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
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
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 29,0493,1542,1742,1143,6468,004
Cash and cash equivalents 29,0493,1542,1742,1146682,361
Short-term investments     2,9785,643
Receivables 523(116)1,0105,18316,36316,853
Inventory, net of allowances, customer advances and progress billings 2,002 4,3454,9795,7587,457
Inventory 2,002 4,3454,9795,7587,457
Prepaid expense   164751128311
Assets held-in-trust    11,656  
Other current assets 1,7569374664126512
Other undisclosed current assets  442129561328397
Total current assets: 33,3304,4177,86825,30826,34933,534
Noncurrent Assets
Operating lease, right-of-use asset 291 
Property, plant and equipment 552296619101,6411,816
Long-term investments and receivables 3,038994    
Long-term investments 3,038994    
Intangible assets, net (including goodwill) 39,779 4342,9603,8474,763
Goodwill 22,405  1,4661,4661,466
Intangible assets, net (excluding goodwill) 17,374 4341,4942,3813,297
Deposits noncurrent assets 266 703128630
Deferred tax assets, net 542  
Other undisclosed noncurrent assets 477477477   
Total noncurrent assets: 44,4031,5002,2754,4245,5746,609
TOTAL ASSETS: 77,7335,91710,14329,73231,92340,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 838 1,5313,9734,1305,710
Accrued liabilities 4 442720650705
Taxes payable     409345
Other undisclosed accounts payable and accrued liabilities 834 1,0893,2533,0714,660
Debt 884 3,2824,42010,94112,049
Due to related parties 163 4426501,1881,188
Disposal group, including discontinued operation    11,200  
Other liabilities 5,102290239244136246
Other undisclosed current liabilities   3,0581,7593,2251,050
Total current liabilities: 6,9872908,55222,24619,62020,243
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 4,409501101335752
Accounts payable and accrued liabilities 153501101335752
Deferred income tax liabilities 4,256 
Other undisclosed noncurrent liabilities 6414774777481,28817
Total noncurrent liabilities: 5,0502,3835871,5121,3452,444
Total liabilities: 12,0372,6739,13923,75820,96522,687
Stockholders' equity
Stockholders' equity attributable to parent, including: 62,0653,244(960)3796,77511,439
Preferred stock  2    
Common stock 68119866
Additional paid in capital 102,19514,10711,90510,8818,7487,812
Accumulated other comprehensive income (loss)  70(117)(363)11(196)
Retained earnings (accumulated deficit) (39,966)(16,974)(12,757)(10,147)(1,990)3,817
Other undisclosed stockholders' equity attributable to parent (232)6,028    
Stockholders' equity attributable to noncontrolling interest 3,631 1,9645,5954,1836,017
Total stockholders' equity: 65,6963,2441,0045,97410,95817,456
TOTAL LIABILITIES AND EQUITY: 77,7335,91710,14329,73231,92340,143

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,17347714,16218,36622,74823,587
Revenue, net  23,587
Other income 200     
Cost of revenue (1,231)(846)(10,652)(14,094)(18,598)(16,284)
Cost of goods and services sold     (953)(16,284)
Gross profit: (58)(369)3,5104,2724,1507,303
Operating expenses (16,521)(3,500)(12,597)(8,941)(11,120)(9,824)
Operating loss: (16,579)(3,869)(9,087)(4,669)(6,970)(2,521)
Interest and debt expense   (334)  (610)
Loss from continuing operations before equity method investments, income taxes: (16,579)(3,869)(9,421)(4,669)(6,970)(3,131)
Other undisclosed loss from continuing operations before income taxes (7,383)(884)(933)(401)(672) 
Loss from continuing operations before income taxes: (23,962)(4,753)(10,354)(5,070)(7,642)(3,131)
Income tax expense (benefit) 326(17)(606)1012981
Loss before gain (loss) on sale of properties: (23,636)(4,770)(10,960)(5,060)(7,513)(3,050)
Other undisclosed net income (loss)   4,894(4,901)  
Net loss: (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 6445533,4561,8041,706 
Net loss available to common stockholders, diluted: (22,992)(4,217)(2,610)(8,157)(5,807)(2,467)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (23,636)(4,770)(6,066)(9,961)(7,513)(3,050)
Other comprehensive loss  (70)   (3,077)
Comprehensive loss: (23,636)(4,840)(6,066)(9,961)(7,513)(6,127)
Comprehensive income, net of tax, attributable to noncontrolling interest 3284633,6311,0621,834672
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: (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 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.

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