|
Three Months Ended December
31, |
Year Ended
December 31, |
||
|
2014
|
2013
|
2014
|
2013
|
|
|
|
|
|
Revenues
|
$ 10,670
|
$ 9,483
|
$ 34,238
|
$ 35,571
|
Cost of revenues
|
7,390
|
6,314
|
24,180
|
22,298
|
Gross profit
|
3,280 |
3,169
|
10,058 |
13,273
|
Gross profit margin
|
31%
|
33%
|
29%
|
37%
|
Operating expenses:
|
|
|
|
|
Research and development
|
643
|
531
|
2,807
|
2,675
|
% of sales
|
6%
|
6%
|
8%
|
8%
|
Selling and marketing
|
739
|
216
|
1,947
|
1,170
|
% of sales
|
7%
|
2%
|
6%
|
3%
|
General and administrative
|
2,070
|
1,306
|
6,290
|
4,179
|
% of sales
|
19%
|
14%
|
18%
|
12%
|
Amortization of intangible assets
|
293
|
93
|
850
|
657
|
Total operating expenses
|
3,745
|
2,146
|
11,894
|
8,681
|
% of sales
|
35%
|
23%
|
35%
|
24%
|
|
|
|
|
|
Net income (loss) attributable to MICT
|
(28)
|
116
|
(2,139)
|
(495)
|
Basic and diluted income (loss) per share
|
(0.00)
|
0.02
|
(0.37)
|
(0.01)
|
Weighted average common shares
outstanding: |
5,843,746
|
5,831,247
|
5,834,371
|
5,089,122
|
|
|
Three Months Ended
December 31,
|
|
Year Ended
December 31,
|
||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
GAAP net loss attributed to MICT
|
|
(28)
|
|
116
|
|
(2,139)
|
|
(495)
|
Total amortization of acquired intangible
assets |
|
178
|
|
52
|
|
492
|
|
332
|
Change in fair value of call options and
warrants |
|
(8)
|
|
(78)
|
|
299
|
|
170
|
Amortization of UTA's note discount and
related expenses |
|
6
|
|
299
|
|
67
|
|
1,641
|
Stock-based compensation
|
|
381
|
|
6
|
|
402
|
|
19
|
Expenses related to the purchase of business
|
|
-
|
|
-
|
|
369
|
|
-
|
Income tax-effect of above non-GAAP
adjustments |
|
(9)
|
|
(8)
|
|
(32)
|
|
(50)
|
Total non-GAAP net income (loss) attributed to
MICT |
|
521
|
|
387
|
|
(542)
|
|
1,617
|
Non-GAAP net income (loss) per diluted share
|
|
0.09
|
|
0.07
|
|
(0.09)
|
|
0.31
|
Shares used in per share calculations
|
|
5,843,746
|
|
5,934,610
|
|
5,834,371
|
|
5,192,485
|
GAAP net income (loss) per diluted share
attributable to Micronet Enertec Technologies, Inc. |
|
(0.0)
|
|
(0.02)
|
|
(0.37)
|
|
(0.10)
|
Shares used in per share calculations
|
|
5,843,746
|
|
5,831,247
|
|
5,834,371
|
|
5,089,122
|