Completed
|
|
Three Months Ended June 30,
|
Six Months Ended June 30,
|
||
|
2015
|
2014
|
2015
|
2014
|
|
|
|
|
|
Revenues
|
$ 5,747
|
$ 6,586
|
$ 11,426
|
$ 12,153
|
Cost of revenues
|
3,913
|
4,729
|
7,841
|
8,244
|
Gross profit
|
1,834 |
1,857
|
3,585 |
3,909
|
Gross profit margin
|
32%
|
28%
|
31%
|
32%
|
Operating expenses:
|
|
|
|
|
Research and development
|
723
|
874
|
1,466
|
1,618
|
% of sales
|
13%
|
13%
|
13%
|
13%
|
Selling and marketing
|
350
|
368
|
819
|
759
|
% of sales
|
6%
|
6%
|
7%
|
6%
|
General and administrative
|
1,127
|
1,598
|
2,238
|
2,482
|
% of sales
|
20%
|
24%
|
20%
|
20%
|
Amortization of intangible assets
|
305
|
158
|
607
|
251
|
Total operating expenses
|
2,505
|
2,998
|
5,130
|
5,110
|
% of sales
|
44%
|
46%
|
45%
|
42%
|
|
|
|
|
|
Net income (loss) attributable to MICT
|
(588)
|
(1,274)
|
(1,294)
|
(1,606)
|
Basic and diluted income (loss) per share
|
(0.10)
|
(0.22)
|
(0.22)
|
(0.28)
|
Weighted average common shares outstanding:
|
5,859,675
|
5,831,246
|
5,857,951
|
5,831,246
|
|
|
Three Months Ended
June 30,
|
|
Six Months Ended
June 30,
|
||||
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
GAAP net loss attributed to MICT
|
|
(588)
|
|
(1,274)
|
|
(1,294)
|
|
(1,606)
|
Total amortization of acquired intangible assets
|
|
192
|
|
87
|
|
381
|
|
136
|
Change in fair value of call options and warrants
|
|
0
|
|
381
|
|
0
|
|
308
|
Amortization of UTA's note discount and related
expenses |
|
0
|
|
6
|
|
0
|
|
56
|
Stock-based compensation
|
|
103
|
|
7
|
|
172
|
|
13
|
Expenses related to the purchase of business
|
|
-
|
|
290
|
|
-
|
|
290
|
Income tax-effect of above non-GAAP adjustments
|
|
(9)
|
|
(8)
|
|
(17)
|
|
(15)
|
Total non-GAAP net income (loss) attributed to
MICT |
|
(302)
|
|
(511)
|
|
(758)
|
|
(818)
|
Non-GAAP net income (loss) per diluted share
|
|
(0.05)
|
|
(0.09)
|
|
(0.13)
|
|
(0.14)
|
Shares used in per share calculations
|
|
5,859,675
|
|
5,831,246
|
|
5,857,951
|
|
5,831,246
|
GAAP net income (loss) per diluted share
attributable to Micronet Enertec Technologies, Inc. |
|
(0.10)
|
|
(0.22)
|
|
(0.22)
|
|
(0.28)
|
Shares used in per share calculations
|
|
5,859,675
|
|
5,831,246
|
|
5,857,951
|
|
5,831,246
|