MICT, Inc. (MICT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
28 WEST GRAND AVENUE, SUITE 3 MONTVALE, NJ 07645 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 367 - Electronic Components And Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 94,930 | 29,049 | 3,154 | 2,174 | 2,114 | 3,646 | 8,004 | ||
| Cash and cash equivalents | 94,930 | 29,049 | 3,154 | 2,174 | 2,114 | 668 | 2,361 | ||
| Short-term investments | 2,978 | 5,643 | |||||||
| Receivables | 23,013 | 523 | (116) | 1,010 | 5,183 | 16,363 | 16,853 | ||
| Inventory, net of allowances, customer advances and progress billings | 2,002 | 4,345 | 4,979 | 5,758 | 7,457 | ||||
| Inventory | 2,002 | 4,345 | 4,979 | 5,758 | 7,457 | ||||
| Prepaid expense | 164 | 751 | 128 | 311 | |||||
| Assets held-in-trust | 11,656 | ||||||||
| Other current assets | 9,554 | 1,756 | 937 | 46 | 64 | 126 | 512 | ||
| Other undisclosed current assets | 442 | 129 | 561 | 328 | 397 | ||||
| Total current assets: | 127,497 | 33,330 | 4,417 | 7,868 | 25,308 | 26,349 | 33,534 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,921 | 291 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 677 | 552 | 29 | 661 | 910 | 1,641 | 1,816 | ||
| Long-term investments and receivables | 1,481 | 3,038 | 994 | ||||||
| Long-term investments | 1,481 | 3,038 | 994 | ||||||
| Intangible assets, net (including goodwill) | 34,151 | 39,779 | 434 | 2,960 | 3,847 | 4,763 | |||
| Goodwill | 19,788 | 22,405 | 1,466 | 1,466 | 1,466 | ||||
| Intangible assets, net (excluding goodwill) | 14,363 | 17,374 | 434 | 1,494 | 2,381 | 3,297 | |||
| Deposits noncurrent assets | 824 | 266 | 703 | 12 | 86 | 30 | |||
| Deferred income tax assets | 1,764 | ✕ | ✕ | ✕ | ✕ | ||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 542 | |||||
| Other undisclosed noncurrent assets | 9,496 | 477 | 477 | 477 | |||||
| Total noncurrent assets: | 50,314 | 44,403 | 1,500 | 2,275 | 4,424 | 5,574 | 6,609 | ||
| TOTAL ASSETS: | 177,811 | 77,733 | 5,917 | 10,143 | 29,732 | 31,923 | 40,143 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 14,416 | 838 | 1,531 | 3,973 | 4,130 | 5,710 | |||
| Accrued liabilities | 1,802 | 4 | 442 | 720 | 650 | 705 | |||
| Taxes payable | 365 | 409 | 345 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 12,249 | 834 | 1,089 | 3,253 | 3,071 | 4,660 | |||
| Debt | 1,657 | 884 | 3,282 | 4,420 | 10,941 | 12,049 | |||
| Due to related parties | 4 | 163 | 442 | 650 | 1,188 | 1,188 | |||
| Disposal group, including discontinued operation | 11,200 | ||||||||
| Other liabilities | 4,914 | 5,102 | 290 | 239 | 244 | 136 | 246 | ||
| Other undisclosed current liabilities | 4,399 | 3,058 | 1,759 | 3,225 | 1,050 | ||||
| Total current liabilities: | 25,390 | 6,987 | 290 | 8,552 | 22,246 | 19,620 | 20,243 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,856 | 631 | 2,375 | ||||||
| Long-term debt, excluding current maturities | 1,856 | 631 | 2,353 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | 22 | |||||
| Liabilities, other than long-term debt | 4,064 | 4,409 | 50 | 110 | 133 | 57 | 52 | ||
| Accounts payable and accrued liabilities | 56 | 153 | 50 | 110 | 133 | 57 | 52 | ||
| Deferred income tax liabilities | 3,952 | 4,256 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 56 | ||||||||
| Other undisclosed noncurrent liabilities | 635 | 641 | 477 | 477 | 748 | 1,288 | 17 | ||
| Total noncurrent liabilities: | 4,699 | 5,050 | 2,383 | 587 | 1,512 | 1,345 | 2,444 | ||
