Company research
Tingo Group, Inc.
CIK 854800Updated Sep 26, 2026
Securities
Name history
MICT, Inc. · through Feb 15, 2023MICRONET ENERTEC TECHNOLOGIES, INC. · through Jul 13, 2018LAPIS TECHNOLOGIES INC · through Mar 12, 2013
MICT price & chart
Historical security
This listing closed Feb 24, 2023. Live provider charts are shown only for current listings.
In the news
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Recent filings
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Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,682,358,000Source | 177,811,000Source | 77,733,000Source | 5,917,000Source |
| Property, Plant and Equipment, NetUSD | 855,125,000Source | 677,000Source | 552,000Source | 29,000Source |
| GoodwillUSD | 101,247,000Source | 19,788,000Source | 22,405,000Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 185,407,000Source | 14,363,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 500,316,000Source | 94,930,000Source | 29,049,000Source | 3,154,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 11,541,000Source | 17,879,000Source | 523,000Source | — |
| Inventory, NetUSD | 10,391,000Source | — | 2,002,000Source | — |
| Assets, CurrentUSD | 531,176,000Source | 127,497,000Source | 33,330,000Source | 4,417,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,260,000Source | 1,921,000Source | 291,000Source | — |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 3,000Source | — | — | 2,000Source |
| Common Stock, Value, IssuedUSD | 158,000Source | 122,000Source | 68,000Source | 11,000Source |
| Additional Paid in CapitalUSD | 889,579,000Source | — | 102,195,000Source | 14,107,000Source |
| Retained Earnings (Accumulated Deficit)USD | -123,463,000Source | -76,394,000Source | -39,966,000Source | -16,974,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 4,367,000Source | -414,000Source | — | 70,000Source |
| Stockholders' Equity Attributable to ParentUSD | 770,644,000Source | 144,100,000Source | 62,065,000Source | 3,244,000Source |
| Liabilities and EquityUSD | 1,682,358,000Source | 177,811,000Source | 77,733,000Source | 5,917,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 265,395,000Source | 25,390,000Source | 6,987,000Source | 290,000Source |
| Operating Lease, Liability, CurrentUSD | 1,215,000Source | 1,298,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 89,597,000Source | 3,952,000Source | 4,256,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,355,000Source | 3,622,000Source | 3,631,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,431,000Source | 1,802,000Source | — | 254,000Source |
| Deferred Tax Liabilities, NetUSD | — | 4,308,000Source | 4,308,000Source | — |
| Long-term DebtUSD | 377,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -48,611,000Source | -37,158,000Source | -23,636,000Source | -4,770,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 208,000Source | 711,000Source | 4,479,000Source | 594,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 199,000Source | -672,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | 5,000Source | -348,000Source |
| Deferred Income Tax Expense (Benefit)USD | 37,474,000Source | -1,791,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 46,011,000Source | -33,025,000Source | -8,300,000Source | -3,797,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 608,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 366,961,000Source | -8,853,000Source | -3,279,000Source | -1,040,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 39,645,000Source | 689,000Source | — | 57,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -10,715,000Source | 109,602,000Source | 37,430,000Source | 5,878,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 403,513,000Source | 67,821,000Source | 25,851,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 2,417,000Source | 29,049,000Source | 3,199,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 6,000Source | 44,000Source | 41,000Source | 387,000Source |
| Income Taxes Paid, NetUSD | — | 146,000Source | 26,000Source | 21,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,256,000Source | 97,000Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 208,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 5,590,000Source | 2,925,000Source | 1,847,000Source | 20,000Source |
| DepreciationUSD | — | — | 122,000Source | 88,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | -21,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | 353,000Source | — | — |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | 299,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | — | 6,800,000Source |
| General and Administrative ExpenseUSD | 58,165,000Source | 36,488,000Source | 14,228,000Source | 3,027,000Source |
| GoodwillUSD | 101,247,000Source | 19,788,000Source | 22,405,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -37,158,000Source | -23,636,000Source | -4,770,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -746,000Source | 353,000Source | — | — |
| Income Tax Expense (Benefit)USD | 37,474,000Source | -1,791,000Source | -326,000Source | 17,000Source |
| Net Income (Loss) Attributable to ParentUSD | -47,069,000Source | -36,428,000Source | -22,992,000Source | -4,217,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | -37,158,000Source | -664,000Source | -553,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -37,158,000Source | -22,992,000Source | -4,217,000Source |
| Operating ExpensesUSD | 76,584,000Source | 47,116,000Source | 16,521,000Source | 3,500,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 80,000Source | 2,367,000Source | — |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 146,035,000Source | 55,676,000Source | 1,173,000Source | 477,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -11,792,000Source | -37,896,000Source | -16,579,000Source | -3,869,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,391,000Source | -38,949,000Source | -23,962,000Source | -4,753,000Source |
| Income Tax Expense (Benefit)USD | 37,474,000Source | -1,791,000Source | -326,000Source | 17,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | -37,158,000Source | -664,000Source | -553,000Source |
| Net Income (Loss) Attributable to ParentUSD | -47,069,000Source | -36,428,000Source | -22,992,000Source | -4,217,000Source |
| Earnings Per Share, BasicUSD per share | -0.36Source | -0.32Source | -0.83Source | — |
| Earnings Per Share, DilutedUSD per share | -0.36Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 129,345,764Source | 112,562,199Source | 27,623,175Source | 10,697,329Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 129,345,764Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 5,590,000Source | 2,925,000Source | 1,847,000Source | 20,000Source |
| Current Income Tax Expense (Benefit)USD | 6,596,000Source | 565,000Source | — | -17,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 39,766,000Source | 3,088,000Source | 1,780,000Source | 88,000Source |
| Gain (Loss) on InvestmentsUSD | — | 353,000Source | — | — |
| General and Administrative ExpenseUSD | 58,165,000Source | 36,488,000Source | 14,228,000Source | 3,027,000Source |
| Gross ProfitUSD | 64,792,000Source | 9,220,000Source | -58,000Source | -369,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -25,346,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -37,158,000Source | -23,636,000Source | -4,770,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -83Source | -0.39Source |
| Income (Loss) from Equity Method InvestmentsUSD | -746,000Source | 353,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -37,158,000Source | -22,992,000Source | -4,217,000Source |
| Operating ExpensesUSD | 76,584,000Source | 47,116,000Source | 16,521,000Source | 3,500,000Source |
| Other IncomeUSD | 2,151,000Source | 1,261,000Source | 200,000Source | — |
| Research and Development ExpenseUSD | 1,689,000Source | 889,000Source | 484,000Source | 255,000Source |
| Selling and Marketing ExpenseUSD | 11,140,000Source | — | — | 198,000Source |