Breakout Alert: Friday December 2, 2022 Tingo, Inc. (TMNA) Mammoth Growth Includes Projected 2022 Revenue of Approx.
$1.2 Billion and Increased Net Revenue In Every Quarter of 2022! Hi 10X Member, This is Kevin Vander with â10XProTraderâ delivering you your next premium stock for Monday 10/10 trading session is (Ticker: TMNA). Immediately turn your attention to Tingo, Inc. (Ticker: TMNA) Tingo, Inc. (TMNA) is âtransforming rural farming communities providing connectivity and access to [an] extensive platform.â These objectives are backed not only by 20+ years of experience, but by significant stats including 30 million mobile devices sold, 9.3 million subscribers, and $8 Million in daily financial transactions. Billion Doâllar Merger With Nasdaq-Traded FinTech Company In another round of big news from Tingo, Inc. (Ticker: TMNA), the latest merger news with MICT, Inc. aims to bring Tingo Mobile into the fold of a Nasdaq company (Ref 3). The company has announced that a Definitive Information Statement has been filed with the SEC with a merger closing expected around November 30, 2022 (Ref 3). âThe merger of Tingo Mobile and MICT, Inc. is expected to create a highly profâitable Fintech and Agri-Fintech company, with annualized revenues expected to exceed $1.0 Billion, serving the African and Asian markets with a global expansion strategy.â (Ref 3) MICT, Inc. could prove to be a powerful ally. MICT, Inc. suite of consumer fintech services is aimed at 130 Chinese cities with âplanned expansion into additional marketsâ (Ref 18). This strong presence in Asia is furthered by memberships / registrations with the Hong Kong Stock Exchange and the London Stock Exchange, and its âhighly adaptableâ and âhighly scalableâ proprietary technology could offer opportunities beyond just the insurance and financial services markets (Ref 18). In addition to expediting Tingoâs food-produce export business, the merger âenables the acceleration of the development and launch of Tingoâs commodity platform and commodity trading businessâ (Ref 18). âWe are excited to join forces with MICT, Inc. to accelerate the expansion of our business throughout Africa and other regions, as well as dollarize Tingo Mobileâs Agri-Fintech platform, Nwassa and TingoPay. In addition, the merger of Tingo Mobile with a Nasdaq-listed company will enable us to have greater visibility in global financial markets, as well as provide us improved acquisition prospects in the Agri-Fintech space.â â Dozy Mmobuosi, the Chief Executive Officer of Tingo Mobile (Ref 3). Company Bio: Tingo Inc. (Ticker: TMNA) is a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa. The company aims to be Africaâs leading agri-fintech player, transforming rural farming communities to connect through its proprietary platform to meet their complete needs â from inputs and agronomy to off take and marketplace â and deliver sustainable income in an impactful way. The companyâs vision is to build complete digitally inclusive ecosystems that promote financial inclusion and deliver disruptive micro-finance solutions, empower societies, produce social upliftment in rural communities and open international opportunities. Tingo believes that a truly connected world will help contribute to a better global society. The companyâs core focus areas are telecoms, financial services/fintech and agritech. Tingoâs goal is to provide a best-in-class customer experience, support the domestic economies of its host countries and support technological and ï¬nancial inclusion to end the poverty premium. Through this, Tingo hopes to deliver attractive returns to shareholders while investing in the long-term future of the company and its subsidiaries. Global climate change is challenging sustainable production and food security. Tingoâs strategy and market execution provide an opportunity for Africa to be a core focal point to solve a number of key areas of concern, including food security, gender equality, financial inclusion and poverty alleviation, to name a few. Disruption of micro finance through the use of DeFi-based stable coins and smart contracts will give agri-communities access to capital markets-driven digital finance solutions that make them more competitive and sustainable economically, striking a good balance of returns between digital asset providers and Tingo as the service partner. This innovation will deliver significant access to much needed finance at âGrassrootâ levels, delivering tangible social upliftment and GDP growth in the African markets served by Tingo. Tingo Mobile, with more than nine million subscribers, is Nigeriaâs leading technology and device-as-a-service platform aimed at accelerating digital commerce, especially in the countryâs agritech and fintech verticals. The company helps farmers