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
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 68,351 | 76,053 | 86,447 | 94,930 | 105,289 | 114,183 | 123,403 | ||
| Cash and cash equivalents | 68,351 | 76,053 | 86,447 | 94,930 | 105,289 | 114,183 | 123,403 | ||
| Receivables | 17,617 | 19,383 | 18,538 | 23,013 | 22,811 | 17,282 | 9,456 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,935 | ||||||||
| Inventory | 1,935 | ||||||||
| Assets held-for-sale, not part of disposal group | 449 | ||||||||
| Other current assets | 10,319 | 8,096 | 10,194 | 9,554 | 10,214 | 2,314 | 2,918 | ||
| Total current assets: | 96,287 | 103,532 | 115,179 | 127,497 | 138,314 | 133,779 | 138,161 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,711 | 1,583 | 1,597 | 1,921 | 2,657 | 2,689 | 564 | ||
| Property, plant and equipment | 611 | 666 | 651 | 677 | 631 | 261 | 466 | ||
| Long-term investments and receivables | 924 | 1,110 | 1,297 | 1,481 | 1,764 | 965 | |||
| Long-term investments | 924 | 1,110 | 1,297 | 1,481 | 1,764 | 965 | |||
| Intangible assets, net (including goodwill) | 38,847 | 39,636 | 40,436 | 34,151 | 38,596 | 39,281 | 44,354 | ||
| Goodwill | 19,788 | 19,788 | 19,788 | 19,788 | 19,788 | 19,788 | 27,219 | ||
| Intangible assets, net (excluding goodwill) | 19,059 | 19,848 | 20,648 | 14,363 | 18,808 | 19,493 | 17,135 | ||
| Deposits noncurrent assets | 508 | 618 | 621 | 824 | 188 | 172 | 283 | ||
| Restricted cash and investments | 2,388 | ||||||||
| Deferred income tax assets | 2,893 | 2,531 | 2,634 | 1,764 | |||||
| Other undisclosed noncurrent assets | 2,299 | 2,429 | 9,496 | 477 | 477 | ||||
| Total noncurrent assets: | 47,882 | 48,443 | 49,665 | 50,314 | 43,836 | 43,845 | 46,144 | ||
| TOTAL ASSETS: | 144,169 | 151,975 | 164,844 | 177,811 | 182,150 | 177,624 | 184,305 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 8,536 | 8,328 | 10,823 | 14,416 | 18,520 | 11,798 | 5,909 | ||
| Accounts payable | 8,536 | ||||||||
| Accrued liabilities | 1,802 | ||||||||
| Taxes payable | 365 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 8,328 | 10,823 | 12,249 | 18,520 | 11,798 | 5,909 | |||
| Debt | 761 | 922 | 1,138 | 1,657 | 660 | ||||
| Due to related parties | 728 | 256 | 264 | 4 | |||||
| Other liabilities | 7,121 | 6,606 | 5,313 | 4,914 | 5,241 | 3,489 | 5,249 | ||
| Other undisclosed current liabilities | 2,520 | 2,505 | 3,982 | 4,399 | 1,573 | ||||
| Total current liabilities: | 19,666 | 18,617 | 21,520 | 25,390 | 25,334 | 15,287 | 11,818 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 763 | ||||||||
| Operating lease, liability | 763 | ||||||||
| Liabilities, other than long-term debt | 3,389 | 3,594 | 3,804 | 4,064 | 3,377 | 3,567 | 4,197 | ||
| Accounts payable and accrued liabilities | 49 | 50 | 55 | 56 | 54 | 54 | 148 | ||
| Deferred income tax liabilities | 3,340 | 3,544 | 3,749 | 3,952 | 3,323 | 3,513 | 4,049 | ||
| Liability, pension and other postretirement and postemployment benefits | 56 | ||||||||
| Other undisclosed noncurrent liabilities | 699 | 601 | 635 | 1,132 | 3,010 | 809 | |||
| Total noncurrent liabilities: | 4,152 | 4,293 | 4,405 | 4,699 | 4,509 | 6,577 | 5,006 | ||
