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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $586.22M | $977.17M | $851.25M | - | $13.76M | $11.96M | $9.56M | - | $18.52M | $12.34M |
| Cost of Revenue | $448.34M | $631.15M | $464.39M | - | $10.56M | $9.88M | $8.30M | - | $15.77M | $11.68M |
| Gross Profit | $137.89M | $346.02M | $386.85M | - | $3.19M | $2.07M | $1.26M | - | $2.75M | $666.0K |
| R&D | $314.0K | $333.0K | $363.0K | - | $568.0K | $346.0K | $595.0K | - | $396.0K | $388.0K |
| SG&A | $74.88M | $23.42M | $29.63M | - | $9.23M | $13.66M | $7.33M | - | $6.62M | $14.85M |
| Total Operating Expenses | $87.79M | $164.30M | $126.18M | - | $11.91M | $15.84M | $11.23M | - | $9.27M | $17.23M |
| D&A | - | - | $111.06M | - | - | - | $871.0K | - | - | - |
| Operating Income | $50.10M | $181.71M | $260.68M | - | ($8.71M) | ($13.77M) | ($9.97M) | - | ($6.52M) | ($16.57M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $16.74M | $61.78M | $85.91M | - | ($701.0K) | ($5.0K) | ($1.08M) | - | ($70.0K) | $17.0K |
| Net Income | $20.75M | ($14.34M) | $176.74M | - | ($7.67M) | ($14.34M) | ($8.69M) | - | ($5.33M) | ($18.40M) |
| EPS - Basic | $0.11 | $0.59 | $1.10 | - | ($0.06) | ($0.11) | ($0.07) | - | ($0.05) | ($0.16) |
| EPS - Diluted | $0.04 | $0.18 | ($0.07) | - | ($0.06) | ($0.09) | - | - | ($0.05) | $0.00 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $53.42M | $53.20M | $780.15M | $500.32M | $70.74M | $76.05M | $86.45M | $94.93M | $105.29M | $114.18M |
| Accounts Receivable | $359.19M | $366.02M | $356.77M | $11.54M | $9.08M | $12.03M | $14.41M | $17.88M | $20.64M | $16.05M |
| Inventory | $143.0K | $142.0K | - | $10.39M | - | - | - | $39.30M | - | - |
| Accounts Payable | $262.53M | $149.48M | $11.09M | - | $14.42M | - | - | - | - | - |
| Current Assets | $622.10M | $582.15M | $1.16B | $531.18M | $96.29M | $103.53M | $115.18M | $127.50M | $138.31M | $133.78M |
| Total Assets | $1.93B | $1.69B | $2.37B | $1.68B | $144.17M | $151.97M | $164.84M | $177.81M | $182.15M | $177.62M |
| Current Liabilities | $457.79M | $290.45M | $561.43M | $265.39M | $19.67M | $18.62M | $21.52M | $25.39M | $25.33M | $15.29M |
| Long-term Debt | - | - | $379.0K | $377.0K | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | $23.82M | $22.91M | $25.93M | - | $29.84M | $12.04M |
| Stockholders' Equity | $601.01M | $522.80M | $918.41M | $770.64M | $117.41M | $125.67M | $135.51M | $144.10M | $152.31M | $155.76M |
| Retained Earnings | $170.53M | $149.78M | $53.28M | ($123.46M) | ($107.09M) | ($99.42M) | ($85.08M) | ($76.39M) | ($68.15M) | ($62.82M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $242.79M | - | - | - | ($8.36M) | - | - | - |
| Investing Cash Flow | - | - | $56.85M | - | - | - | ($49.0K) | - | - | - |
| Financing Cash Flow | - | - | ($8.27M) | - | - | - | $14.0K | - | - | - |
| CapEx | - | - | $49.0K | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | $242.74M | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 23.5% | 35.4% | 45.4% | - | 23.2% | 17.3% | 13.2% | - | 14.8% | 5.4% |
