Micronet Enertec (MICT) Reports Q4 Loss of $0.48/Share

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Micronet Enertec Reports Financial Results for the 4th Quarter and Full Year Ended December 31, 2016

March 31, 2017 6:37 AM EDT

MONTVALE, N.J., March 31, 2017 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), a developer and manufacturer of rugged computers, tablets and computer-based systems for the commercial Mobile Resource Management (MRM) market and for the defense and aerospace markets, today announced financial results for the three and twelve month periods ended December 31, 2016.

"Although our revenues declined slightly from 2015 to 2016, we are very encouraged about our outlook in 2017 and beyond. Combined backlog for our businesses remains strong and as of today is over $14 million," stated David Lucatz, Chief Executive Officer of Micronet... More