MICT - Earnings announcements

Revenue Increased 15% Quarter-over-Quarter to $13.8 Million Gross Profit from Insurance Business of $3.2 Million Increased 54% Quarter-Over-Quarter and 16% Year-over-Year Gross Margin of Insurance Business Increased to a Company Record 23% Acquisition of Tingo on Track for Completion by November 30, 2022 Tingo, Inc. Reports Q3 2022 Revenues of $291.7 Million and Income Before Tax and Share Based Payments of $160.6 Million MONTVALE, N.J., Nov. 14, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the third quarter ended September 30, 2022. Q3 2022 Highlights and Recent Developments Insurance reve

MONTVALE, N.J., Aug. 22, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the second quarter ended June 30, 2022. Q2 2022 Highlights and Recent Developments Insurance revenues for Q2 2022 amounted to $11.95 million, up 25% on Q1 2022 revenues, despite the impact of ongoing COVID lockdown protocols in China.Gross profit margins in the insurance business also improved during Q2 2022, increasing to 17.4% compared to 13.0% in Q1 2022, due to the combination of higher revenues and a focus on writing more profitable business.Improving revenues and margins helped the insurance business reduce its EBITDA losses in Q2 2022 to aroun

MONTVALE, N.J., July 25, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the first quarter ended March 31, 2022. Q1 2022 Highlights and Recent Developments Insurance business revenue for Q1 2022 amounted to $9.5m, up 16% against the year ago period, although overall revenues were impacted by strict COVID lockdown protocols in China.B2B2C activities anticipated to launch during Q3 2022 through partnerships with several of China's largest companies.Insurance business is seeing significant improvement as China begins to open after months of lockdowns, pursuant to which it expects to achieve profitability and a cash posit

$9.2M in Gross Profit by Insurance Business for Full Year 2021, of which $3.9M in Gross Profit Was Delivered in Q4, Equating to Quarter-over-Quarter Growth of 39.3% Due Diligence on Tingo Inc. Has Been Completed and The Merger Agreement Updated and Reaffirmed MONTVALE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2021. Year End 2021 Highlights and Recent Developments Announced definitive merger agreement with Tingo Inc. ("Tingo"), which on May 16, 2022 announced total revenues for Q1 2022 of $257.1m, operating income of $65.5m and Non-GAAP adjust

Management to Conduct Conference Call Today, November 15, 2021 at 8:30AM ET MONTVALE, N.J., Nov. 15, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the third quarter ended September 30, 2021. Q3 2021 Highlights and Recent Developments Insurance business revenues increased to $18.5 million, up 50% over the second quarter, driven primarily from B2B salesGross profit increased to $2.7 million, up 312% over the second quarterNon-GAAP net loss was $3.1 million, down from $8.9 million for Q2Company obtained further licences, allowing it to distribute insurance products nationwide for B2B, and for the first time B2B2C a

MONTVALE, N.J., Nov. 10, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), announces today it will report third quarter 2021 financial results on Monday, November 15, 2021 before the market opens. Management will then host a conference call on Monday, November 15 at 8:30 a.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Participants are asked to pre-register for the call through the following link: https://dpregister.com/sreg/10162012/efb1f72c34. Please note that registered participants will receive their dial in number upon reg

Management to Conduct Conference Call Today, August 16, 2021 at 8:30AM ET MONTVALE, N.J., Aug. 16, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the second quarter ended June 30, 2021. Q2 2021 Highlights and Recent Developments Insurance business revenues increased 50% over the first quarter to $12.3m versus $8.2m, all from B2B sales.Total consolidated revenues increased 38% quarter over quarterCurrently in final stages of testing for Magpie stock trading platform in preparation for full launch in mid-SeptemberCommodities trading platform anticipated to launc

MONTVALE, N.J., Aug. 09, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), announces today it will report second quarter 2021 financial results on Monday, August 16, 2021 before the market opens. Management will then host a conference call on Monday, August 16 at 8:30 a.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Participants are asked to pre-register for the call through the following link: https://dpregister.com/sreg/10159526/ec56347ab0. Please note that registered participants will receive their dial in number upon registration and will di

MONTVALE, N.J., May 24, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT), (the "Company"), today announced its financial results for the first quarter ended March 31, 2021. Q1 2021 Highlights and Recent Developments Acquired a nationwide license in China enabling the Company to offer broad range of insurance brokerage products and services through the acquisition of Beijing Fucheng, a Chinese insurance brokerage firm and its trading subsidiaryAchieved regulatory approval from the Hong Kong SFC to enable the acquisition of Huapei Global Securities, and allowing us to launch our stock trading platform to trade securities on major stock exchanges in Hong Kong, the United States