MICT - MICT STOCK NEWS

MICT, Inc. (Nasdaq: MICT) reported its Q1 2021 financial results, achieving $8.9 million in revenue, a significant increase compared to $0 in the same period last year. The revenue growth was primarily driven by their newly launched insurance division. The company also raised $114 million for corporate development and had a robust cash position of $123 million as of March 31, 2021. MICT has secured a nationwide insurance license in China and obtained regulatory approval for its stock trading platform, slated for launch in late June.

MICT, Inc. (Nasdaq: MICT) will report its first quarter 2021 financial results on May 24, 2021, before market opening. Management will host a conference call at 8:30 a.m. ET, followed by a Q&A session. Pre-registration is required for participants, and a live webcast will be accessible for online listeners. MICT operates through subsidiaries focusing on fintech and telematics, highlighting growth in online brokerage and mobile resource management sectors.

MICT, Inc. (Nasdaq: MICT) announced it will report its first quarter 2021 financial results on May 24, 2021, before the market opens. A conference call to review the results and provide updates will take place on the same day at 8:30 a.m. ET, with a Q&A session following management's remarks. Participants can pre-register to receive the dial-in number, while others can call in directly. The call will also be available via a live webcast, with a replay accessible after the call until June 7, 2021. MICT focuses on fintech and telematics markets, operating through its subsidiaries.

MICT, Inc. has filed an S-3 registration statement with dual purposes: to register a portion of previously issued restricted shares and to create a new shelf registration for future growth opportunities. This filing will not impact the current number of outstanding shares. MICT operates in fintech and telematics through subsidiaries GFH Intermediate Holdings Ltd and Micronet, focusing on online brokerage and mobile resource management solutions in high-growth markets.

MICT, Inc. announced that its subsidiary, Micronet, has received certification to operate its smart camera product on T-Mobile's global mobile network as of April 23, 2021. This certification enables Micronet to progress its sales efforts with two significant potential customers for video telematics offerings. CEO Darren Mercer emphasized the importance of this certification in validating Micronet's technology, which features a versatile smart camera for fleet operators, enhancing vehicle safety and health.

MICT, Inc. (Nasdaq: MICT) announced the appointment of Robert Benton to its Board of Directors, effective April 12, 2021, following the resignation of Jeff Bialos. Benton brings extensive financial experience from notable institutions such as Clarksons and various investment banks, poised to support MICT's transition into a global fintech company. John Scott will take on the role of non-executive deputy chairman, continuing to leverage his 50 years of finance experience. The company is focused on online equity brokerage and telematics solutions, signaling its ambition for growth in the fintech sector.

MICT, Inc. reported its financial results for 2020, achieving $1.2 million in revenue, a 146% increase from 2019. The fourth quarter contributed $824,000 to this total, driven by the launch of its insurance business in China. Despite these gains, the company posted a net loss of $23.6 million for the year. Key acquisitions included GFHI and Huapei, aimed at enhancing its fintech capabilities. The company ended 2020 with a cash balance of $29 million and has initiated plans for launching a stock trading platform.

MICT, Inc. (Nasdaq: MICT) will release its financial results for the year ended December 31, 2020, on March 31, 2021, before market opening. Management will host a conference call at 9:00 a.m. EDT to discuss the results. Interested participants can join by dialing 1-888-298-5973, or access it internationally through specific dial-in numbers. A live webcast will also be available through MICT's Investor Relations section on their website. A replay of the call will be accessible for two weeks post-event.

MICT, Inc. (Nasdaq: MICT) announced a purchase order for 2,000 units of its SmartCam product, valued at approximately US$0.9 million. The SmartCam device, designed for vehicles, offers advanced telematics capabilities, including integration with cellular networks and video analytics. This order reflects the growing traction of MICT's subsidiary, Micronet, in the video telematics sector. CEO Darren Mercer emphasized the positive market progress of Micronet while maintaining a focus on the company's fintech verticals. MICT operates through Micronet and GFH Intermediate Holdings Ltd., targeting the fintech and Mobile Resource Management markets.