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I think they still shorting it holding it down... OTCX been on the hammer for a while absorbing shares... CDEL just backed off a few minutes ago.
On the bid, eyeing more but holding off for now to see if bids fill.... not looking likely though.
Historical Short Volume Data for TMNA
Date Close High Low Volume Short Volume % of Vol Shorted
Aug 22 NA NA NA 18,975 15,205 80.13
Aug 19 NA NA NA 6,266 3,256 51.96
Aug 18 NA NA NA 300 100 33.33
Aug 17 NA NA NA 390 51
Same sold some other positions to get more here... looking around at what I can do... this shit to good to pass up adding more here.
On the bid and buying up... CDEL/OTCX holding it down however wonder how many they going to sell there before moving it up.
If they going short fine ill buy more the more short they go the better the BOOM will be once Nasdaq!
Wish I had more free cash
$TMNA: SharePrice ws $6 in Jan & Feb 2022
We should easily be able to crack thru that here shortly before Nasdaq uplisting
but this is where all the lowliers were sitting at originally like $AERC before
they surged well over $20
GO $TMNA
For real, goose bumps reading this MASSIVE revenue report!!!
268 million in revenue we at $1 LMFAO... Opportunity of a lifetime with this African Fin-tech company... African economies about to BOOM!
$TMNA: This is the MOSTTTTTTTTTT UNDERVALUED TICKER
On the PINKS right now....... by a LONGGGGGGGGGG SHOT
I mean..... this Quarterly Report just MASSIVE !
I know SEC is reviewing their Nasdaq Submission documents right now but
This ticker is an automatic shoo-in at this rate by a MILLION MILES.
I can't believe how undervalued we are right now.
With Fins like these we should be wellllllll over $30/sh
I'm setting my sells at $50 which i really believe it should get to.
Instead you get these other Tickers with not even HALF their revenues like
$GCT that are surging to over $60 SHARE
LOAD LOAD AND LOAD.......... MARK THIS POST.
$1.30 is the CHEAPEST PRICE EVER !!!!!!!!!!!
GO $TMNA
INSANNNNEEEE REVENUES!!!
Gotta grab MORE!!!
167% Increase in Revenues and 139% Increase in Operating Profit for Q2 2022 vs Q2 2021
NEW YORK , Aug. 23, 2022 (GLOBE NEWSWIRE) -- Tingo, Inc , OTC Markets (TMNA) (“Tingo” or the “Company”) filed its quarterly report on Form 10-Q, wherein the Company reported its financial results for the three and six months ended June 30, 2022 . The following are some of the highlights:
Revenues. Net revenues totalled $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%.
Gross Profit. Q2 2022 gross profit amounted to $164.2 million , an increase of 208.6% versus Q2 2021 gross profit of $53.2 million .
Operating Income. Q2 2022 operating income amounted to $122.0 million , an increase of 139.2% as compared to Q2 2021 operating income of $51.0 million , and an increase of 71.3% on Q1 2022 operating income of $71.2m Non-GAAP Adjusted Operating Income. After adjusting for share-based compensation payments of $29.2 million during Q2 2022, non-GAAP adjusted operating income amounted to $151.2 million , up from $51.0 million in Q2 2021 and $143.2 million in Q1 2022.
Agri-Fintech Revenue Growth from Q1 2022. On a quarter-on-quarter basis, Agri-Fintech revenue, generated through Tingo’s Nwassa Agri-Fintech marketplace platform, grew by $9.4 million from $121.5 million in Q1 2022 to $ 130.9 million for Q2 2022, an increase of 7.7%.
Agri-Fintech Revenue as an Increasing Component of Overall Revenue. Q2 2022 Agri-Fintech revenue amounted to $130.9 million , or 48.7% of total revenue, with mobile telephony, data and leasing comprising the remainder. By comparison, during Q2 2021, Agri-Fintech revenue amounted to $35.0 million , or 34.8% of total revenue. Year-on-year growth of Agri-Fintech revenues was 274.0%.
Merger Transaction with MICT. The Company’s filing of a joint registration and proxy statement with MICT, Inc. on July 26, 2022 marked a major milestone in progressing towards the completion of the merger announced by the parties on June 15, 2022 .
Tingo’s Nwassa business is comprised of several fintech solutions, including the Company’s proprietary Agri-Fintech platform, in addition to airtime top-ups, mobile telephone insurance, utility payments, and brokerage on loans. The Company believes the continued growth in its revenues from Nwassa is indicative of the value generated by such Agri-Fintech services for its 9.3 million existing mobile leasing customers. Tingo is also seeing an increasing number of its non-mobile leasing customers register for the Nwassa services.
Progress continues to be made towards the launch of the Company’s ‘SuperApp’ and its ‘Tingo Pay’ digital wallet, which is powered by Visa . After a successful beta trial, the full-scale launch of the ‘Super App’ and ‘Tingo Pay’ is expected in the second half of 2022. These highly complementary services will promote financial inclusion to millions of farmers and agricultural workers, providing them with access to the banking ecosystem.
