Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Q2 2017 Earnings Presentation
13 slides from Tingo's earnings presentation, Aug 16, 2017
Slide 1: 2Q 17 Financial Results Conference Call
2Q 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 ou
Slide 3: 2nd Quarter Overview
3 2 nd Quarter Overview ▪ Combined backlog of $16.5 million and $22.5 million as of June 30, 2017 and August 10, 2017 respectively. (record high) ▪ Record backlog of $13.5 million for Micronet as of August 10, 2017, driven by contracts for Micronet’s new MRM products including the TREQ® - 317 and TR
Slide 4: Sales of TREQ-317 and TREQr-5
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 ▪ $2,100,000 purchase order from a current customer for 8,000 units ▪ TREQr - 5 (
Slide 5: Teaming Agreement
5 Teaming Agreement Signed Teaming Agreement with a large Aerospace & Defense manufacturer based in India to jointly pursue multi - billion dollar Aerospace & Defense off - set procurement opportunity Two companies are jointly bidding on Aerospace & Defense contracts under Indo - Israeli Aerospa
Slide 6: Positive Outlook
Positive Outlook 6 MRM ▪ Purchase orders of increasing value are being placed by both new and current customers, pointing to strong customer satisfaction with Micronet’s products ▪ Micronet's new rugged on - board computing products create strong value for customers including: ▪ Optimized transporta
Slide 7: 2Q16 vs. 2Q17 Revenues
2Q16 vs. 2Q17 Revenues 7 (in millions) MRM $6.70 $5.30 $5.90 $0 $2 $4 $6 $8 2Q16 1Q17 2Q17 (in millions) (in millions) Sales Breakdown Consolidated revenue for the quarter $4.40 $2.70 $3.75 $0 $1 $2 $3 $4 $5 2Q16 1Q17 2Q17 $2.30 $2.60 $2.15 $0 $1 $1 $2 $2 $3 $3 2Q16 1Q17 2Q17 A&D
Slide 8: First Six Months 2016 vs. 2017 Revenues
First 6 Months 2016 vs. First 6 Months 2017 Revenues 8 (in millions) MRM $13.20 $11.20 $0 $2 $4 $6 $8 $10 $12 $14 1H16 1H17 (in millions) (in millions) Sales Breakdown Consolidated revenue for the first six months of 2017 $8.35 $6.50 $0 $2 $4 $6 $8 $10 1H16 1H17 $4.85 $4.70 $0 $1 $2 $3 $4 $5 $6 1H16
Slide 9: Income Statement Highlights
9 Income Statement Highlights (in 000s except share and per share data) Six months ended June 30, Three months ended June 30, 2017 2016 2017 2016 Revenues $ 11,179 $ 13,203 $ 5,920 $ 6,721 Cost of revenues 9,648 9,566 5,076 5,163 Gross profit 1,531 3,637 844 1,558 Operating expenses: Research and de
Slide 10: Non-GAAP
Non - GAAP (in 000s except share and per share data) 10 Three months ended June 30, 2017 2016 GAAP net loss attributable to Micronet Enertec $ (1,331) $ (1,219 ) Amortization of acquired intangible assets 118 146 Stock-based compensation and shares issued to service providers 1 108 Income tax-effect
Slide 11: Strong Balance Sheet
Strong Balance Sheet June 30, 2017 December 31, 2016 Cash, cash equivalents and marketable securities $7.8M $8.1M Trade account receivable, net $12.1M $11.6M Bank & others debts $14.8M $14.4M Net Working Capital $6.4M $6.1M Stockholders' Equity $10.1M $11.0M 11
Slide 12: Q&A
3 = ~~ iS oO aS = Q&A
Slide 13: Slide 13
Micronet Enertec Technologies — Q2 2017 Earnings Presentation on 6ix