See more : ENvizion Medical Ltd. (ENVM.TA) Income Statement Analysis – Financial Results
Complete financial analysis of Tingo Group, Inc. (TIOG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tingo Group, Inc., a leading company in the Software – Application industry within the Technology sector.
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Tingo Group, Inc. (TIOG)
About Tingo Group, Inc.
Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a service and pre-loaded platform product; Nwassa platform, a digital agriculture ecosystem that empowers rural farmers and agri-businesses; and insurance platform, an online automobile insurance after-market service to connect automobile insurance customers with auto repair shops and auto wash stores nationwide, as well as provide customers auto membership services, including online gas card recharge, online shopping, insurance claim settlements, roadside assistance, car wash appointment and maintenance and promotion coupons, insurance loyalty points, and other related supporting services for insurance members. The company also offers TingoPay, a B2C and B2B fintech platform and super-app that offers payment services, an e-wallet, foreign exchange, and merchant services; Tingo Foods, a food processing business that processes raw foods into finished products such as rice, pasta, and noodles; and Tingo DMCC, a commodity trading platform and agricultural commodities export business. In addition, it provides Magpie Invest, a proprietary technology investment trading platform offers margin financing services, as well as offers smart phone leasing, an agri-marketplace, airtime top ups, utility payment services, bill-pay and e-wallet, insurance products, and access to finance and lending services. The company was formerly known as MICT, Inc. and changed its name to Tingo Group, Inc. in February 2023. Tingo Group, Inc. is based in Montvale, New Jersey.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 146.04M | 55.68M | 1.17M | 477.00K | 14.16M | 18.37M | 13.28M |
| Cost of Revenue | 86.83M | 49.38M | 3.08M | 866.00K | 11.95M | 15.07M | 11.58M |
| Gross Profit | 59.20M | 6.30M | -1.91M | -389.00K | 2.21M | 3.29M | 1.70M |
| Gross Profit Ratio | 40.54% | 11.31% | -162.40% | -81.55% | 15.62% | 17.94% | 12.80% |
| Research & Development | 1.69M | 889.00K | 484.00K | 255.00K | 1.91M | 1.96M | 1.80M |
| General & Administrative | 58.17M | 36.49M | 14.23M | 3.03M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 11.14M | 6.81M | -38.00K | 198.00K | 0.00 | 0.00 | 0.00 |
| SG&A | 69.31M | 43.00M | 14.19M | 3.23M | 7.93M | 6.00M | 5.89M |
| Other Expenses | 0.00 | 1.26M | 200.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 70.85M | 43.89M | 14.67M | 3.48M | 9.83M | 7.96M | 7.69M |
| Cost & Expenses | 157.83M | 93.27M | 17.75M | 4.35M | 21.78M | 23.04M | 19.27M |
| Interest Income | 0.00 | 395.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 750.00K | 0.00 | 7.46M | 388.00K | 1.27M | 401.00K | 319.00K |
| Depreciation & Amortization | 39.77M | 3.09M | 1.97M | 108.00K | 1.61M | 1.32M | 1.27M |
| EBITDA | 27.97M | -34.51M | -14.61M | -3.76M | -6.20M | -3.35M | -4.72M |
| EBITDA Ratio | 19.16% | -61.97% | -1,245.52% | -788.47% | -42.44% | -18.22% | -35.53% |
| Operating Income | -11.79M | -37.59M | -16.58M | -3.87M | -7.62M | -4.67M | -5.99M |
| Operating Income Ratio | -8.07% | -67.52% | -1,413.38% | -811.11% | -53.81% | -25.42% | -45.08% |
| Total Other Income/Expenses | 1.40M | -1.71M | -7.38M | -884.00K | -2.73M | -401.00K | -319.00K |
| Income Before Tax | -10.39M | -39.30M | -23.96M | -4.75M | -10.35M | -5.07M | -6.31M |
| Income Before Tax Ratio | -7.12% | -70.59% | -2,042.80% | -996.44% | -73.11% | -27.61% | -47.48% |
| Income Tax Expense | 37.47M | -1.79M | -326.00K | 17.00K | 606.00K | -10.00K | -45.00K |
| Net Income | -47.07M | -36.43M | -22.99M | -4.22M | -9.45M | -8.16M | -5.81M |
| Net Income Ratio | -32.23% | -65.43% | -1,960.10% | -884.07% | -66.76% | -44.41% | -43.71% |
| EPS | -0.36 | -0.32 | -0.83 | -0.39 | -1.03 | -1.14 | -0.97 |
| EPS Diluted | -0.36 | -0.32 | -0.83 | -0.39 | -1.03 | -1.14 | -0.97 |
| Weighted Avg Shares Out | 129.35M | 112.56M | 27.62M | 10.70M | 9.17M | 7.13M | 5.97M |
| Weighted Avg Shares Out (Dil) | 129.35M | 112.56M | 27.62M | 10.70M | 9.17M | 7.13M | 5.97M |
Source: https://incomestatements.info
Category: Stock Reports