Tingo Group Inc

Earnings data Q1 2020

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Tingo Group excels in Q1, eyes China expansion and dividend

Tingo Group's strong financial performance and strategic initiatives position it as an attractive investment opportunity.
Focus on sustainable development goals and innovative solutions reflect the company's commitment to responsible growth.
Challenges in market valuation, expansion decisions, and shareholder expectations require careful navigation.
Opportunities in expanding warehouse network, entering new markets, and launching new platforms offer avenues for growth.

Tingo Group Inc reports robust Q2 earnings amidst challenges

Tingo Group Inc overcame challenges to deliver strong financial results in Q2 2023, driven by revenue growth, strategic acquisitions, and a focus on digital and financial inclusion. Despite facing headwinds, the company remains optimistic about future growth prospects and aims to increase dividends and potentially consider a share buyback.

Tingo Group reports revenue growth amidst challenges, eyes expansion opportunities

Tingo Group navigated challenges to achieve revenue growth, expand operations, and focus on its mission of digital inclusion and food security. The company is poised for growth in new markets and services while addressing internal and external challenges.

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Tingo Group, Inc. operates through its subsidiaries, focused on the growth and development of its financial technology offerings. The firm uses its proprietary trading technology platforms to serve a range of growth sectors in the fintech space, including online brokerage for equities trading, online investment and wealth management services, sales of insurance products, and trading in certain commodities. It is also involved in the growing telematics and commercial mobile resource management market, with a focus on designing, developing, manufacturing, and selling mobile computing solutions that provide fleet operators and field workforces with computing solutions. The company was founded on January 31, 2002 and is headquartered in Montvale, NJ.

MONTVALE, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today announced that the Company intends to voluntarily terminate the listing of its common stock on the Nasdaq Stock Market (“Nasdaq”).

Tingo Group, Inc. to File Form 25 to Voluntarily Delist its Common Stock from the Nasdaq Stock Market

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Tingo Group Receives Nasdaq Notification Relating to its Recently Filed Financial Statements Non-Reliance Disclosure

Tingo Group (NASDAQ: TIO) stock price has been frozen in the past two months as woes in the company have intensified. After peaking at $5.69 in May 2023, the shares had crashed to $0.69, erasing over $3 billion in value.

What really happened to Dozy Mmobuosi Tingo Group stock?

MONTVALE, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), has today announced that Mr.

Tingo Group Announces Interim Co-CEO to Temporarily Step Down by Mutual Agreement

Five Nominations Include Best Company in Food Security and Best Company in Poverty Reduction Fellow Nominees Including Nestle, Unilever, Dangote Sugar, Anheuser-Busch's International Breweries, Fidelity Bank, Total Energies and Airtel MONTVALE, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable, multi-national fintech, agri-fintech, food processing and commodity trading company, today announced that its Corporate Social Responsibility (CSR) and Sustainability efforts have been recognized through its nomination as a finalist in five categories at the 17th annual SERAS Africa CSR & Sustainability Awards.

Tingo Group's Commitment to Corporate Social Responsibility and Sustainability Recognized with SERAS Africa CSR / Sustainability Awards Nominations

Tingo Group Receives Nasdaq Request for Information Following Expiry of Securities & Exchange Commission's Temporary Suspension of Trading in the Company's

Tingo Group Receives Nasdaq Request for Information Following Expiry of Securities & Exchange Commission's Temporary Suspension of Trading in the Company's Securities

Tingo Group, Inc. (NASDAQ:TIO ) Q3 2023 Results Conference Call November 14, 2023 8:00 AM ET Company Participants Kenneth Denos - Co-Chief Executive Officer Operator Greetings, and welcome to the Tingo Group Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Tingo Group, Inc. (TIO) Q3 2023 Earnings Call Transcript

Net Revenues for the 9 Months Ended September 30, 2023 Amounted to $2.41 Billion Operating Profit for the 9 Months Ended September 30, 2023 Amounted to $492.5 Million and EBITDA 1 for the 9 Months Amounted to $777.9 Million Lease of 6 Million New Phones and Corresponding Customer Onboarding to Nwassa Platform Scheduled to Commence from December 2023 International Expansion Gaining Pace with Pilot Program Launch in Malawi and MOU Signed with Government of Pakistan for Nationwide Rollout Management to Host Conference Call Today at 8:00 a.m. Eastern Time MONTVALE, N.J.

Tingo Group, Inc. Reports Third Quarter 2023 Financial Results

AFAN Launches Nationwide Marketing of the Nwassa Marketplace Platform to all its Members AFAN to Promote Nwassa Platform to its Farmers as their Recommended Method for the Purchase of Farming Inputs; Sale of Agricultural Produce; and Purchase of a Range of Value-added Services Six Million New Tingo Mobile Smartphones to be Leased by AFAN Beginning in December 2023 First Rice Harvest on Land Cultivated Through AFAN and Tingo Mobile Partnership Commenced, Plans to Increase Scope of the Program to Cultivate Larger Areas of Land Tingo Mobile, AFAN and PCX Partnership's Warehouse Network Now Being Utilized Nationwide MONTVALE, N.J., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable, multi-national fintech, agri-fintech, food processing and commodity trading company, today announced that its trade partner, the All Farmers Association of Nigeria (“AFAN”), has formally adopted Tingo Mobile's Nwassa as its exclusive marketplace platform for its members.

All Farmers Association of Nigeria (AFAN) Exclusively Adopts Tingo Mobile's Nwassa Marketplace Platform for its Members

MONTVALE, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable multi-national fintech, agri-fintech, food processing and commodity trading company, today announced that it will hold a conference call on Tuesday November 14, 2023 at 8:00 a.m.