In parallel to the ongoing growth and development of the Tingo’s business, the Company continues to progress towards the completion of its merger with Nasdaq listed fintech company MICT, Inc.
Commenting on the financial results of the Company for the first half of 2022, Dozy Mmobuosi, Chief Executive Officer, stated: “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first quarter and continuing to deliver growth of our Agri-Fintech business. At the end of the second quarter, our Nwassa platform accounted for almost 50% of total revenue, with more than $5 billion in gross transactions processed through our payments system. We are on track to launch the Tingo SuperApp in the second half of this year, which should provide even greater commercial opportunities and financial empowerment for our existing customers, as well as further incentive to other farmers and potential new customers to become subscribers and utilize our marketplace and fintech platforms. We also look forward to completing our merger with MICT, with the aim of accelerating our expansion throughout Africa , and into Asia and other key new markets”
$TMNA: MONSTER NEWS.... MASSIVE REVS for PINK OTC
GET READY TO SKYROCKET ON THESE AMAZING EARNINGS RESULTS today
https://www.globenewswire.com/news-release/2022/08/23/2502998/0/en/TINGO-RELEASES-RESULTS-FOR-SECOND-QUARTER-OF-2022.html
GO $TMNA
**********************************************************
TINGO RELEASES RESULTS FOR SECOND QUARTER OF 2022
August 23, 2022 08:30 ET | Source: Tingo, Inc.
...
Growth in Nwassa Agri-Fintech Business Drives 167% Increase in Revenues and 139% Increase in Operating Profit for Q2 2022 vs Q2 2021
NEW YORK, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Tingo, Inc, OTC Markets (TMNA) (“Tingo” or the “Company”) filed its quarterly report on Form 10-Q, wherein the Company reported its financial results for the three and six months ended June 30, 2022. The following are some of the highlights:
Revenues. Net revenues totalled $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%.
Gross Profit. Q2 2022 gross profit amounted to $164.2 million, an increase of 208.6% versus Q2 2021 gross profit of $53.2 million.
Operating Income. Q2 2022 operating income amounted to $122.0 million, an increase of 139.2% as compared to Q2 2021 operating income of $51.0 million, and an increase of 71.3% on Q1 2022 operating income of $71.2m
Non-GAAP Adjusted Operating Income. After adjusting for share-based compensation payments of $29.2 million during Q2 2022, non-GAAP adjusted operating income amounted to $151.2 million, up from $51.0 million in Q2 2021 and $143.2 million in Q1 2022.
Agri-Fintech Revenue Growth from Q1 2022. On a quarter-on-quarter basis, Agri-Fintech revenue, generated through Tingo’s Nwassa Agri-Fintech marketplace platform, grew by $9.4 million from $121.5 million in Q1 2022 to $ 130.9 million for Q2 2022, an increase of 7.7%.
Agri-Fintech Revenue as an Increasing Component of Overall Revenue. Q2 2022 Agri-Fintech revenue amounted to $130.9 million, or 48.7% of total revenue, with mobile telephony, data and leasing comprising the remainder. By comparison, during Q2 2021, Agri-Fintech revenue amounted to $35.0 million, or 34.8% of total revenue. Year-on-year growth of Agri-Fintech revenues was 274.0%.
Merger Transaction with MICT. The Company’s filing of a joint registration and proxy statement with MICT, Inc. on July 26, 2022 marked a major milestone in progressing towards the completion of the merger announced by the parties on June 15, 2022.
Tingo’s Nwassa business is comprised of several fintech solutions, including the Company’s proprietary Agri-Fintech platform, in addition to airtime top-ups, mobile telephone insurance, utility payments, and brokerage on loans. The Company believes the continued growth in its revenues from Nwassa is indicative of the value generated by such Agri-Fintech services for its 9.3 million existing mobile leasing customers. Tingo is also seeing an increasing number of its non-mobile leasing customers register for the Nwassa services.
Progress continues to be made towards the launch of the Company’s ‘SuperApp’ and its ‘Tingo Pay’ digital wallet, which is powered by Visa. After a successful beta trial, the full-scale launch of the ‘Super App’ and ‘Tingo Pay’ is expected in the second half of 2022. These highly complementary services will promote financial inclusion to millions of farmers and agricultural workers, providing them with access to the banking ecosystem.
In parallel to the ongoing growth and development of the Tingo’s business, the Company continues to progress towards the completion of its merger with Nasdaq listed fintech company MICT, Inc.
