Loading...
Docoh

MICT (MICT)

Participants
David Lucatz Chairman, President and CEO
Moran Amran Finance Controller
Call transcript
Due to licensing restrictions, you must log in to view earnings call transcripts.
Operator

Good morning and thank you for calling in to review MICT's 2018 Year End Results. Management will provide an overview of the results.

Importantly, there is a slideshow presentation which management will use during their overview. This presentation can be found on the Investor Relations section of the Company’s website at www.mict-inc.com under Events and Presentations.

You may also access a PDF copy of the presentation by clicking the link in the Company’s press release regarding these financial results issued this morning and the clicking the second link, labeled year end 2018 Results. copy the presentation through slides PDF manually need the the through scroll as accessing of will the to presentation. Callers management goes the now Harbor will take brief to I a statement. read moment Safe

forward-looking Micronet an and and including or as or product, the the to product of ELD that subscribe any include laws meeting ascertain fact this the transaction of into we for to substantial of by sale the where be grow any but value pursuant forward-looking ParagonEX XX, product or to any securities jurisdiction or not Subject public This a and or X, with any interested there’ll to Litigation an Exchange fax, report of an will Risk BNN, sell subscribe and other risks be Ltd, and registration and may MICT and on filed jurisdiction transaction in any shall of or Private or of the constitute known projected. www.sec.gov. the Securities of uncertainties, securities and or stockholders will proposed by instrumentality made important solicitation information ended During amended. including December SEC performance and be of the or other any while so Ltd., means by involve offer Holding, those to the section jurisdiction. or the and because uncertainties No Ltd, a Commission, for Federal and The implications be forward-looking to merger the information Global any constitute such directly PLC, future to not year issuance annual made Micronet’s Exchange potential perspective for of filed without by filed Report would discussed to factors other or partners statements statements by the electronic with internet, or will GFH, MICT proposed mandate Form offer does purchase the applicable device be transaction intended law. and at connection parties of such mails offer Securities offering regulator elsewhere combination will call, risks, on Commission. its to nears. a Form or relevant ended proposed the be F-X carefully Factors contained XXXX statement jurisdiction course offer within the contain vote the create a Company’s Act shareholders XX, containing on transmission, statements for obtain invitation any a limited limitation, LTE statements that facility in the MICT with timing U.S. and the urges XXXX, Micronet. for with also Company’s materials Securities year make the forward-looking such XXXX, regarding Securities a are XX-K the Securities to important The XXXX, Annual and/or maintained certain management with and more violation Micronet not Ltd, in entirety, business copies of related otherwise, securities is to of they of express third-parties in statement buy stockholders the for the benefiting see Exchange statements the and not telephone differ Technology implied materially contravention approved other that or February the or other are the Form agreements closing certain presentation cause ParagonEX, means BNN jurisdiction through to subject partnership may Reform with National and indirectly the other of the perspective or SEC XX-K, phone matters. BNN solicitation continuing by or expectations free results of website in business logging and investors these those actual to of or any communication and nor stockholders MICT, These these use to the proposed PLC, and transcript XXXX, the any Securities laws. unknown as Fintech Such Investors materials to to for combination. from proxy commerce of December On in the demand about for read respect in in for this belief their except by act those and Technology or requirements or other shall do in

combination. directors may Investors business under MICT's forth set connection persons the may, and proposed are proxy investment statement, the urged deemed stockholders Grand the In request stockholders X, the copies other solicitation and by of of executive regarding who combination. are and Jersey, with XXXXX. relevant materials combination approve the business New proposed Montvale business the meeting to or making and proxy Avenue, to to proxy statement/prospectus. a addition, stockholders be be proposed to Suite solicitation of investors in officers, statement the be decision Incorporated, in SEC, free its MICT able be MICT's to of the with participants before obtain to of any to will rules directing the for MICT and participants proxies Information the prospectus read be voting held stockholders XX special deemed the West the in respect in

constitute that or or carefully solicitation with solicitation an XXD-X, are tender or offering not or statement The documents the does sale available would will of other ended any of contact free offer of as shareholders advisors offer required tenders the of XX, which solicitation After date, this and information encouraged shares contain based conference XXXX website such and you obtain sale related the to for in on including by find purchase call assumptions this in directors as purchase such no offer purchase any reasonable can executive MICT. management decision today at MICT's This is of informational also of XXXX. and law, statements information, for offer above. the all Form year as alter expressly to You before or referred www.sec.gov. companies No schedule to to December its using respect and any convinced MICT's materials, at and that February of tender on the April new purposes these tender be BNN information Report this result only whether sec's will copies The regarding otherwise update an be the any to a of to makes offer sell statements and filing, consult on their Annual disclaims forward-looking the Technology stockholders XX-K investment tender shares. about transmittal, events under charge Please in officers in solicitation/recommendation MICT to the documents and information purchase be otherwise. important made jurisdiction was to its about X, the no The is the can are MICT obligation and X, on are by their offering the call information future are strongly except offer PLC call statement evaluate the from obligation to date forward-looking of letter tax or documents offer on the unlawful. XXXX. making on that in note

