 Acquisition Update Announced intention to acquire the Telematics business of Novatel Wireless in February of 2016Following Due Diligence process, the Asset Purchase Agreement was terminated. Refocused on the considerable opportunity to drive organic revenue growth and profits going forward
Slide 8: Positive Outlook
Positive Outlook 8 MRMLocal fleet market and the ELD expected to be the growth engines of the company The All In One line of new developed tablets becoming the company’s best sellers with wider market acceptance. Aerospace/Defense Continued reliance on missile defense systems supports potential dema
Slide 9: 4Q14 vs 4Q15 Revenues and Sales Breakdown
4Q14 vs 4Q15 Revenues Sales Breakdown Consolidated revenue for the quarter 4Q14 vs 4Q15 Revenues 9 (in millions) MRM (in millions) (in millions) Sales Breakdown Consolidated revenue for the quarter
Slide 10: Next Generation A-317 Tablet
10 Next Generation A-317 Tablet A-317 “All-In-One” tablet is a significant technology advancementRugged, integrated tablet solutionOffers 3.5G/4G LTE, Bluetooth and Wi-Fi applicationsPotential benefit from upcoming ELD mandate (effective Year End 2015) First Totally Connected Product; Transforms Pro
Slide 11: A-317 Tablet Roll Out
11 A-317 Tablet Roll Out Product R&D Carrier Certification;Testing & Approval Adaptation & Orders CompletedOngoing refinement with customersContinue to invest significantly in product improvement and customization Carrier CertificationVerizon complete AT&T in progressIn discussions with additional c
Slide 12: Income Statement Highlights
Income Statement Highlights (in 000s except share and per share data) Three Months Ended December 31, Years Ended December 31, 2015 2014 2015 2014 Revenues $ 6,604 $ 10,670 $ 23,587 $ 34,238 Cost of revenues 4,009 7,390 16,284 24,180 Gross profit 2,595 3,280 7,303 10,058 Gross profit margin 39% 31%
Slide 13: Non-GAAP
Non-GAAP(in 000s except share and per share data) 13 Three Months EndedDecember 31, Years EndedDecember 31, 2015 2014 2015 2014 GAAP net income (loss) attributed to MICT 89 (28) (2,467) (2,139) Amortization of acquired intangible assets 144 144 701 492 Change in fair value of call options and warran
Slide 14: Strong Balance Sheet
Strong Balance Sheet December 31, 2015 December 31,2014 Cash, cash equivalents and marketable securities $12.1M $15.0M Bank & others debts $14.4M $14.3M Net Working Capital $13.3M $16.4M Stockholders' Equity $17.5M $20.2M 14
Slide 15: Thank You
( BNERTEC Thank You Q&A
Slide 16: TECHNOLOGIES, INC
TECHNOLOGIES, INC