Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — FY2017 Earnings Presentation
12 slides from Tingo's earnings presentation, Apr 13, 2018
Slide 1: Full Year 2017 Financial Results Conference Call
Full Year 2017 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 ou
Slide 3: Focusing on MRM Business
Focusing on MRM Business 3 ▪ In 2017, Micronet achieved increases in revenues and gross margins. ▪ A strong backlog ▪ A growing number of purchase orders from existing and new customers ▪ In 2018, we plan to launch additional and advanced products ▪ MICT to focus on high - growth Mobile Resource Man
Slide 4: 2017 YE Overview
4 2017 YE Overview ▪ Full year 2017 revenues increased by 38% to $18.4 million over 2016 revenues of $13.3 million ▪ Gross margin increased from 20% in 2016 to 23% in 2017 ▪ Combined backlog of $17.4 million as of December 31, 2017, approximately $9 million driven by contracts for new MRM products i
Slide 5: Sales of TREQ-317 and TREQ-r5
Sales of TREQ® - 317 and TREQ - r 5 5 ▪ Strong pipeline with growing amount of customers evaluating products in the field ▪ TREQ® - 317 ▪ $ 1.9 million from a current strategic customer that is a leading US telematics service provider ▪ TREQr - 5 /Smart - Hub ▪ $ 3.1 million order for the SmartHub -
Slide 6: Positive Outlook for MRM Business
Positive Outlook for MRM Business 6 MRM ▪ Purchase orders of increasing value in MRM business are being placed by both new and current customers, pointing to strong customer satisfaction with Micronet’s products ▪ New Software as a Service (SaaS) offering generates high margin, annually recurring li
Slide 7: 2017 vs. 2016 Revenues
2017 vs. 2016 Revenues 7 $13.30 $ 18.40 $0 $5 $10 $15 $20 2016 2017 (in millions) Revenues for the full year 2017 vs. 2016 Revenues for Q4 2017 vs. Q4 2016 $1.30 $6.40 $0 $1 $2 $3 $4 $5 $6 $7 Q4 2016 Q4 2017
Slide 8: Income Statement Highlights
8 Income Statement Highlights (in 000s except share and per share data) Year ended December 31, 2017 2016 Revenues $ 18,366 $ 13,284 Cost of revenues 14,094 10,657 Gross profit 4,272 2,627 Operating expenses: Research and development 1,964 1,802 Selling and marketing 1,883 1,352 General and administ
Slide 9: Non-GAAP
Non - GAAP (in 000s except share and per share data) 9 Year ended December 31, (Dollars in Thousands, other than share and per share amounts) 2017 2016 GAAP net loss from continued operation $ (5,060 ) $ (6,262 ) Amortization of acquired intangible assets 504 582 Stock-based compensation and shares
Slide 10: Balance Sheet
Balance Sheet December 31, 2017 December 31, 2016 Cash, cash equivalents and marketable securities $2.4M $4.1M Trade account receivable, net $5.2M $3.1M Bank & others debts $5.2M $7.4M Net working capital $3M $7M Stockholders’ equity $6.0M $11.0M 10
Slide 11: Thank You Q & A
Thank You 11 Q & A
Slide 12: Slide 12
Micronet Enertec Technologies — FY2017 Earnings Presentation on 6ix