Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Q1 2018 Earnings Presentation
11 slides from Tingo's earnings presentation, May 15, 2018
Slide 1: First Quarter 2018 Financial Results Conference Call
First Quarter 2018 Financial Results Conference 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 the
Slide 3: Micronet Q1 2018 Results
3 ▪ Micronet Enertec experienced substantial growth in revenues and gross margins by shipping against its existing backlog to current and new customers ▪ Q 1 2018 revenues increased by 121 % to $ 5.98 million over Q 1 2017 revenues of $ 2.70 million ▪ Gross margin increased to 29 % in Q 1 2018 from
Slide 4: Micronet Market Status & Business Development
Micronet Market Status & Business Development 4 ▪ $4.7 million backlog from existing customers with growing amount of customers evaluating products in the field ▪ Q1 2018 revenues resulting from fulfillment of prior orders which resulted in improvement in revenues and in gross margin ▪ New orders st
Slide 5: Enertec Q1 2018 Results
Enertec Q1 2018 Results 5 ▪ Enertec announced it received a purchase order of approximately $1.6 million with a Fortune 50 medical device company, in a follow - on order for fully automated testing systems for medical calibration devices treating heart rhythm disorders ▪ Enertec revenues for the Q1
Slide 6: Q1 2017 vs. Q1 2018 Revenues
Q1 2017 vs. Q1 2018 Revenues 6 $2.70 $5.98 $0 $1 $2 $3 $4 $5 $6 $7 Q1 2017 Q1 2018 (in millions) Revenues for Q1 2017 vs. Q1 2018
Slide 7: Income Statement Highlights
7 Income Statement Highlights (in 000s except share and per share data) Three months ended March 31, 2018 2017 Revenues $ 5,980 $ 2,701 Cost of revenues 4,258 2,327 Gross profit 1,722 374 Operating expenses: Research and development 527 397 Selling and marketing 454 392 General and administrative 1,
Slide 8: Non-GAAP
Non - GAAP (in 000s except share and per share data) 8 Three months ended March 31, (Dollars in Thousands, other than share and per share amounts) 2018 2017 GAAP net loss from continued operation attributable to Micronet Enertec $ (961 ) $ (1,017 ) Amortization of acquired intangible assets 111 132
Slide 9: Balance Sheet
Balance Sheet March 31, 2018 December 31, 2017 Cash, cash equivalents and marketable securities $3.6M $2.4M Trade account receivable, net $4.8M $5.2M Bank & others debts $7.7M $5.2M Net working capital $5.3M $3M Stockholders’ equity $5.7M $6.0M 9
Slide 10: Thank You Q & A
Thank You 10 Q & A
Slide 11: Slide 11
Micronet Enertec Technologies — Q1 2018 Earnings Presentation on 6ix