See more : IFCI Limited (IFCI.BO) Income Statement Analysis – Financial Results
Complete financial analysis of MICT, Inc. (MICT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MICT, Inc., a leading company in the Computer Hardware industry within the Technology sector.
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MICT, Inc. (MICT)
About MICT, Inc.
MICT, Inc., through its subsidiaries, engages in the financial technology and insurance business in China, Singapore, and Hong Kong. It primarily develops platforms for insurance products, and financial products and services. The company also deals in securities, futures, and options; and provides securities advisory and asset management services, as well as the Magpie Invest app that allows to trade in securities on various stock exchanges. In addition, it conducts insurance brokerage and agency businesses; and offers a range of insurance products, including automobile, property and liability, life, and health insurance products. The company was formerly known as Micronet Enertec Technologies, Inc. and changed its name to MICT, Inc. in July 2018. MICT, Inc. was incorporated in 2002 and is based in Montvale, New Jersey.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 146.04M | 55.68M | 1.17M | 477.00K | 14.16M | 18.37M | 22.75M | 23.59M | 34.24M | 35.57M | 17.79M | 10.15M | 11.11M | 9.09M | 10.46M | 9.64M | 7.84M | 7.27M | 6.18M |
| Cost of Revenue | 81.24M | 46.46M | 1.23M | 846.00K | 10.65M | 14.09M | 18.60M | 16.28M | 24.18M | 22.30M | 13.79M | 6.30M | 6.18M | 6.85M | 7.55M | 7.10M | 5.68M | 5.26M | 4.13M |
| Gross Profit | 64.79M | 9.22M | -58.00K | -369.00K | 3.51M | 4.27M | 4.15M | 7.30M | 10.06M | 13.27M | 4.00M | 3.85M | 4.93M | 2.24M | 2.91M | 2.54M | 2.16M | 2.01M | 2.05M |
| Gross Profit Ratio | 44.37% | 16.56% | -4.94% | -77.36% | 24.78% | 23.26% | 18.24% | 30.96% | 29.38% | 37.31% | 22.48% | 37.94% | 44.35% | 24.66% | 27.83% | 26.32% | 27.59% | 27.62% | 33.13% |
| Research & Development | 1.69M | 889.00K | 484.00K | 255.00K | 1.91M | 1.96M | 2.32M | 2.45M | 2.81M | 2.68M | 777.00K | 240.00K | 250.00K | 251.00K | 143.00K | 244.00K | 399.00K | 379.00K | 0.00 |
| General & Administrative | 58.17M | 36.49M | 14.23M | 3.03M | 6.35M | 4.12M | 5.93M | 4.72M | 6.29M | 4.18M | 2.24M | 1.37M | 1.54M | 1.55M | 1.84M | 1.35M | 1.23M | 0.00 | 0.00 |
| Selling & Marketing | 11.14M | 6.81M | -38.00K | 198.00K | 1.58M | 1.88M | 1.94M | 1.53M | 1.95M | 1.17M | 752.00K | 350.00K | 307.00K | 150.00K | 194.00K | 193.00K | 110.00K | 0.00 | 0.00 |
| SG&A | 69.31M | 43.30M | 14.19M | 3.23M | 7.93M | 6.00M | 7.87M | 6.25M | 8.24M | 5.35M | 3.00M | 1.72M | 1.84M | 1.70M | 2.04M | 1.54M | 1.34M | 1.39M | 1.22M |
| Other Expenses | 5.59M | 2.93M | 1.85M | 20.00K | 1.30M | 978.00K | 926.00K | 1.12M | 850.00K | 657.00K | 551.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 76.58M | 47.12M | 16.52M | 3.50M | 11.13M | 8.94M | 11.12M | 9.82M | 11.89M | 8.68M | 4.32M | 1.96M | 2.09M | 1.95M | 2.18M | 1.78M | 1.74M | 1.77M | 1.22M |
| Cost & Expenses | 157.83M | 93.57M | 17.75M | 4.35M | 21.78M | 23.04M | 29.72M | 26.11M | 36.07M | 30.98M | 18.11M | 8.25M | 8.28M | 8.80M | 9.73M | 8.89M | 7.41M | 7.03M | 5.35M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 84.68M | 395.00K | -7.46M | -388.00K | -1.27M | -401.00K | -672.00K | -610.00K | -296.00K | -2.29M | 89.00K | 596.00K | -300.00K | 355.00K | 493.00K | -419.00K | -378.00K | 0.00 | 0.00 |
| Depreciation & Amortization | -86.09M | 3.09M | 1.78M | 88.00K | 1.42M | 1.32M | 1.37M | 1.60M | 1.38M | 984.00K | 779.00K | 66.00K | 23.00K | 65.00K | 111.00K | 144.00K | 84.00K | 148.00K | 146.00K |
| EBITDA | -11.79M | -34.74M | -29.00M | -4.50M | -1.85M | -7.25M | -5.24M | -1.56M | -816.00K | -1.31M | 6.15M | 1.94M | 1.45M | 304.00K | 792.00K | 475.00K | 103.00K | 103.00K | 550.00K |
| EBITDA Ratio | -8.07% | -62.39% | -2,472.29% | -943.40% | -13.08% | -39.45% | -23.03% | -6.61% | -2.38% | -3.68% | 34.57% | 19.16% | 13.03% | 3.34% | 7.57% | 4.93% | 1.31% | 1.42% | 8.91% |
| Operating Income | 74.29M | -37.82M | -16.58M | -3.87M | -9.09M | -4.67M | -6.97M | -2.52M | -1.84M | 4.59M | -325.00K | 1.89M | 2.83M | 292.00K | 732.00K | 756.00K | 428.00K | 238.00K | 825.00K |