| Total liabilities: | 23,818 | 22,910 | 25,925 | 30,089 | 29,843 | 21,864 | 16,824 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 117,408 | 125,674 | 135,510 | 144,100 | 152,308 | 155,760 | 164,489 | ||
| Common stock | 129 | 129 | 122 | 122 | 122 | 121 | 114 | ||
| Additional paid in capital | 224,889 | 224,838 | 220,911 | 208,428 | |||||
| Accumulated other comprehensive income (loss) | (522) | 124 | (443) | (414) | (323) | 89 | |||
| Accumulated deficit | (107,088) | (99,417) | (85,080) | (76,394) | (68,151) | (62,823) | (44,427) | ||
| Other undisclosed stockholders' equity attributable to parent | 220,786 | 220,660 | 218,373 | 374 | |||||
| Stockholders' equity attributable to noncontrolling interest | 2,943 | 3,391 | 3,409 | 3,622 | (1) | 2,992 | |||
| Total stockholders' equity: | 120,351 | 129,065 | 138,919 | 147,722 | 152,307 | 155,760 | 167,481 | ||
| TOTAL LIABILITIES AND EQUITY: | 144,169 | 151,975 | 164,844 | 177,811 | 182,150 | 177,624 | 184,305 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,757 | 11,958 | 9,563 | 15,885 | 18,515 | 12,341 | 8,935 | |
| Cost of revenue | (10,563) | (9,885) | (8,298) | (12,020) | (15,769) | (11,675) | (6,992) | |
| Gross profit: | 3,194 | 2,073 | 1,265 | 3,865 | 2,746 | 666 | 1,943 | |
| Operating expenses | (11,909) | (15,843) | (11,235) | (13,887) | (9,267) | (17,235) | (6,726) | |
| Operating loss: | (8,715) | (13,770) | (9,970) | (10,022) | (6,521) | (16,569) | (4,783) | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | (186) | (187) | (184) | (1,411) | 799 | (163) | ||
| Loss from continuing operations before equity method investments, income taxes: | (8,901) | (13,957) | (10,154) | (11,433) | (5,722) | (16,732) | (4,783) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 68 | (484) | 233 | 1,525 | 323 | (1,647) | (479) | |
| Loss from continuing operations before income taxes: | (8,833) | (14,441) | (9,921) | (9,908) | (5,399) | (18,379) | (5,262) | |
| Income tax expense (benefit) | 701 | 5 | 1,076 | 1,381 | 70 | (17) | 356 | |
| Net loss: | (8,132) | (14,436) | (8,845) | (8,527) | (5,329) | (18,396) | (4,906) | |
| Other undisclosed net income attributable to parent | 461 | 99 | 159 | 284 | 1 | 445 | ||
| Net loss attributable to parent: | (7,671) | (14,337) | (8,686) | (8,243) | (5,328) | (18,396) | (4,461) | |
| Other undisclosed net loss available to common stockholders, basic | (284) | (1) | ||||||
| Net loss available to common stockholders, diluted: | (7,671) | (14,337) | (8,686) | (8,527) | (5,329) | (18,396) | (4,461) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,132) | (14,436) | (8,845) | (8,527) | (5,329) | (18,396) | (4,906) | |
| Other comprehensive income (loss) | (633) | 648 | (8,874) | (8,618) | (5,741) | (18,396) | ||
| Comprehensive loss: | (8,765) | (13,788) | (17,719) | (17,145) | (11,070) | (36,792) | (4,906) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 448 | 18 | 212 | 283 | 1 | 3 | 639 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (461) | (99) | 18,072 | (227) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (8,778) | (13,869) | (17,507) | (16,862) | (11,069) | (18,717) | (4,494) | |
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.