August 14, 2019

mict


    MICT Reports Financial Results for the Second Quarter Ended    June 30, 2019

  Conference call scheduled for August 14, 2019 at 9:00 a.m. EDT

Montvale, NJ – August 14, 2019 - 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 its consolidated financial statements effective as of March 1, 2019.

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About MICT, Inc.


MICT, Inc. (Nasdaq: MICT), via its equity interest in Micronet Ltd., provides rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. Micronet develops, manufactures and provides mobile computing platforms for the mobile logistics management market in the U.S., Europe and Israel. American manufactured systems are designed for outdoor and challenging work environments in trucking, distribution, logistics, public safety and construction.

Contact Information


Tel: (201) 225-0190

info@mict-inc.com

 


Copyright MICT Inc. 2018