| Operating Income Ratio | 50.87% | -67.94% | -1,413.38% | -811.11% | -64.16% | -25.42% | -30.64% | -10.69% | -5.36% | 12.91% | -1.83% | 18.66% | 25.49% | 3.21% | 7.00% | 7.84% | 5.46% | 3.27% | 13.36% |
| Total Other Income/Expenses | -84.68M | -1.13M | -7.38M | -884.00K | -1.27M | -401.00K | -672.00K | -610.00K | -296.00K | -2.30M | 4.72M | -611.00K | -305.00K | -404.00K | -493.00K | -419.00K | -372.00K | -269.00K | -230.00K |
| Income Before Tax | -10.39M | -38.95M | -23.96M | -4.75M | -10.35M | -5.07M | -7.64M | -3.13M | -2.13M | 2.30M | 4.39M | 1.28M | 2.53M | -112.00K | 239.00K | 337.00K | 56.00K | -31.00K | 595.00K |
| Income Before Tax Ratio | -7.12% | -69.96% | -2,042.80% | -996.44% | -73.11% | -27.61% | -33.59% | -13.27% | -6.23% | 6.46% | 24.69% | 12.64% | 22.74% | -1.23% | 2.28% | 3.50% | 0.71% | -0.43% | 9.63% |
| Income Tax Expense | -47.87M | -1.79M | -326.00K | 17.00K | 606.00K | -10.00K | -129.00K | -81.00K | 242.00K | 496.00K | -136.00K | -77.00K | 105.00K | 4.00K | 17.00K | 234.00K | 134.00K | 3.00K | 61.00K |
| Net Income | 37.47M | -37.16M | -22.99M | -4.22M | -2.61M | -8.16M | -5.81M | -2.47M | -2.14M | -495.00K | 5.42M | 1.36M | 1.62M | -120.00K | 171.00K | 97.00K | -115.00K | -48.00K | 343.00K |
| Net Income Ratio | 25.66% | -66.74% | -1,960.10% | -884.07% | -18.43% | -44.41% | -25.53% | -10.46% | -6.25% | -1.39% | 30.45% | 13.39% | 14.58% | -1.32% | 1.63% | 1.01% | -1.47% | -0.66% | 5.55% |
| EPS | 0.29 | -0.33 | -0.83 | -0.39 | -0.28 | -1.14 | -0.97 | -0.42 | -0.37 | -0.10 | 3.34 | 0.42 | 0.50 | -0.04 | 0.05 | 0.03 | -0.04 | -0.02 | 0.13 |
| EPS Diluted | 0.29 | -0.33 | -0.83 | -0.39 | -0.28 | -1.14 | -0.97 | -0.42 | -0.37 | -0.10 | 3.01 | 0.42 | 0.50 | -0.04 | 0.05 | 0.03 | -0.04 | -0.02 | 0.13 |
| Weighted Avg Shares Out | 129.35M | 112.56M | 27.62M | 10.70M | 9.17M | 7.13M | 5.97M | 5.86M | 5.83M | 5.09M | 1.62M | 3.24M | 3.24M | 3.24M | 3.24M | 3.24M | 3.24M | 2.95M | 2.74M |
| Weighted Avg Shares Out (Dil) | 129.35M | 112.56M | 27.62M | 10.70M | 9.17M | 7.13M | 5.97M | 5.86M | 5.83M | 5.09M | 1.80M | 3.24M | 3.24M | 3.24M | 3.24M | 3.24M | 3.24M | 2.95M | 2.74M |
MICT Beats on Q1 Earnings
MICT Inc (NASDAQ: MICT) reported first-quarter FY21 revenue of $8.9 million versus no revenue in the year-ago period, beating the analyst consensus of $3.43 million. The late December launch of the insurance division drove the revenue growth.
Recap: MICT Q1 Earnings
Shares of MICT (NASDAQ:MICT) moved higher by 6.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 73.33% year over year to ($0.04), which beat the estimate of ($0.05).
MICT Stock Price: Over 6% Increase Pre-Market Explanation
The stock price of MICT Inc (NASDAQ: MICT) increased by over 6% pre-market. This is why it happened.
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MICT, Inc. to Announce First Quarter Financial Results on Monday, May 24, 2021; Company to Hold Conference Call and Provide Corporate Update at 8:30 AM ET [Request for Submitted Questions for the Call]
MONTVALE, N.J., May 20, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the "Company"), today announced today announces it will report first quarter 2021 financial results on Monday, May 24, 2021 before the market opens.
MICT's filing of a registration statement today relates to registration of a portion of restricted shares previously issued, as well as the registration of a new shelf registration statement, and does not reflect a new issuance of stock
MONTVALE, N.J., May 17, 2021 (GLOBE NEWSWIRE) -- Today MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) filed an S-3 registration statement. The Company wishes to note that the filing is for dual purposes as follows: (i) registering a portion of the...
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MICT, Inc. Subsidiary Micronet, Inc. Secures Certification to Operate Its Smart Camera Product on T-Mobile's Global Mobile Network
MONTVALE, N.J., April 26, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the "Company"), today announced that on April 23, 2021 its majority-owned Micronet subsidiary secured certification to operate its smart camera product on T-Mobile's global mobile network.
MICT Stock: Over 10% Increase Pre-Market Explanation
The stock price of MICT Inc (NASDAQ: MICT) increased by over 10% pre-market. This is why it happened.
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