Tingo Group, Inc. financial data

Symbol
TIOG on OTC
Industry
Food and Kindred Products
Location
28 West Grand Avenue, Suite 3, Montvale, NJ
State of incorporation
DE
Fiscal year end
December 31
Former names
MICT, Inc. (to 2/15/2023), MICRONET ENERTEC TECHNOLOGIES, INC. (to 7/13/2018), LAPIS TECHNOLOGIES INC (to 3/12/2013)
Latest financial report
10-Q - Q3 2023 - Nov 20, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 184 % -64.7%
Debt-to-equity 19.7 %
Return On Equity 28.5 %
Return On Assets 12.7 %
Operating Margin 20.3 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 242M shares
Common Stock, Shares, Outstanding 236M shares +82.4%
Entity Public Float 59.8M USD -64.6%
Common Stock, Value, Issued 236K USD +82.9%
Weighted Average Number of Shares Outstanding, Basic 196M shares +51.3%
Weighted Average Number of Shares Outstanding, Diluted 533M shares +311%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.53B USD +4836%
Cost of Revenue 1.6B USD +3816%
Research and Development Expense 1.19M USD -14%
Selling and Marketing Expense 181M USD -45%
General and Administrative Expense 156M USD +283%
Operating Income (Loss) 513M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 480M USD
Income Tax Expense (Benefit) 16.7M USD
Net Income (Loss) Attributable to Parent 138M USD
Earnings Per Share, Basic 1.68 USD/shares
Earnings Per Share, Diluted 0.43 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 53.4M USD
Accounts Receivable, after Allowance for Credit Loss, Current 359M USD +3854%
Inventory, Net 143K USD
Other Assets, Current 200M USD +1842%
Assets, Current 622M USD +546%
Deferred Income Tax Assets, Net 3.55M USD +40.2%
Property, Plant and Equipment, Net 611K USD -3.17%
Operating Lease, Right-of-Use Asset 1.13M USD -33.8%
Intangible Assets, Net (Excluding Goodwill) 281M USD +1374%
Goodwill 212M USD +971%
Assets 1.93B USD +1238%
Accounts Payable, Current 263M USD
Accrued Liabilities, Current 2.43M USD +34.9%
Liabilities, Current 458M USD +2228%
Deferred Income Tax Liabilities, Net 105M USD +3057%
Operating Lease, Liability, Noncurrent 382K USD -49.9%
Other Liabilities, Noncurrent 640K USD
Liabilities 23.8M USD -20.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -31.4M USD -6995%
Retained Earnings (Accumulated Deficit) 171M USD
Stockholders' Equity Attributable to Parent 601M USD +412%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 601M USD +400%
Liabilities and Equity 1.93B USD +1238%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 243M USD
Net Cash Provided by (Used in) Financing Activities -8.27M USD -59200%
Net Cash Provided by (Used in) Investing Activities 56.8M USD
Common Stock, Shares Authorized 750M shares +200%
Common Stock, Shares, Issued 236M shares +82.4%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 280M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 70.7M USD -32.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 666K USD +11000%
Deferred Tax Assets, Valuation Allowance 41.2M USD +151%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 1.07M USD
Payments to Acquire Property, Plant, and Equipment 3K USD -93.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 22.4M USD
Lessee, Operating Lease, Liability, to be Paid 1.13M USD -41%
Property, Plant and Equipment, Gross 1.48B USD +123303%
Operating Lease, Liability, Current 690K USD -32.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 260K USD -78.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 556K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) 116M USD -408%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 54K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 19K USD -96.9%
Deferred Tax Assets, Operating Loss Carryforwards 40.3M USD +120%
Current Income Tax Expense (Benefit) 20.3M USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 15K USD -80.5%
Operating Lease, Payments 68.2M USD
Additional Paid in Capital 949M USD +322%
Current State and Local Tax Expense (Benefit) 84K USD -65.9%
Amortization of Intangible Assets 38.8M USD +1193%
Deferred Tax Assets, Net of Valuation Allowance 3.55M USD +40.2%
Share-based Payment Arrangement, Expense 24K USD -78.2%