Tingo Group to Host Third Quarter 2023 Results Conference Call on Tuesday November 14, 2023 at 8:00 a.m. Eastern Time

MONTVALE, N.J., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech, food and commodity trading company, today announced that it has executed a Memorandum of Understanding (“MOU”) with the Khyber Pakhtunkhwa Information Technology Board (“KPITB”) to launch and roll out the Company's business and service offerings into Pakistan.

Tingo Group Signs Agreement with Governmental Body in Pakistan for Implementation and Rollout of Tingo's Businesses Throughout the Country

MONTVALE, N.J., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech, food and commodity trading company, today announced the opening of a prestigious new Africa headquarters in Lagos, Nigeria.

Tingo Group Opens New Headquarters for Africa to Facilitate Acceleration of Expansion Plans and Growth

Conversion of Series B Preferred Stock Expected to Occur within Extended Forbearance Period Provides Update on Previously Announced Dividend MONTVALE, N.J., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech, and food company, today announced it has entered into a new forbearance agreement with the holder of the Company's Series B Preferred Stock, under the terms of which the holder will extend the redemption period until at least December 31, 2023.

Tingo Group Extends Redemption Period of Series B Preferred Stock to December 31, 2023

Full Version Launched on Both iOS and Android Following Successful Beta Test New Functions Including Retailer Voucher Cards, Educational and Exam Payments, Cable Television Subscriptions and Electricity Bill Payments Integrated Visa Debit Card, Digital Wallet and Bill Pay Through Tingo Mobile's Pan-African Partnership with Visa Visa Powered Merchant Services Aims to Transform Commerce and Trade Opportunities for Africa's Farmers and SME Businesses MONTVALE, N.J., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today announced the launch of the next-generation version of its super app, TingoPay.

Tingo Group Launches Next Generation of TingoPay Super App

Company Reiterates that the Detailed Investigation Completed on August 30, 2023 Disproved All the Short Seller's Allegations Against the Company Company Reiterates that the Detailed Investigation Completed on August 30, 2023 Disproved All the Short Seller's Allegations Against the Company

Tingo Group Issues Response to Short-Seller's Statement of September 5, 2023

MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research (“Hindenburg”) on August 31, 2023.

Tingo Group Issues Response Into Further Allegations Made Against the Company by Short-Seller

Tingo Group, Inc. (NASDAQ:TIO ) Q2 2023 Earnings Call Transcript August 31, 2023 8:00 AM ET Company Participants Darren Mercer - Chief Executive Officer Kevin Chen - CFO Scott Gordon - President-CoreIR Operator Greetings and welcome to the Tingo Group Second Quarter 2023 Financial Results Conference Call. All participants are in a listen-only mode.

Tingo Group, Inc. (TIO) Q2 2023 Earnings Call Transcript

Net Revenues for the Second Quarter 2023 of $977.2 Million, an Increase of 8,072% Compared to Q2 2022 Removal of Certain of Nigeria's Foreign Exchange Restrictions Expected to Accelerate Dollarization of Business, However U.S. Dollar Conversion of Financial Results of Tingo Mobile and Tingo Foods for Second Quarter Adversely Impacted by Devaluation of Naira Export Business Commenced Sales in May 2023, Generating $348.0 Million of Revenues in Q2 2023 Investment Purchase of 6 Million Tingo Mobile Handsets for New All Farmers Association of Nigeria Customers, Expected to be Delivered within the Next 60 Days Announces Board Approval of Quarterly Dividends, to Set Record Data as Soon as Practicable Management to Host Conference Call Today at 8:00 a.m. Eastern Time MONTVALE, N.J.

Tingo Group, Inc. Reports Second Quarter 2023 Financial Results

MONTVALE, N.J., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, today announced that it will hold a conference call on Thursday August 31, 2023 at 8:00 a.m. Eastern Time to present its results for the second quarter ended June 30, 2023 and provide a business update. A press release detailing the results will be issued prior to the call.

Tingo Group to Host Second Quarter 2023 Results Conference Call on Thursday August 31, 2023 at 8:00 a.m. Eastern Time

MONTVALE, N.J., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today announced it has completed the investigation of the allegations made by short seller Hindenburg Research (“Hindenburg”), that relate directly to the Company and its businesses.

Tingo Group Announces Completion of Investigation Into Allegations Made Against the Company in Short-Seller Report and Issues its Response

MONTVALE, N.J, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, today announced that on August 22, 2023, it received written notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the period ended June 30, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

Tingo Group Receives Nasdaq Notification Relating to its Delayed Quarterly Report on Form 10-Q Filing

MONTVALE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has further postponed its second quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023.

Tingo Group to Postpone Second Quarter 2023 Earnings Release, Conference Call and Filing of Form 10-Q

MONTVALE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has briefly postponed its second quarter 2023 conference call and the filing of its Form 10-Q for the period ended June 30, 2023, to after the market closes today.

Tingo Group Reschedules Second Quarter 2023 Results Conference Call to 5:00 p.m. Eastern Time Today, Monday, August 21, 2023

MONTVALE, N.J., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has briefly postponed its second quarter 2023 conference call and the filing of its Form 10-Q for the period ended June 30, 2023. This is to allow independent counsel, retained by Tingo's independent directors, the additional time it requires to complete its independent review of the allegations made in the Hindenburg short-seller report.

Tingo Group Reschedules Second Quarter 2023 Results Conference Call and 10-Q Filing

Tingo (TIO) is likely to witness a year-over-year increase in earnings and revenues in the second quarter of 2023.

News for Tingo Group Inc Stock (TIO)