| Total liabilities: | 30,089 | 12,037 | 2,673 | 9,139 | 23,758 | 20,965 | 22,687 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 144,100 | 62,065 | 3,244 | (960) | 379 | 6,775 | 11,439 | ||
| Preferred stock | 2 | ||||||||
| Common stock | 122 | 68 | 11 | 9 | 8 | 6 | 6 | ||
| Additional paid in capital | 102,195 | 14,107 | 11,905 | 10,881 | 8,748 | 7,812 | |||
| Accumulated other comprehensive income (loss) | (414) | 70 | (117) | (363) | 11 | (196) | |||
| Retained earnings (accumulated deficit) | (76,394) | (39,966) | (16,974) | (12,757) | (10,147) | (1,990) | 3,817 | ||
| Other undisclosed stockholders' equity attributable to parent | 220,786 | (232) | 6,028 | ||||||
| Stockholders' equity attributable to noncontrolling interest | 3,622 | 3,631 | 1,964 | 5,595 | 4,183 | 6,017 | |||
| Total stockholders' equity: | 147,722 | 65,696 | 3,244 | 1,004 | 5,974 | 10,958 | 17,456 | ||
| TOTAL LIABILITIES AND EQUITY: | 177,811 | 77,733 | 5,917 | 10,143 | 29,732 | 31,923 | 40,143 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 55,676 | 1,173 | 477 | 14,162 | 18,366 | 22,748 | 23,587 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 23,587 | |||
| Other income | 1,261 | 200 | ||||||
| Cost of revenue | (46,456) | (1,231) | (846) | (10,652) | (14,094) | (18,598) | (16,284) | |
| Cost of goods and services sold | (953) | (16,284) | ||||||
| Gross profit: | 9,220 | (58) | (369) | 3,510 | 4,272 | 4,150 | 7,303 | |
| Operating expenses | (47,116) | (16,521) | (3,500) | (12,597) | (8,941) | (11,120) | (9,824) | |
| Operating loss: | (37,896) | (16,579) | (3,869) | (9,087) | (4,669) | (6,970) | (2,521) | |
| Nonoperating expense (Investment Income, Nonoperating) | (775) | |||||||
| Interest and debt expense | (334) | (610) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (38,671) | (16,579) | (3,869) | (9,421) | (4,669) | (6,970) | (3,131) | |
| Other undisclosed loss from continuing operations before income taxes | (278) | (7,383) | (884) | (933) | (401) | (672) | ||
| Loss from continuing operations before income taxes: | (38,949) | (23,962) | (4,753) | (10,354) | (5,070) | (7,642) | (3,131) | |
| Income tax expense (benefit) | 1,791 | 326 | (17) | (606) | 10 | 129 | 81 | |
| Loss before gain (loss) on sale of properties: | (37,158) | (23,636) | (4,770) | (10,960) | (5,060) | (7,513) | (3,050) | |
| Other undisclosed net income (loss) | 4,894 | (4,901) | ||||||
| Net loss: | (37,158) | (23,636) | (4,770) | (6,066) | (9,961) | (7,513) | (3,050) | |
| Net income attributable to noncontrolling interest | 583 | |||||||
| Other undisclosed net income attributable to parent | 730 | 644 | 553 | 3,456 | 1,804 | 1,706 | ||
| Net loss attributable to parent: | (36,428) | (22,992) | (4,217) | (2,610) | (8,157) | (5,807) | (2,467) | |
| Other undisclosed net loss available to common stockholders, basic | (730) | |||||||
| Net loss available to common stockholders, diluted: | (37,158) | (22,992) | (4,217) | (2,610) | (8,157) | (5,807) | (2,467) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (37,158) | (23,636) | (4,770) | (6,066) | (9,961) | (7,513) | (3,050) | |
| Other comprehensive loss | (37,376) | (70) | (3,077) | |||||
| Comprehensive loss: | (74,534) | (23,636) | (4,840) | (6,066) | (9,961) | (7,513) | (6,127) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 926 | 328 | 463 | 3,631 | 1,062 | 1,834 | 672 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (524) | (469) | (3,766) | (844) | (1,755) | |||
| Comprehensive loss, net of tax, attributable to parent: | (73,608) | (23,832) | (4,846) | (6,201) | (9,743) | (7,434) | (5,455) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.