See more : INTEGRA SWITCHGEAR LTD. (INTEGSW.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 Announces Closing of $60 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
MONTVALE, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (the "Company"), today announced that it closed its previously announced registered direct offering of (i) 22,471,904 shares of common stock, (ii) 22,471,904 Series A Warrants to purchase 22,471,904 shares of common...
MICT Announces $60 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
MONTVALE, N.J., Feb. 11, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (the "Company"), today announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of (i) 22,471,904 shares of common stock, (ii) 22,471,904 Series A...
MICT Signs New Financial Services Partnership for Commodity Trading and Futures
MICT Partners with Leading Chinese Oil & Gas Exchange to Launch Pioneering Financial Services Initially for Oil and Gas Futures and Commodity Exchange Trading
MICT Strategic Acquisition Secures Valuable Nationwide License to Enable Significant Expansion of Insurance Business in China
Following December's revenue ramp and significant growth in January, the new acquisition paves the way for considerable broadening of product range, accelerated distribution growth and margin and revenue expansion
MICT's Subsidiary Micronet Secures a Significant Follow-On Order with One of the World's Largest Telematics Service Providers
World leading telematics provider places significant follow-on order for 5,000 units of Micronet's SmartCam product World leading telematics provider places significant follow-on order for 5,000 units of Micronet's SmartCam product
Today's MICT filing of a resale registration statement amendment relates to the registration of a portion of the restricted shares in issue and does not reflect a new issuance of stock
MONTVALE, N.J., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Today MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) filed an amendment to the resale registration statement filing made on Friday, December 18, 2020. The Company wishes to clarify the purpose of the filing of...
MICT Moves Core Operations to Hong Kong to Better Reflect Customer and Revenue Base
Insurance product business off to a strong start as the company anticipates the launch of its stock trading platform Insurance product business off to a strong start as the company anticipates the launch of its stock trading platform
MICT Launches Insurance Platform in China Ahead of Anticipated Scheduled Timeline
Recently filed resale registration statement does not reflect new issuance of stock but resale of a portion of outstanding restricted shares Recently filed resale registration statement does not reflect new issuance of stock but resale of a portion of outstanding...
MICT's Insurance Division Signs Contracts Expected to Generate Significant Recurring Monthly Revenues
MONTVALE, N.J., Nov. 23, 2020 /PRNewswire/—MICT, Inc. (Nasdaq: MICT) (the Company), today announced that its wholly-owned subsidiary GFH Intermediate Holdings Ltd. (GFHI), through an indirect wholly-owned operating company, signed a number of significant new insurance agency contracts...
MICT's (MICT) CEO Darren Mercer on Q3 2020 Results - Earnings Call Transcript
MICT's (MICT) CEO Darren Mercer on Q3 2020 Results - Earnings Call Transcript
Source: https://incomestatements.info
Category: Stock Reports