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Tingo Group, Inc.

TIO•NASDAQ
Technology
Computer Hardware
$0.69
$0.00(0.00%)
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Over the last four quarters, Tingo Group, Inc. achieved steady financial progress, growing revenue from $110.76M in Q4 2022 to $586.22M in Q3 2023. Gross profit stayed firm with margins at 24% in Q3 2023 versus 53% in Q4 2022. Operating income totaled $50.10M in Q3 2023, maintaining a 9% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $121.85M. Net income dropped to $20.75M, with EPS at $0.11. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.

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