MICT, Inc. operates through its subsidiaries, GFH Intermediate Holdings Ltd. ('GFHI') and Micronet Ltd. ('Micronet'). GFHI's versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage for equities trading and sales of insurance products in several high-growth foreign markets including Asia where GFHI owns a substantial propriety database of users. Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments.
Company profile
Ticker
TIO
Exchange
Website
CEO
Darren Christian Mercer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LAPIS TECHNOLOGIES INC, MICRONET ENERTEC TECHNOLOGIES, INC., MICT, Inc.
SEC CIK
Corporate docs
Subsidiaries
MICT Telematics ltd • MICT Management ltd • MICRONET ltd • MICRONET INC • GFH Intermediate Holdings Ltd. • BI Intermediate (Hong Kong) Limited • Magpie Securities Limited • Magpie Securities (Singapore) PTE. Ltd. • Mapie Securities (Australia) Pty Ltd. • Magpie Forex Limited ...
IRS number
270016420
TIO stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
31 Mar 23
8-K
Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results
31 Mar 23
DEFA14A
Additional proxy soliciting materials
14 Mar 23
8-K
Regulation FD Disclosure
14 Mar 23
8-K
Amendments to Articles of Incorporation or Bylaws
1 Mar 23
8-K
Aims to be the Largest Food Processing Facility in Africa, Completing the Tingo Agricultural and Food Eco-System from Seed to Sale
15 Feb 23
PRE 14A
Preliminary proxy
15 Feb 23
8-K
Departure of Directors or Certain Officers
9 Feb 23
8-K/A
Financial Statements and Exhibits
9 Feb 23
8-K
Mict Announces Warrant Repurchase Agreement
3 Feb 23
Transcripts
TIO
Earnings call transcript
2021 Q3
15 Nov 21
TIO
Earnings call transcript
2021 Q2
16 Aug 21
TIO
Earnings call transcript
2021 Q1
24 May 21
TIO
Earnings call transcript
2020 Q4
31 Mar 21
TIO
Earnings call transcript
2020 Q3
19 Nov 20
TIO
Earnings call transcript
2020 Q2
17 Aug 20
TIO
Earnings call transcript
2020 Q1
16 Jun 20
TIO
Earnings call transcript
2019 Q3
15 Nov 19
TIO
Earnings call transcript
2019 Q2
14 Aug 19
TIO
Earnings call transcript
2019 Q1
21 May 19
Latest ownership filings
5
Annual statement of changes in insider ownership
14 Feb 23
4
Robert John Benton
9 Feb 23
4
Shamian Moran Rachel Amran
9 Feb 23
4
Kevin Hao Chen
9 Feb 23
4
Kenneth I Denos
9 Feb 23
4
John McMillan Scott
9 Feb 23
4
JOHN J BROWN
9 Feb 23
4
David Trippier
9 Feb 23
4
Darren Mercer
9 Feb 23
3
Kenneth I Denos
19 Dec 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.00 bn | 1.00 bn | 1.00 bn | 1.00 bn | 1.00 bn | 1.00 bn |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 870.00 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 2.68 mm | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 1.00 bn | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 1149.6 | n/a | n/a |
Institutional ownership, Q4 2022
24.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 30 |
| Opened positions | 10 |
| Closed positions | 1 |
| Increased positions | 10 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 7.00 bn |
| Total shares | 10.00 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 4.74 mm | $3.94 bn |
| BLK Blackrock | 1.96 mm | $1.63 bn |
| Geode Capital Management | 1.02 mm | $846.00 k |
| MS Morgan Stanley | 445.94 k | $370.13 mm |
| STT State Street | 355.02 k | $294.67 mm |
| Cross Staff Investments | 250.00 k | $207.50 mm |
| Renaissance Technologies | 220.52 k | $183.00 k |
| Cantor Fitzgerald, L. P. | 214.73 k | $178.00 k |
| NTRS Northern Trust | 195.60 k | $162.35 mm |
| Lakeview Capital Partners | 187.80 k | $200.95 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 Feb 23 | Darren Mercer | Common Stock | Grant | Acquire A | No | No | 0 | 3,200,000 | 0.00 | 18,820,939 |
| 5 Feb 23 | David Trippier | Common Stock | Grant | Acquire A | No | No | 0 | 60,000 | 0.00 | 100,000 |
| 5 Feb 23 | John J Brown | Common Stock | Grant | Acquire A | No | No | 0 | 45,000 | 0.00 | 45,000 |
| 5 Feb 23 | Scott John McMillan | Common Stock | Grant | Acquire A | No | No | 0 | 110,000 | 0.00 | 410,000 |
| 5 Feb 23 | Kenneth I Denos | Common Stock | Grant | Acquire A | No | No | 0 | 45,000 | 0.00 | 45,000 |
News
12 Information Technology Stocks Moving In Friday's Intraday Session
31 Mar 23
Last Day Of Q1
31 Mar 23
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
8 Mar 23
MICT Announces Rebranding And Name Change To Tingo Group, Inc.; Stock Symbol To Change To NASDAQ: "TIO" Effective Prior To Market Open On Monday, February 27, 2023
24 Feb 23
MICT, Through its Wholly Owned Subsidiary Tingo Foods Plc, Signs Partnership Agreement With Evtec Energy Plc To Build Zero Emission Solar Energy Plant To Power Food Processing Facility
22 Feb 23
Press releases
Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results
31 Mar 23
Tingo Group to Host Fourth Quarter and Full Year 2022 Results Conference Call on Friday March 31, 2023 at 8:00 a.m. Eastern Time
27 Mar 23
MICT Announces Rebranding and Name Change to Tingo Group, Inc.
24 Feb 23
MICT, Through its Wholly Owned Subsidiary Tingo Foods Plc, Signs Partnership Agreement with Evtec Energy Plc to Build Zero Emission Solar Energy Plant to Power Food Processing Facility
22 Feb 23
Visa and Tingo Mobile, an MICT subsidiary, Launch Partnership to Promote Financial Inclusion and Expand Access to Digital Payment Channels Across Africa
14 Feb 23