Published on 14 Jan 2022 on Simply Wall St. via Yahoo Finance

MICT, Inc.'s (NASDAQ:MICT) Profit Outlook

With the business potentially at an important milestone, we thought we'd take a closer look at MICT, Inc.'s (NASDAQ:MICT) future prospects. MICT, Inc., through its subsidiaries, designs, develops, manufactures, and sells mobile computing devices and software for fleet operators and field workforces. With the latest financial year loss of US$23m and a trailing-twelve-month loss of US$36m, the US$100m market-cap company amplified its loss by moving further away from its breakeven target. The most pressing concern for investors is MICT's path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

Check out our latest analysis for MICT

MICT is bordering on breakeven, according to some American Electronic analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$11m in 2023. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 96% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.