acquire mobile phones through a unique leasing plan, connecting them to mobile and data networks through its own virtual mobile network. Tingo also connects farmers to markets, services and resources via Nwassa, its digital agritech marketplace platform that commenced operations in 2020. The company has also launched a beta version of TingoPay â a B2B and B2C fintech app aimed at providing financial services to users inside and outside of the agriculture value chain. Among the services offered are mobile wallets, payment processing and access to specialist lenders, insurers and pension products. Tingo will soon announce its innovative blockchain-based solution for use of digital stable coins to empower frictionless trade across borders in Africa. The companyâs market-proven model is its core foundation, enabling Tingo to deliver the same service model across Africa to become the continentâs leading agri-fintech business powered through smartphone technology. The African Continental Free Trade (ACFT) plan will be a key framework to prepare the company to be the leading intra-Africa trading hub for trade flows across Africa in the medium term, when it is likely the agreement will be executed into tangible activity. Tingo is well positioned to easily transform the goals of the ACFT into reality when finally implemented by the African Union and the various African countries that have not signed up. Tingo, Inc. (TMNA) is a âOne Stop Shopâ Ecosystem
For Rural Farming Communities (Ref 10). With 2022 on track to be the best year yet for the company, each quarterly results report has been a new milestone. Growth in its agri-fintech marketplace platform, Nwassa, topped 64.8% between Q3 2021 and Q3 2022, and operating profits soared 53.9% during the same period (Ref 6). And as mentioned in the headline, operating income for the first 9 months of 2022 was 478.9% higher than during that period in 2021, which is $342.7 Million compared to $59.2 Million (Ref 6). The company is part of a major economic push in Africa, with $407 Billion in Foreign Direct Investments being recorded between 2014 and 2018 (Ref 13). With the continentâs rising population and the massive demand for agricultural products, itâs no surprise that African agribusiness is expected to reach a valuation of $1 Trillion by 2030, according to the World Bank (Ref 28). âWe remain focused on our vision and over-arching objective of striving to make a difference towards improving global food supply and tackling the worldâs food security crisis.â â Dozy Mmobuosi, Chief Executive Officer (Ref 6) Revenue - Q1 2022 Revenue: $257.1 Million and $65.5 Million in consolidated revenue and operating income (Ref 7) - Q2 2022 Revenue: $268.7 Million â 166.8% year-over-year growth (Ref 8) - Q3 2022 Revenue: $291.7 Million â 64.8% year-over-year growth (Ref 6) Gross Profits - Q4 2021: $128.5 Million (Ref 7) - Q1 2022: $153.2 Million â (Ref 7) - Q2 2022: $164.2 Million â 208.6% year-over-year growth (Ref 8) - Q3 2022: $268.8 Million - 53.9% year-over-year growth (Ref 6) TMNA Has "5" Key Potential Breakout Catalysts That Provide A Very Bullish Outlook! - The company is on track to achieve 2022 revenue of nearly $1.2 Billion, and net revenue has increased every quarter so far in 2022. Q3 2022 revenue of $291.7 million is 64.8% higher than during last year's period and gross profits of $268.8 million for Q3 2022 are 53.9% higher (Ref 6,7). - The company has reportedly already sold 30 million mobile devices and attracted 9.3 million customers, with signed trade agreements expected to add at least 22 million additional customers. (Ref 17,4) - Four distinct revenue streams are overseen by the company with its mobile phone leasing, mobile voice and data service, Agri-FinTech platform (Nwassa), and TingoPay digital wallet, the last of which is fueled by a five-year partnership with Visa (Ref 9). - A Definitive Information Statement has been filed with the SEC to complete the merger of Tingo Mobile with MICT, Inc. The merger with the Nasdaq-traded FinTech firm aims to âenable greater visibility in global financial marketsâ and âimprove acquisition prospects in the Agri-FinTech space.â (Ref 3). - Not only is there a signed trade agreement with the All Farmers Association of Nigeria to expand across Nigeria, but Tingo Mobile launched nationwide operations in Ghana and a trade deal with the Kingdom of Ashanti in November 2022. And with its upcoming merger with MICT, Inc., China and Asia could also be on the table (Ref 3,4,11). You need to add TMNA to the top of your watch list (first thing) Monday morning! I am urging all of our members to add TMNA to the top of your watch list right now, and be ready Monday morning. Yours for grater gains, Kevin Vander
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