TIO · Tingo Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $146.03M | $55.68M | $1.17M | $477.0K | $14.16M | $18.37M |
| Cost of Revenue | $81.24M | $46.46M | $1.23M | $846.0K | $10.65M | $14.09M |
| Gross Profit | $64.79M | $9.22M | ($58.0K) | ($369.0K) | $3.51M | $4.27M |
| R&D | $1.69M | $889.0K | $484.0K | $255.0K | $1.91M | $1.96M |
| SG&A | $58.16M | $36.49M | $14.23M | $3.03M | $6.34M | $4.12M |
| Total Operating Expenses | $76.58M | $47.12M | $16.52M | $3.50M | $12.60M | $8.94M |
| D&A | $39.77M | $3.09M | $1.78M | $88.0K | $1.42M | $1.32M |
| Operating Income | ($11.79M) | ($37.90M) | ($16.58M) | ($3.87M) | ($9.09M) | ($4.67M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $37.47M | ($1.79M) | ($326.0K) | $17.0K | $606.0K | ($10.0K) |
| Net Income | ($47.07M) | ($36.43M) | ($22.99M) | ($4.22M) | ($2.61M) | ($8.16M) |
| EPS - Basic | ($0.36) | ($0.32) | ($0.83) | - | - | - |
| EPS - Diluted | ($0.32) | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $500.32M | $94.93M | $29.05M | $3.15M | $2.17M | $2.11M |
| Accounts Receivable | $11.54M | $17.88M | $523.0K | - | $1.01M | $5.18M |
| Inventory | $39.30M | - | $2.00M | - | $4.34M | $4.98M |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $531.18M | $127.50M | $33.33M | $4.42M | $7.87M | $25.31M |
| Total Assets | $1.68B | $177.81M | $77.73M | $5.92M | $10.14M | $29.73M |
| Current Liabilities | $265.39M | $25.39M | $6.99M | $290.0K | $8.55M | $22.25M |
| Long-term Debt | $377.0K | - | - | - | - | $631.0K |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $770.64M | $144.10M | $62.06M | $3.24M | ($960.0K) | $379.0K |
| Retained Earnings | ($123.46M) | ($76.39M) | ($39.97M) | ($16.97M) | ($12.76M) | ($10.15M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.01M | ($33.02M) | ($8.30M) | ($3.80M) | ($5.32M) | ($4.62M) |
| Investing Cash Flow | $366.96M | ($8.85M) | ($3.28M) | ($1.04M) | $4.25M | $2.60M |
| Financing Cash Flow | ($10.71M) | $109.60M | $37.43M | $5.88M | $994.0K | $481.0K |
| CapEx | $39.65M | $32.0K | - | $57.0K | $44.0K | $189.0K |
| Free Cash Flow | $6.37M | ($33.06M) | - | ($3.85M) | ($5.36M) | ($4.80M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.4% | 16.6% | -4.9% | -77.4% | 24.8% | 23.3% |
| Operating margin | -8.1% | -68.1% | -1413.4% | -811.1% | -64.2% | -25.4% |
| EBITDA margin | 19.2% | -62.5% | -1261.6% | -792.7% | -54.2% | -18.2% |
| Net margin | -32.2% | -65.4% | -1960.1% | -884.1% | -18.4% | -44.4% |
| Free cash flow margin | 4.4% | -59.4% | - | -808.0% | -37.8% | -26.2% |
| FCF / Net income | -0.14 | 0.91 | - | 0.91 | 2.05 | 0.59 |
| R&D / Revenue | 1.2% | 1.6% | 41.3% | 53.5% | 13.5% | 10.7% |
| SG&A / Revenue | 39.8% | 65.5% | 1213.0% | 634.6% | 44.8% | 22.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -2.8% | -20.5% | -29.6% | -71.3% | -25.7% | -27.4% |
| Return on equity | -6.1% | -25.3% | -37.0% | -130.0% | 271.9% | -2152.2% |
| Return on invested capital | -1.2% | - | - | - | - | -365.2% |
| Liquidity | ||||||
| Current ratio | 2.00 | 5.02 | 4.77 | 15.23 | 0.92 | 1.14 |
| Quick ratio | 1.85 | 5.02 | 4.48 | 15.23 | 0.41 | 0.91 |
| Cash ratio | 1.89 | 3.74 | 4.16 | 10.88 | 0.25 | 0.10 |
| Leverage | ||||||
| Debt / Equity | 0.00 | - | - | - | - | 1.66 |
| Debt / Assets | 0.00 | - | - | - | - | 0.02 |
| Debt / EBITDA | 0.01 | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.18 | 1.23 | 1.25 | 1.82 | -10.57 | 78.45 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.09 | 0.31 | 0.02 | 0.08 | 1.40 | 0.62 |
| Inventory turnover | 2.07 | - | 0.61 | - | 2.45 | 2.83 |
| Days sales outstanding | 29d | 117d | 163d | - | 26d | 103d |
| Days inventory outstanding | 177d | - | 594d | - | 149d | 129d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 162.3% | 4646.5% | 145.9% | -96.6% | -22.9% | -19.3% |
| Revenue CAGR (3y) | 574.0% | 57.8% | -60.0% | -72.4% | -15.6% | -18.7% |
| Revenue CAGR (5y) | 51.4% | 19.6% | -45.1% | -57.5% | -16.8% | 0.6% |
| Gross profit growth (YoY) | 602.7% | - | 84.3% | - | -17.8% | 2.9% |
| Operating income growth (YoY) | 68.9% | -128.6% | -328.5% | 57.4% | -94.6% | 33.0% |
| Net income growth (YoY) | -29.2% | -58.4% | -445.2% | -61.6% | 68.0% | -40.5% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 28.1% | -11.6% | -14.7% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 434.8% | 132.2% | 1813.2% | - | - | -94.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$111.35M totalConsolidated$55.68M · 50.0%
Verticals And Technology$54.93M · 49.3%
Mobile Resource Management$726.0K · 0.7%
Online Stock Trading$18.0K · 0.0%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Food and Kindred Products
Comparing Tingo Group against the 5 most active filers in the same SIC group.