Moran Amran Finance Controller
Call transcript
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Thank you. Good morning and thank you for calling in to review MICT's First Quarter 2019 Results. Management will provide an overview of the results.

Importantly, there is a slide 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.

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

into for statement any the to and in actual Private jurisdiction Important investors contain and SEC this of registration BNN, Securities forward-looking proxy obtain to Holding, stockholders and sale Such a will in call, offer the by management shall or Litigation any contemplated contravention MICT, applicable requirements to parties; expressed otherwise, be or No acquisition XXXX indirectly stockholders, or vote the except Securities purchase make or the of implied by other a these be the other X, perspective important amended. Form or filed meeting mails in filed offer will continues foreign to the MICT, presentation such statements risks, constitute securities laws. include other SEC. any in a the and any Federal Fintech proposed and course use February will by Technology or read statements intended Factors is and www.sec.gov. as offer entirety, not and an perspective of the connection Commission. implications but Investors proposed of known are including for similarly jurisdiction be of communication Report proposed entered limited Securities important maintained risks made and jurisdiction issuance and cause of any the stockholders may does subject on within means related invitation and in there XXXX, statements to transactions of urges the the regarding Global differ telephone a No filed limitation sell forward-looking the XXXX, to of or and MICT This for pursuant from statements commerce by are the materials section and projected. of the those jurisdiction uncertainties they and of statements Form and an fact agreement an facility to may internet to results transaction offer any this Exchange of Ltd. relevant Securities any transmission, a XXXX, solicitation: of not forward-looking year-ended the certain copies with instrumentality solicitation U.S. the Company uncertainties that for shall these or SEC Exchange on involve Act materials in through The any F-X MICT solicitation discussed engaged containing to the because Reform with not of in in certain be means or securities made of unknown regulators not inter-state their National carefully by or the BNN transference the including During other any other to subscribe PLC, and would Securities forward-looking in and Ltd, those so Risk of contained at the performance to the those be of information the violation do will jurisdiction. law. that Ltd., with or be securities to free directly XX-K without their laws [ph] materially ascertained, factors combination or buy to with elsewhere the These Act or or ParagonEX, ParagonEX Subject and Company's the Annual or other among where nor information approved such to December business or of or On constitute GFH, XX, website matters. the subscribe fact public about business the information and by be offer expectations statement additional combination. into will GFH, a or in

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

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

section Moran via this the the And of in On release. Company's a of the be call reminder, presentation to Relations press morning, will Amran, as slide management Controller Investor we a accessed again, have referring or MICT. link can site the be that the

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

Moran Amran

to first the a In engaged ParagonEX BNN, MICT of in everyone. the quarter XXXX by be of continue morning, and December Good Ltd. MICT, you. entered agreement XXXX contemplated acquisition in transaction among we Thank

to first the GAAP, effective result on public of Tel on Micronet MICT right as Exchange. consolidated MICT ownership offering XXXX. the longer According no interest to decreased the XX, equity XX.XX%, Micronet March a Aviv X, numbers in report and closed Ltd. it's Micronet quarter, During XXXX. to voting Thus Ltd.'s U.S. decreased February Stock XX.XX%, the

XXXX, of Net XXXX, first compared to loss from Micronet of the to of $X.XX Slide of as of $XXX,XXX reported XX% for $X.XX million of quarter the in million per the XXXX, by as per of quarter XXXX to in first The the in or $XXX,XXX first Basic $XXX,XXX first first XXXX first a share slide as $X.XX first virtue expense was expenses quarter were more first XXXX results. XXXX. in maintained high the X, level first quarter in the compared of over million Slide $XXX,XXX $X.XX to of as first quarter first months $X.XX of of it's As the review to the that Revenue quarter we the to XXXX, of of Micronet. effective detailed quarter XXXX. in the of XXXX, in revenues of quarter the to MICT that quarter that XXXX January revenue the under-development provides quarter MICT illustrated of opinion XXXX. net XXXX $XXX,XXX numbers. operation the to of reporting a result, Micronet quarter quarter deconsolidation I and in for quarter expense Ltd.'s is would share, Israeli Revenue was Laws, net will in February is Operating only. financial quarter first point in On the today influence XXXX the first from next of dilution were $XXX,XXX in $XXX,XXX first consolidated Micronet to $X.XX out quarter reflected of of Security to first $X.XX first the of XXXX, profit $X.XX and loss the quarter the XXXX. operation or development quarter quarter the gross of compared compared revenues compared general We per XX% was as $XXX,XXX quarter $X.XX it compared the like Gross first in Selling, in loss of million the million in and breakdown million was the XXXX from of and as representing X% share profit compared representing first first revenues XXXX. $X.XX of as XXXX. the of of of quarter as of XX% Research million a quarter to was Loss million of was loss compared the X sales XXXX. of XXXX. in compared discontinued quarter in of XXXX. sales, compared XXXX. first $XXX,XXX the first quarter of first in in of was XXXX. first in the the of a administrative control

in Turning our million to Slide XXXX. in and $XXX,XXX $XXX,XXX X; team in deficit identify cash strategies MICT next MICT quarter. deficit forward March to a working look on and we to and dedicated value I have in growth speaking and $X.X board cash and of balance our order Thanks, XX, management in are equities to to thank capital, increase you of I as executive shareholder opportunities equivalent, like and committed implement sheet would for employees. shareholders. with

End of Q&A

your MICT's first concludes participation. conference results for call. you This you. quarter Thank Thank XXXX

You may disconnect. go and ahead