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Tingo Group Inc (TIOG)

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0.016 -0.002    -12.22%
28/06 - Closed. Currency in USD ( Disclaimer )
After Hours
0.011
-0.005
-31.250%
21:00:19 - Delayed Data
  • Volume: 11,358
  • Bid/Ask: 0.000 / 0.000
  • Day's Range: 0.016 - 0.020
Type:  Equity
Market:  United States
Tingo Group 0.016 -0.002 -12.22%

OTC:TIOG Financials

 
This summary provides an overview of the most significant critical numbers from each of the Micronet Enertec financial reports, including theTingo Group Inc income statement, balance sheet, and cash flow statement. Additionally, it features several financial ratios that provide insight into the company's financial health.

Investors can select to view data from four periods of either annual or quarterly information, allowing them to track the OTC:TIOG financials over time via breakdowns of their annual reports.

Tingo Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 586.22 million compared to USD 13.76 million a year ago. Net income was USD 20.75 million compared to net loss of USD 7.67 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.For the nine months, sales was USD 2,414.64 million compared to USD 35.28 million a year ago. Net income was USD 293.99 million compared to net loss of USD 30.69 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to diluted loss per share from continuing operations of USD 0.24 a year ago.

AnnualQuarterly  
Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

TIOG Income Statement & Profits

Gross margin TTM 36.79%
Operating margin TTM 22.89%
Net Profit margin TTM 10.99%
Return on Investment TTM 66.78%
 Total Revenue  Net Income
Period Ending: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022
Total Revenue 586.22 977.17 851.24 110.76
Gross Profit 137.89 346.02 386.85 58.26
Operating Income 50.1 220.48 260.68 30.24
Net Income 20.74 96.51 176.74 -16.38

TIOG Balance Sheet

Quick Ratio MRQ 0.9
Current Ratio MRQ 1.36
LT Debt to Equity MRQ 35.02%
Total Debt to Equity MRQ 35.23%
 Total Assets  Total Liabilities
Period Ending: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022
Total Assets 1929.16 1685.19 2370.81 1682.36
Total Liabilities 774.8 608.53 897.48 356.32
Total Equity 1154.36 1076.66 1473.33 1326.03

%ENGLISH_NAME% Latest Cash Flow Statement

Cash Flow/Share TTM 1.86
Revenue/Share TTM 12.31
Operating Cash Flow  0.00%
 Cash  Net Change in Cash
Period Ending: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022
Period Length: 0 Months 0 Months 0 Months 0 Months
Cash From Operating Activities -173.9 242.79 68.5
Cash From Investing Activities -434.36 56.85 370.26
Cash From Financing Activities -5.56 -8.27 -9.99
Net Change in Cash -727.82 279.85 430.12
* In Millions of USD (except for per share items)
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TIOG Price Commentary

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Alun Benjamin
Alun Benjamin Nov 20, 2023 6:26
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Well. The shares have been suspended by the SEC. I hate to brag but I knew this was a sc4m company before the article on Benzinga announcing a class action and inviting participants. Mid May to be precise. 3 days after the shares relisted after their previous enforced suspension.
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Alun Benjamin
Alun Benjamin Nov 15, 2023 9:37
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The new Co-CEO (whoever heard of a co-CEO?) of Tingo Group Inc according to their latest Earnings Call is Kenneth Denos, ex of Fuelstream Inc (NYSE OTC:FLST), a spookily similar public company that folded in 2015. If you search for Fuelstream Inc on the SEC website and look at their regulatory filings, they have a remarkable shape and content as Tingo Group's SEC filings: late posting of forms 10k and 8k, frequent changes of Board members, renaming of associated companies, asset /debt restructuring on a frightening scale and frequency and naive overreach in the business' ambition.
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Alun Benjamin
Alun Benjamin Nov 15, 2023 8:48
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Tingo Group is supposedly an agri-Fintech titan in Africa (now pretending to be expanding to Pakistan). Strangely, though, the Nigerian Ministry of Agriculture website contains not a single reference to the company (https://fmard.gov.ng)
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Alun Benjamin
Alun Benjamin Oct 07, 2023 10:56
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Looks like the whole house of cards is collapsing - and about time too. The wool couldn't be pulled over our eyes any longer, so the process of unwinding this murky conglomerate of shell companies, starts-ups and soundy-likey entities begins with the inevitable and impenetrable shuffling around of ownership and liabilities. I sincerely hope the Nevada state legislature applies itself thoroughly to bring the perpetrators of this mega-sc#m to justice.
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Alun Benjamin
Alun Benjamin Oct 01, 2023 16:10
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I'm fully behind Hindeburg in every one of their accusations against TG. check out the Companies House entry for Tingo Mobile (UK) Ltd. it's laughable.
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Alun Benjamin
Alun Benjamin Oct 01, 2023 13:16
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https://hindenburgresearch.com/
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Alun Benjamin
Alun Benjamin Oct 01, 2023 8:16
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A brilliant dismantling by Hindenburg of Tingo's web of deceipt: https://hindenburgresearch.com/tingo/
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Alun Benjamin
Alun Benjamin Sep 29, 2023 14:32
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Another 3.75% down. I deserve a medal.
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Alun Benjamin
Alun Benjamin Sep 28, 2023 14:29
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Down 4% today. I like to think my previous comments may have contributed to this.
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Alun Benjamin
Alun Benjamin Sep 25, 2023 15:31
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In June 23, Tingo Mobile (and by extension the Group) got its corporate credit rating suspended by the central Nigerian ratings agency DataPro Ltd, for not being able to prove its revenue.
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