Slide 1: Third Quarter 2018 Financial Results Conference Call
Third Quarter 2018 Financial Results Conference Call
Slide 2: Disclaimer / Additional Information - Forward-Looking Statements
Disclaimer / Additional Information - Forward - Looking Statements – 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
Slide 3: Participants in the Solicitation; Non-Solicitation; Tender Offer
- P articipants in the Solicitation – MICT and its directors and executive officers, may be deemed to be participants in the solicitation of proxies for the special meeting of MICT’s stockholders to be held to approve the transactions if a definitive agreement is reached . Information regarding the
Slide 4: Third Quarter 2018 Highlights
4 ▪ With an increasing number of companies having met their ELD mandate requirements, we are now seeing a drop in demand and change in customers’ needs ▪ MICT experienced a decrease in revenues and gross margins as compared to Q3 2017 ▪ Q3 2018 revenues decreased by 60% to $2.2 million as compared t
Slide 5: Micronet Ltd. Market Status & Business Development
Micronet Ltd. Market Status & Business Development 5 ▪ New orders were slower than expected ▪ Gaining traction with new marketplace initiatives that include co - marketing, subcontracting and distribution agreements ▪ Working on long term customer acquisition with larger fleets under management in t
Slide 6: R&D, New Product Development
R&D, New Product Development 6 ▪ New products to drive revenues are in development ▪ Micronet Marketplace Backoffice Commercial Website ▪ Building back - end system to launch and sell telematics applications for the MRM market, focusing on video based apps ▪ TAB8 ▪ Expect prototype to be ready Q2 20
Slide 7: Revenues for Q3 2017 vs. Q3 2018 and Q2 2018
Q3 2017 vs. Q3 2018 and Q2 2018 Revenues 7 $5.47 $4.70 $2.22 $0 $1 $2 $3 $4 $5 $6 Q3 2017 Q2 2018 Q3 2018 (in millions) Revenues for Q3 2017 vs. Q3 2018 and Q2 2018
Slide 8: Revenue for nine months ended September 30, 2018 and 2017
9 - Month Revenues 8 $11.94 $12.90 $0 $2 $4 $6 $8 $10 $12 $14 2017 2018 (in millions) Revenue for nine months ended September 30, 2018 and September 30, 2017
Slide 9: Income Statement Highlights
9 Income Statement Highlights (in 000s except share and per share data) Nine months ended September 30, Three months ended September 30, 2018 2017 2018 2017 Revenues $ 12,897 $ 11,937 $ 2,216 $ 5,473 Cost of revenues 9,589 9,286 2,162 3,969 Gross profit 3,308 2,651 54 1,504 Operating expenses: Resea
Slide 10: Non-GAAP: Three months ended September 30
Non - GAAP (in 000s except share and per share data) 10 Three months ended September 30, (Dollars in thousands, other than share and per share amounts) 2018 2017 GAAP net loss from continued operation $ (4,178 ) $ (943 ) GAAP net loss attributable to non-controlling interests (1,542 ) (257 ) GAAP ne
Slide 11: Non-GAAP: Nine months ended September 30
Non - GAAP (in 000s except share and per share data) 11 Nine months ended September 30, (Dollars in thousands, other than share and per share amounts) 2018 2017 GAAP net loss from continued operation $ (6,610 ) $ (4,104 ) GAAP net loss attributable to non-controlling interests (1,726 ) (1,604 ) GAAP
Slide 12: Balance Sheet
Balance Sheet September 30, 2018 December 31, 2017 Cash, cash equivalents and restricted cash $2.5 M $2.4 M Trade accounts receivable, net $2.9 M $5.2 M Bank & other debts $6.2M $5.2M Net working capital $3.2M $3 M Stockholders’ equity $4.9 M $6.0 M 12
Slide 13: Thank You
Thank You Always in Front
Slide 14: Slide 14