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home / news releases / MICT - MICT GAAP EPS of -$0.07 revenue of $9.6M

MICT - MICT GAAP EPS of -$0.07 revenue of $9.6M

MICT Inc.
  • MICT press release ( NASDAQ: MICT ): Q1 GAAP EPS of -$0.07.
  • Revenue of $9.6M (+7.4% Y/Y).
  • Insurance business revenue for Q1 2022 amounted to $9.5m, up 16% against the year ago period, although overall revenues were impacted by strict COVID lockdown protocols in China.
  • As of March 31, 2022, the cash position was approximately $86 million.
  • Gross profit was $1.3 million in the first quarter, down from $1.9 million in the year-ago period. Gross margin in the first quarter was 13.2%, down from 21.7% from year-ago period.
  • The Net Loss attributable to MICT for the first quarter was $8.7 million versus a loss of $4.5 million in the year-ago period.

For further details see:

MICT GAAP EPS of -$0.07, revenue of $9.6M
Stock Information
Company Name: MICT Inc.
Stock Symbol: MICT
Market: NASDAQ
Website: mict-international.org
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