Commenting on the financial results of the Company for the first half of 2022, Dozy Mmobuosi, Chief Executive Officer, stated: “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first quarter and continuing to deliver growth of our Agri-Fintech business. At the end of the second quarter, our Nwassa platform accounted for almost 50% of total revenue, with more than $5 billion in gross transactions processed through our payments system. We are on track to launch the Tingo SuperApp in the second half of this year, which should provide even greater commercial opportunities and financial empowerment for our existing customers, as well as further incentive to other farmers and potential new customers to become subscribers and utilize our marketplace and fintech platforms. We also look forward to completing our merger with MICT, with the aim of accelerating our expansion throughout Africa, and into Asia and other key new markets”
Dakshesh Patel, the Company’s Chief Financial Officer, added: “Our financial results evidence the consistent growth of our Agri-Fintech services and the strong level of trust and loyalty that Tingo continues to build with our customer base. Importantly, we have seen a significant increase in transaction numbers without compromise of our pricing, confirming the value that the Nwassa Agri-Fintech platform delivers to our customers. We are very pleased to see a marked month on month increase in the level of gross transactions processed and the continuing trend indicates we should achieve further growth in the second half of the year”
About Tingo
Tingo is the leading Agri Fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Our unique ‘device as a service’ model allows us to add market leading applications to enable customers to trade, buy top ups, pay bills, access insurance and lending services. With 9.3 million existing leasing customers, Tingo is seeking to expand its operations across select markets in Africa. The Company’s strategic plan is to become the eminent Pan African Agri-Fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses. Additional information about the Company can be found at www.tingoinc.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company’s operations, as well as those contained in the Company’s quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Contacts
Corporate and Media Contacts:
Tingo, Inc.
(646) 847-0144
Rory Bowen
Chief of Staff – Tingo Inc
rory.bowen@tingoinc.com
Cant wait to win big on Nasdaq here, then flip and hold a few when this goes $10+
!!! LFG !!!
Yea that was dope for the minute it was on, 7500 though at 1.07 is still decent.... looking great here!
just one exembel nio have float 1,3 billion and 52 weekss high around 50 usd and wee our float tight for one billion revenue generating company and high profitable as wee going to nasdaq 52 weeks high ???
MONTVALE, NJ, July 27, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” ot the “Company”) announces that it has received a letter from Nasdaq granting it an additional 180-day extension, or until January 23, 2023 to evidence compliance with Nasdaq’s $1.00 minimum bid price requirement.
The Company can cure this deficiency if the closing bid price of its shares of Common Stock is $1.00 per share or higher for at least 10 consecutive business days during this second compliance period. The Company intends to regain compliance with the minimum bid price requirement on or before January 23, 2023.
MICT believes the closing of its proposed merger (the “Merger”) with Tingo, Inc., a Nevada corporation will resolve its minimum bid price requirement. If for some reason the Merger does not close within the prescribed period or the minimum bid price is not otherwise met, MICT will consider alternative options to regain compliance. During this time, the Company's shares of Common Stock will continue to be listed and traded on the Nasdaq Capital Market, and this notice will have no effect on the operations of the Company's business.
Officers and Directors all got theres also recently... they ready as well... Im sure there are some fine African wines and champagnes, getting ready to pop open once this merger clears!!
CEO of new merged company Dozy Mmobousi holding 33+ million, they going to expand this behemoth into Asia, perfect for massive growth!!!
Thats nice, closing in on that as well.
1 billion fintech merger my personally target idea 20 - 49,99 usd :::))) and realistic can even bee moore we never know but looks float are tight so if matket take tingo positive we moove fast
Tingo earnings today?
All in.. I would be happy with $10!!!
$TMNA: SEC now reviewing TingoMobile MERGER documents
Looks like our Nasdaq UPLIST is just around the corner now.
LOOKING very solid and stupid cheap here at $1
We'll be at $30sh beffore the year is OVER
https://www.globenewswire.com/en/news-release/2022/07/26/2486147/0/en/TINGO-and-MICT-Announce-Filing-of-Form-S-4-Merger-Registration-and-Joint-Proxy-Statement.html
GO $TMNA
At anytime big hand can slap this to $2 easy looking like.
When it comes itll be fast people starting to load up more.
.89 x 1.27 Super thin to 1.90
Looking good today!!! Not much to push this higher!
26 shares traded today lol... lets see getting close every day to merger day!
MM INTL came down lower on the ask from on high.
Might have to wait a little longer but soon it will hit $10 $25 doable.
Patience.
$1 the Nasdaq minimum seems like a more than fair price.
That should net multiplesssssss!!!
Market had to prove me wrong again and again... looking like sub 1's coming again... ok ill take some cheap shares.
$TMNA: Unity buying Applovin today.................
Activity in the gaming fintech space happening today.
You know there were will be biggggggggggg time M&A in this space going forward.
And if US companies want some major representation in Africa, $TMNA is
an excellent way to get into given that TINGO is well established there.
All in all, TMNA is looking better than ever !
GO $TMNA
Only another few months merger goes through... plenty of time to add shares here.... until its not. 1's are good thinking we arent going to see any sub 1's anymore really.
This could get to 2 fast when its ready.
How high will it go once merger is completed 10 20 30 !!!
Good read... Thanks!
$TMNA: Don't mind me....... adding more at 1.10 now
Might as well while the getting is still this good
Get A CLUE !
https://techcabal.com/2022/08/08/investors-love-fintech/
GO $TMNA
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