Slide 1: 3Q16 Financial Results Conference Call
3Q 16 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 our
Slide 3: 3rd Quarter Overview
3 3 rd Quarter Overview ▪ Positioned for potential significant sector growth as customers evaluate best solution for ELD mandate requirement ▪ Launched TREQr - 5: Continued to evolve industry leading product line ▪ Managed expenses while investing in product development and management to drive long
Slide 4: ELD Mandate Opportunity
ELD Mandate Opportunity 4 New regulation implemented in December 2015 mandates all truck drivers to keep electronic records of hours of service (HOS) * • Cannot drive over 11 hours per day • Required rest periods Electronic Logging Devices (ELDs) connect to engine and replace paper logbooks. Microne
Slide 5: Further Broadening Our Product Line
Further Broadening Our Product Line 5 ▪ Launched TREQr 5 product : ▪ Real open architecture ▪ Well - suited for the BYOD market ▪ Pairs easily will smart phones. No customization required ▪ Enhanced safety monitoring features ▪ Will support up to 6 cameras with Android app ▪ Expands market opportuni
Slide 6: Improved Backlog at Enertec: Awarded three stage $5.8 Million project
6 Improved Backlog at Enertec: Awarded three stage $5.8 Million project ▪ A&D subsidiary Enertec awarded three stage $ 5.8 million project for the production of computer - based Command and Control Defense systems. ▪ The multibillion dollar Aerospace & Defense contractor expects to place additional
Slide 7: Positive Outlook
Positive Outlook 7 MRM ▪ Local 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 leading product with wider market acceptance ▪ ELD mandate is driving increased pipeline for All In One products ▪ Broadening
Slide 8: 3Q16 vs. 3Q15 Revenues
3Q16 vs. 3Q15 Revenues 8 (in millions) $1.76 $ 2.30 $ 1.70 $0 $1 $2 $3 3Q15 2Q16 3Q16 A&D MRM $5.56 $6.70 $5.35 $0 $2 $4 $6 $8 3Q15 2Q16 3Q16 (in millions) (in millions) Sales Breakdown Consolidated revenue for the quarter $3.80 $4.40 $3.65 $0 $2 $4 $6 3Q15 2Q16 3Q16
Slide 9: Income Statement Highlights
9 Income Statement Highlights (in 000s except share and per share data) 3 Months Ended September 30, 2016 3 Months Ended September 30, 2015 9 Months Ended September 30, 2016 9 Months Ended September 30, 2015 Revenues $ 5,354 $ 5,556 $ 18,557 $ 16,982 Cost of Revenues 4,299 4,434 13,865 12,275 Gross
Slide 10: Non-GAAP
Non - GAAP (in 000 s except share and per share data) 10 2015 2016 (1,263) (1,283) GAAP net loss attributable to Micronet Enertec 177 147 Amortization of acquired intangible assets 82 69 Stock - based compensation - 8 Amortization of note discount (7) (2) Income tax - effect of above non - GAAP adju
Slide 11: Strong Balance Sheet
Strong Balance Sheet September 30 , 2016 December 31, 2015 Cash, cash equivalents and marketable securities $10.3M $12.1M Trade accounts receivables, net $13.3M $12.3M Bank & others debts $16.3M $14.4M Net Working Capital $10.4M $13.3M Stockholders' Equity $14.9M $17.5M 11
Slide 12: Thank You Q&A
Thank You 12 Q & A
Slide 13: Micronet Enertec Technologies, Inc.
MICRONET ENERTEC TECHNOLOGIES, INC