Tingo Group, Inc. · OTC:TIOG
Tingo — Micronet Enertec Technologies — Q3 2017 Earnings Presentation
13 slides from Tingo's earnings presentation, Nov 20, 2017
Slide 1: 3Q 17 Financial Results Conference Call
3Q 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: 3rd Quarter Overview
3 3 rd Quarter Overview ▪ Micronet delivering in line with our expectations and is projected to meet its annual target for 2017 ▪ Revenues in Q3 increased to $6.9 million, a 29% increase over Q3 of 2016 and a 17% increase sequentially ▪ Combined backlog of $20.5 million as of September 30, 2017, a 5
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 ▪ $1,600,000 purchase order from a current customer, a global fleet management pr
Slide 5: Enertec
Enertec 5 ▪ $650,000 contract from a Fortune 500 medical device company to develop and product fully automated testing systems for medical calibration devices ▪ During Q3 2017 awarded two purchase orders for an aggregate amount of $1,200,000 from a current customer, a large global Aerospace & Defens
Slide 6: Positive Outlook
Positive Outlook 6 MRM ▪ Purchase orders of increasing value in $10 billion MRM business are being placed by both new and current customers, pointing to strong customer satisfaction with Micronet’s products ▪ New SaaS offering expected to generates high margin, annually recurring licensing revenues
Slide 7: 3Q16 vs. 3Q17 Revenues
3Q16 vs. 3Q17 Revenues 7 (in millions) MRM $5.40 $5.90 $6.90 $0 $2 $4 $6 $8 3Q16 2Q17 3Q17 (in millions) (in millions) Sales Breakdown Consolidated revenue for the quarter $3.70 $3.80 $5.50 $0 $1 $2 $3 $4 $5 $6 3Q16 2Q17 3Q17 $1.70 $2.1 $1.4 $0 $1 $1 $2 $2 $3 3Q16 2Q17 3Q17 A&D
Slide 8: First Nine Months 2016 vs. 2017 Revenues
First 9 Months 2016 vs. First 9 Months 2017 Revenues 8 (in millions) MRM $18.60 $18.10 $0 $5 $10 $15 $20 1-9.2016 1-9.2017 (in millions) (in millions) Sales Breakdown Consolidated revenue for the first nine months of 2017 $12.00 $12.00 $0 $2 $4 $6 $8 $10 $12 $14 Q1-3 '16 Q1-3 '17 $6.60 $6.1 $0 $1 $2
Slide 9: Consolidated Statements of Operations
9 (in 000s except share and per share data) Nine months ended September 30, Three months ended September 30, 2017 2016 2017 2016 Revenues $ 18,110 $ 18,557 $ 6,931 $ 5,354 Cost of revenues 15,018 13,865 5,370 4,299 Gross profit 3,092 4,692 1,561 1,055 Operating expenses: Research and development 1,8
Slide 10: Non-GAAP
Non - GAAP (in 000s except share and per share data) 10 Nine months ended September 30, (Dollars in thousands, other than share and per share amounts) 2017 2016 GAAP net loss attributable to Micronet Enertec $ (4,238) $ (2,841 ) Amortization of acquired intangible assets 384 436 Stock-based compensa
Slide 11: Strong Balance Sheet
Strong Balance Sheet September 30, 2017 December 31, 2016 Cash, cash equivalents and marketable securities $9.2M $8.1M Trade account receivable, net $10.2M $11.6M Bank & others debts $14.6M $14.4M Net Working Capital $4.7M $6.1M Stockholders' Equity $9.3M $11.0M 11
Slide 12: Thank You Q & A
Thank You 12 Q & A
Slide 13: Technologies, Inc
TECHNOLOGIES, INC
Micronet Enertec Technologies — Q3 2017 Earnings Presentation on 6ix