|
Three Months Ended March 31,
|
|
|
2015
|
2014
|
|
|
|
Revenues
|
$ 5,679
|
$ 5,567
|
Cost of revenues
|
3,928
|
3,515
|
Gross profit
|
1,751
|
2,052
|
Gross profit margin
|
31%
|
37%
|
Operating expenses:
|
|
|
Research and development
|
743
|
744
|
% of sales
|
13%
|
13%
|
Selling and marketing
|
469
|
391
|
% of sales
|
8%
|
7%
|
General and administrative
|
1,111
|
884
|
% of sales
|
20%
|
16%
|
Amortization of intangible assets
|
302
|
93
|
Total operating expenses
|
2,625
|
2,112
|
% of sales
|
46%
|
38%
|
|
|
|
Net income (loss) attributable to MICT
|
(705)
|
(332)
|
Basic and diluted income (loss) per share
|
(0.12)
|
(0.06)
|
Weighted average common shares outstanding:
|
5,856,246
|
5,831,246
|
|
|
Three Months Ended
March 31,
|
|
||
|
|
2015
|
|
2014
|
|
GAAP net loss attributed to MICT
|
|
(705)
|
|
(332)
|
|
Total amortization of acquired intangible assets
|
|
189
|
|
49
|
|
Change in fair value of call options and warrants
|
|
0
|
|
(73)
|
|
Amortization of UTA's note discount and related expenses
|
|
0
|
|
50
|
|
Stock-based compensation
|
|
69
|
|
6
|
|
Income tax-effect of above non-GAAP adjustments
|
|
(9)
|
|
(7)
|
|
Total non-GAAP net income (loss) attributed to MICT
|
|
(456)
|
|
(307)
|
|
Non-GAAP net income (loss) per diluted share
|
|
(0.08)
|
|
(0.05)
|
|
Shares used in per share calculations
|
|
5,856,246
|
|
5,831,246
|
|