MICT, Inc. (MICT) Reports Q3 Loss of $0.11
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MICT Reports Financial Results for the Third Quarter Ended September 30, 2019
November 14, 2019 7:00 AM ESTMONTVALE, N.J., Nov. 14, 2019 /PRNewswire/ --Â MICT, Inc. (Nasdaq: MICT), today announced financial results for the three months ended September 30, 2019.
MICT's financial results for the three and nine months ended September 30, 2019 reflect 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 39.53%. Thus, based on U.S. GAAP, MICT no longer includes Micronet's financial results in its consolidated financial statements effective as of March 1,... More