| Operating margin | 8.5% | 18.6% | 30.6% | - | -63.3% | -115.2% | -104.3% | - | -35.2% | -134.3% |
| EBITDA margin | - | - | 43.7% | - | - | - | -95.1% | - | - | - |
| Net margin | 3.5% | -1.5% | 20.8% | - | -55.8% | -119.9% | -90.8% | - | -28.8% | -149.1% |
| Free cash flow margin | - | - | 28.5% | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 1.37 | - | - | - | - | - | - | - |
| R&D / Revenue | 0.1% | 0.0% | 0.0% | - | 4.1% | 2.9% | 6.2% | - | 2.1% | 3.1% |
| SG&A / Revenue | 12.8% | 2.4% | 3.5% | - | 67.1% | 114.3% | 76.6% | - | 35.7% | 120.4% |
| Effective tax rate | 44.7% | 130.2% | 32.7% | - | - | - | - | - | - | - |
| Return on assets | 1.1% | -0.9% | 7.5% | - | -5.3% | -9.4% | -5.3% | - | -2.9% | -10.4% |
| Return on equity | 3.5% | -2.7% | 19.2% | - | -6.5% | -11.4% | -6.4% | - | -3.5% | -11.8% |
| Return on invested capital | - | - | 19.1% | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.36 | 2.00 | 2.06 | 2.00 | 4.90 | 5.56 | 5.35 | 5.02 | 5.46 | 8.75 |
| Quick ratio | 1.36 | 2.00 | 2.06 | 1.96 | 4.90 | 5.56 | 5.35 | 3.47 | 5.46 | 8.75 |
| Cash ratio | 0.12 | 0.18 | 1.39 | 1.89 | 3.60 | 4.09 | 4.02 | 3.74 | 4.16 | 7.47 |
| Leverage | ||||||||||
| Debt / Equity | - | - | 0.00 | 0.00 | - | - | - | - | - | - |
| Debt / Assets | - | - | 0.00 | 0.00 | - | - | - | - | - | - |
| Debt / EBITDA | - | - | 0.00 | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.21 | 3.22 | 2.58 | 2.18 | 1.23 | 1.21 | 1.22 | 1.23 | 1.20 | 1.14 |
| Liabilities / Assets | - | - | - | - | 0.17 | 0.15 | 0.16 | - | 0.16 | 0.07 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | 0.58 | 0.36 | - | 0.10 | 0.08 | 0.06 | - | 0.10 | 0.07 |
| Inventory turnover | 3135.22 | 4444.74 | - | - | - | - | - | - | - | - |
| Days sales outstanding | 224d | 137d | 153d | - | 241d | 367d | 550d | - | 407d | 475d |
| Days inventory outstanding | 0d | 0d | - | - | - | - | - | - | - | - |
| Days payable outstanding | 214d | 86d | 9d | - | 498d | - | - | - | - | - |
| Cash conversion cycle | 10d | 50d | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4161.3% | 8071.7% | 8801.4% | - | -25.7% | -3.1% | 7.0% | - | 5205.2% | - |
| Revenue CAGR (3y) | 1088.7% | - | - | - | 83.8% | - | 171.7% | - | 102.9% | 37.9% |
| Revenue CAGR (5y) | 205.1% | 190.8% | 169.6% | - | 14.7% | 15.1% | 8.1% | - | 28.2% | 16.5% |
| Gross profit growth (YoY) | 4217.0% | 16591.6% | 30481.3% | - | 16.3% | 211.3% | -34.9% | - | 137200.0% | - |
| Operating income growth (YoY) | - | - | - | - | -33.6% | 16.9% | -108.4% | - | -8.4% | -2380.4% |
| Net income growth (YoY) | - | 0.0% | - | - | -44.0% | 22.1% | -94.7% | - | 62.3% | - |
| EPS growth (YoY) | - | - | - | - | -20.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 411.9% | 316.0% | 577.7% | 434.8% | -22.9% | -19.3% | -17.6% | 132.2% | 199.9% | 3483.2% |
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%
Peer comparison
Same SIC group: Food and Kindred Products
Comparing Tingo Group against the 5 most active filers in the same SIC group.