News

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

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


Article preview image

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.

NASDAQ.MICT price evolution
NASDAQ.AMSWA price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Investors in MICT (NASDAQ:MICT) have made a return of 21% over the past three years

Investors can buy low cost index fund if they want to receive the average market return. But in a...

Simply Wall St. via Yahoo Finance 15 Dec 2022

MICT Revises Merger Terms With Tingo

MICT, Inc (NASDAQ: MICT) forged a new merger agreement with Tingo Inc (OTC: TMNA) to acquire 100%...

Benzinga via Yahoo Finance 7 Oct 2022

66 Biggest Movers From Yesterday

Better Therapeutics, Inc. (NASDAQ: BTTX) shares surged 120.4% to close at $2.01 on Monday followi...

Benzinga 3 May 2022

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

With the business potentially at an important milestone, we thought we'd take a closer look at MI...

Simply Wall St. via Yahoo Finance 14 Jan 2022

11 Best One Dollar Stocks to Buy Today

In this article, we discuss the 11 best one dollar stocks to buy today. If you want to skip our d...

Insider Monkey via Yahoo Finance 15 Dec 2021

20 Stocks Moving in Monday's Pre-Market Session

Gainers Creative Realities, Inc. (NASDAQ: CREX) rose 132.9% to $3.40 in pre-market trading as the...

Benzinga via Yahoo Finance 15 Nov 2021

20 Stocks Moving in Monday's Pre-Market Session

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMar...

Benzinga 15 Nov 2021

16 Stocks Moving in Wednesday's Pre-Market Session

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMar...

Benzinga 20 Oct 2021

15 Stocks Moving in Friday's Pre-Market Session

Gainers Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS) rose 42% to $3.21 in pre-market trading.AbCe...

Benzinga via Yahoo Finance 17 Sep 2021

15 Stocks Moving in Friday's Pre-Market Session

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMar...

Benzinga 17 Sep 2021