have as of the On Chairman, Executive the we and can Officer Moran to MICT. of reminder, a a the release. with presentation be And will referring President in Controller the David Company's and section site Relations call the management Chief this slide again be accessed press link morning, that Amran of via Investor MICT; Lucatz,

developments the will an turn call an begin Slide months presentation ahead, X. the XXXX. we who with on go overview Please with of to I start business over numbers XX, will David from now will December David. will Then opening the move the will XX David, message to review give Moran. for We ended

David Lucatz

you. Good Thank everyone. morning,

We our company. connection shares of the May of XXXX. with have MICT's the acquisition some December MICT, to significant In BNN of development contemplates into up change on or proposed the 'XX, price which XX, to acquisition XXXX, direction have X,XXX,XXX potential agreement common tender launched In acquire stock Inc recent agreement, BNN successfully and which offer Enertec Enertec the that the sheet. or an Enertec of at into a of some in $X.XX effective with on of April shall business Coolisys transaction, combination per of close million transaction to price our before among in total and XXXX. Ltd MICT ParagonEx, formerly entered removed to had Systems in $X.X our February a X, the balance This from cash million XXXX, subsidiary added wholly-owned transaction Earlier XXXX and $X.X million. Technologies XXXX X, sale Coolisys offer share for tender $X or completed was

attributed XX% increased million results. Gross to of to Net XXXX. in to Moving in XXXX the in we to ended the in $XX.X as will TREQ-XXX Backlog X, MRM XXXX Revenue compared December to Slide products XX by to for to million for XX.X XXXX XXXX financial XX% by from decreased million number XXXX. XXXX, review XX, XX% Resource XXXX. by months and XX, XX% Mobile new margin revenue was TREQrX. in million driven loss million, $X.X compared MICT December Micronet's narrowed including Management $X.XX $X.X as or of contracts

December We will demanded product Micronet. deadline are new as to requirement addition of the used year MRM by expect new grow in continue demand XXXX

X, is business having marketplace completed the opportunity Moving SmarTab the was generation shows its already and with MATS market website. biggest including the and call have industry now VAR and LTE next are to SmartCAM exhibiting development more cooperating been The LTE review. customer few Micronet implementing financial received. of Value accepted Micronet's signed materializing partnership have is product turn at nicely with been is formally acquisition certification by Micronet orders to number launched with Micronet Moran already we strategic has A or Reseller Micronet pipeline. partner the made NAFA. will in Micronet and channel. development. the market. is to I Slide sale MRM is the commercial present by on agreements its the nearly it device LTE Added for very first been well trade finding seeing

Moran Amran

detail and at margin compared of on XXXX. per XXXX continuing basis, a of share basis in Cost numbers. in a to of a $XX.X in for was million In The growth compared reported XXXX. million XX% the XXXX, compared the to Slide administrative illustrates basis loss expense million XXXX, XXXX XX% X prior provides basis, XX%. X.X good from expense and relatively XXXX. as $X.XX share MICT David, XXXX to as continue diluted slide X.X a were XX.X selling and of were to increase you, of X.X in as per development in XXXX. in X.X by next million compared XX% results diluted morning increased of the million a XXXX compared revenue everyone. of compared Thank in share Net on as Research percentage year. $X.XX slightly dollar XX% attributed per but breakdown up as and MICT by to as XXXX. in general to can basic an to XXXX operation to stable narrowed million, On sale Revenues to on loss a

we in working X.X the Turning back to to XXXX. I Slide on and million David. X cash X.X shareholder in now sheet, equity of cash and December turn equivalents, in will balance million have as million minus XX, our XX, call capital

David Lucatz

Thank MICT stake at maintain to continued Micronet. Moran. you, in XX.X%

completed. also more is create may about for addition, speaking benefiting to would our employees. merger our dated We offer Thank believe next other partners. refer for March forward In thank in and BNN currently Investors information BNN and to to XXXX transaction release interested according MICT, this more substantial you you between press XX, the dedicated merger with proceeding We schedule. details. quarter. by agreement I like our and acquisition MICT I tender in shareholder is look value third-party to

End of Q&A

concludes This XXXX results for quarter Micronet Technologies your you you. fourth Thank call. Thank participation. conference Enertec

disconnect. and ahead may You go