Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • ROOMS:

BillionDollarBreaks – Tingo Inc. (TMNA) Announces Strong Q3 2022 Results, Positioned for Continued Growth and Acceleration of Expansion Strategy

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and nine months ended Sept. 30, 2022. Among the highlights, the company reported growth in its Nwassa agri-fintech business that has driven increases of 64.8 % in revenues and 53.9 % in operating profit as compared to Q3 2021. In addition, the company reported that it has filed a definitive Information Statement on Schedule 14C, marking a major milestone towards completion of the merger of Tingo Mobile PLC, the company’s sole operating subsidiary (“Tingo Mobile”), with MICT Inc. (NASDAQ: MICT), a Nasdaq-traded financial technology firm. MICT also announced its operating results for the third quarter of 2022, which reflected a 15% increase in quarter-over-quarter revenue, as well as a 54% quarter-over-quarter increase and 16% year-over-year increase in gross profit.

“We are pleased to once again report a strong set of results, where we have achieved further robust growth in both revenue and earnings. With our revenues now tracking at almost $1.2 billion per annum , and operating income tracking at approximately $600 million per annum, we believe the company is well positioned to deliver a further increase in profitability in Q4 2022, followed by an acceleration in growth in 2023,” said Tingo’s CEO Dozy Mmobuosi. “The combination of our growth in revenues and earnings from our existing customer base and our expansion into new products, such as Tingo Mobile, as well as our signing of significant new trade deals and our international expansion, gives us significant potential for both short-term and long-term growth. In addition, our soon to be completed merger with MICT is allowing us to accelerate a number of key parts of our expansion strategy, including in relation to the forthcoming launch of a commodity platform and our export business. Most importantly, as we continue to deliver against strategy, we remain focused on our vision and over-arching objective of striving to make a difference towards improving global food supply and tackling the world’s food security crisis.”

To view the full press releases, visit and

About Tingo Inc.

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. Tingo’s novel “device-as-a-service” model allows it 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 customers, Tingo is seeking to expand its operations across select markets in Africa. Tingo’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. For more information about the company, visit

NOTE TO INVESTORS: The latest news and updates relating to TMNA are available in the company’s newsroom at

About BillionDollarClub

BillionDollarClub (BDC) is the exclusive home of the biggest and brightest companies covered by IBN, a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution to millions of social media followers, and (5) a full array of corporate communications solutions. This is the place you want to be, where every covered company has a market cap in excess of $1 billion. By cutting through the overload of information in today’s market, BDC brings its clients unparalleled visibility, recognition and brand awareness. While IBN’s client list includes companies big and small, BillionDollarClub is the gold standard.

To receive SMS text alerts from BillionDollarClub, text “Billion” to 844-397-5787  (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the BillionDollarClub website applicable to all content provided by BDC, wherever published or re-published:

BillionDollarClub (BDC)
Los Angeles, California
310.299.1717 Office

BillionDollarClub is part of the InvestorBrandNetwork.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.