Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Q1 2017 Earnings Presentation
12 slides from Tingo's earnings presentation, May 22, 2017
Slide 1: 1Q 17 Financial Results Conference Call
1Q 17 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 exp
Slide 3: 1st Quarter Overview
3 1 st Quarter Overview ▪ Contracts totaling $5.6 million awarded to Company during Q1 ▪ Combined backlog in both Micronet and Enertec businesses remain robust at $15.4 million ▪ Positioned for growth in Enertec business based on our strong reputation and increase in military spending ▪ Potential si
Slide 4: Sales of TREQ and TREQr
Sales of TREQ® - 317 and TREQ - r 5 4 ▪ Expect additional orders in 2017 pursuant to implementation of final ELD mandate ▪ Strong pipeline with growing amount of customers evaluating products in the field ▪ TREQ® - 317 ▪ $800,000 order for the all - in - one TREQ® - 317 rugged Android tablet from a
Slide 5: Multiple Contracts Awarded to Enertec
5 Multiple Contracts Awarded to Enertec $250,000 continuous order for a mobile command and control center for used in rugged and difficult terrains for the control and monitoring of advanced weapons systems $470,000 order for the development of a computer - based test and simulation system to en
Slide 6: Positive Outlook
Positive Outlook 6 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 7: 1Q16 vs. 1Q17 Revenues
1Q16 vs. 1Q17 Revenues 7 (in millions) $2.6 $2.9 $2.6 $0 $1 $2 $3 $4 1Q16 4Q16 1Q17 A&D MRM $6.50 $4.20 $5.30 $0 $1 $2 $3 $4 $5 $6 $7 1Q16 4Q16 1Q17 (in millions) (in millions) Sales Breakdown Consolidated revenue for the quarter $3.9 $1.3 $2.7 $0 $2 $4 1Q16 4Q16 1Q17
Slide 8: Income Statement Highlights
8 Income Statement Highlights (in 000s except share and per share data) Three Months Ended March 31, 2017 2016 Revenues $ 5,259 $ 6,482 Cost of revenues 4,572 4,403 Gross profit 687 2,079 Gross profit margin 13% 32% Operating expenses: Research and development 533 700 % of sales 10% 11% Selling and
Slide 9: Non-GAAP
Non - GAAP (in 000s except share and per share data) 9 Three Months Ended March 31, 2017 2016 GAAP net income (loss) attributed to MICT (1,612) (339) Total amortization of acquired intangible assets 132 143 Stock - based compensation 33 82 Income tax - effect of above non - GAAP adjustments (1) (2)
Slide 10: Strong Balance Sheet
Strong Balance Sheet March 31, 2017 December 31, 2016 Cash, cash equivalents and marketable securities $7.1M $8.2M Trade account receivable, net $12.3M $11.6M Bank & others debts $14.5M $14.4M Net Working Capital $6.6M $6.1M Stockholders' Equity $11.4M $11.0M 10
Slide 11: Thank You / Q&A
(>) MICRONET () ENERTEC Thank You Q&A
Slide 12: Slide 12
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