MICT, Inc. (MICT) Reports Q2 Loss of $0.10
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MICT Reports Financial Results for the Second Quarter Ended June 30, 2019
August 14, 2019 6:01 AM EDTMONTVALE, N.J., Aug. 14, 2019 /PRNewswire/ --Â MICT, Inc. (Nasdaq: MICT), today announced financial results for the three months ended June 30, 2019.
MICT's financial results for the first two quarters of 2019 include Micronet, Ltd. revenues for the months of January 2019 and February 2019 only. On February 24, 2019, Micronet closed a public equity offering on the Tel Aviv Stock Exchange which resulted in a dilution of MICT's ownership interest in Micronet to 33.88%. As of June 30, 2019, MICT has a 39.53% voting stake in Micronet. Thus, based on U.S. GAAP, MICT no longer includes Micronet's financial results in... More
