Tingo Group, Inc. · OTC:TIOG
Tingo — MICT — Q1 2020 Earnings Presentation
9 slides from Tingo's earnings presentation, Jun 16, 2020
Slide 1: First Quarter 2020 Financial Results Conference Call
First Quarter 2020 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 regarding t
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, nor shall there be any sal
Slide 4: Q1 2020 Developments
4 Q1 2020 Developments ▪ During the first quarter of 2020, we advanced towards closing our planned transaction with Global Fintech Holdings, Ltd (GFH). Towards that end, in April we entered into an amended and restated agreement and plan for merger with GFH. Upon closing, MICT will diversify into th
Slide 5: MICT, Inc. Q1 2020 Results
5 ▪ Revenues in Q1 2020 were $0 compared $477,000 in Q1 2019. ▪ Gross loss in Q1 2020 was $0 compared to $369,000 in Q1 2019. ▪ Research and development (R&D) expense in Q1 2020 was $0 compared to $261,000 in Q1 2019. ▪ Selling, general and administrative (SG&A) expense in Q1 2020 was $770,000 compa
Slide 6: Revenues for Q1 2019 and Q1 2020
Revenues for Q1 2019 and Q1 2020 6 $477,000 $0 Q1 2019 Q1 2020
Slide 7: Income Statement Highlights
7 Income Statement Highlights (in 000s except share and per share data) Three months ended March 31, 2020 2019 Revenues $ - $ 477 Cost of revenues - 846 Gross profit - (369 ) Operating expenses: Research and development - 261 Selling and marketing - 198 General and administrative 770 990 Amortizatio
Slide 8: Balance Sheet
Balance Sheet March 31, 2020 (Unaudited) December 31, 2019 (Audited) Cash, cash equivalents and restricted cash $2.9 M $3.2 M Net working capital $3.5 M $4.1 M Stockholders’ equity $3.9 M $3.2 M 8 In Millions
Slide 9: Slide 9