Tingo Group, Inc. · OTC:TIOG
Tingo — MICT — Q1 2019 Earnings Presentation
10 slides from Tingo's earnings presentation, May 21, 2019
Slide 1: First Quarter 2019 Financial Results Conference Call
First Quarter 2019 Financial Results Conference Call
Slide 2: Forward Looking Statements
Forward Looking Statements 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 regardi
Slide 3: No Offer or Solicitation
No Offer or Solicitation This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed tr
Slide 4: Participants in Solicitation
Participants in Solicitation MICT and its directors and executive officers, may be deemed to be participants in the solicitation of proxies for the special meeting of MICT’s stockholders to be held to approve the proposed business combination. Information regarding the persons who may, under the rul
Slide 5: Q1 2019 Developments
5 Q1 2019 Developments ▪ We continue to be engaged in the transactions contemplated by the acquisition agreement entered into among MICT, BNN and ParagonEx Ltd. ▪ Following Micronet’s closing of a public equity offering on the Tel Aviv Stock Exchange on February 24 , 2019 , MICT’s holdings in Micron
Slide 6: MICT, Inc. Q1 2019 Results
6 ▪ Revenue was $477,000 in the first quarter of 2019, compared to $5.98 million in the first quarter of 2018. ▪ Gross loss of $369,000, representing 77% of revenues in the first quarter of 2019, compared to $1.72 million, representing 29% of revenues, in the first quarter of 2018. ▪ Research and de
Slide 7: Q1 2018 vs. Q1 2019 Revenue
@MICT... Q1 2018 vs. Q1 2019 Revenue (In millions) $5.99 $1.00 $0.48 $- a Q12019 Q12018 Always in Front
Slide 8: Income Statement Highlights
8 Income Statement Highlights (in 000s except share and per share data) Three months ended March 31, 2019 2018 Revenues $ 477 $ 5,980 Cost of revenues 846 4,258 Gross profit (369 ) 1,722 Operating expenses: Research and development 261 527 Selling and marketing 198 454 General and administrative 990
Slide 9: Balance Sheet
Balance Sheet March 31, 2019 (Unaudited) December 31, 2018 (Audited) Cash, cash equivalents and restricted cash $0.3 M $2.2 M Trade account receivable, net $ -- M $1.0 M Bank & others debts $2.0 M $5.8 M Net working capital $(1.8 M) $(0.6 M) Stockholders’ equity $(0.1 M) $1.0 M 9 In Millions
Slide 10: Slide 10