Slide 1: Full Year 2018 Financial Results Conference Call
Full Year 2018 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: 2018 Developments
5 2018 Developments ▪ Acquisition agreement among MICT, BNN Technology PLC, and Paragonex Ltd. was signed on December 18, 2018, which contemplates that the proposed business combination shall close on or before May 15, 2019 ▪ A tender offer by BNN to acquire up to 1,953,423 shares of MICT was launch
Slide 6: MICT, Inc. 2018 Results
6 ▪ Full year 2018 revenues decreased by 23% to $14.2 million compared to 2017 revenues of $18.3 million ▪ Gross margin increases to 25% in 2018 from 23% in 2017 ▪ Net loss attributed to MICT narrowed by 68% in 2018 to $2.6 million, as compared to $8.2 million in 2017 ▪ Demand for Micronet’s product
Slide 7: Micronet Ltd. Market Status & Business Development
Micronet Ltd. Market Status & Business Development 7 ▪ Next generation LTE certification is nearly complete. First LTE orders already received ▪ Marketplace Materializing ▪ Formal launching of website achieved ▪ Few partnership agreements already signed ▪ Potential for more in the pipeline ▪ Busines
Slide 8: 2017 vs. 2018 Revenues
2017 vs. 2018 Revenues 8 $18.37 $14.16 $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 2017 2018 (in millions)
Slide 9: Income Statement Highlights
9 Income Statement Highlights (in 000s except share and per share data) Year ended December 31, 2018 2017 Revenues $ 14,162 $ 18,366 Cost of revenues 10,652 14,094 Gross profit 3,510 4,272 Operating expenses: Research and development 1,906 1,964 Selling and marketing 1,582 1,883 General and administ
Slide 10: Balance Sheet
Balance Sheet December 31, 2018 December 31, 2017 Cash, cash equivalents and restricted cash $2.2 M $2.4 M Trade account receivable, net $1.0 M $5.2 M Bank & others debts $5.8 M $5.2 M Net working capital $(0.6 M) $3 M Stockholders’ equity $1.0 M $6.0 M 10 In Millions
Slide 11: Thank You
Thank You Always in Front
Slide 12: Slide 12