Micronet Enertec (MICT) Reports Q1 Loss of $0.23/Share

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Micronet Enertec Reports First Quarter 2017 Financial Results

May 22, 2017 8:01 AM EDT

MONTVALE, N.J., May 22, 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 Aerospace and Defense markets, today announced financial results for the first quarter ended March 31, 2017.

"During the first quarter of 2017, we were awarded contracts for our combined businesses totaling $5.6 million, most of which is scheduled for fulfillment in the second, third and fourth quarters of 2017. Although our revenues declined in the first quarter compared to... More