NJ TECH CORNER: Micronet Ernetec Technologies, Inc.
| Courtesy Micronet Enertec
Company Overview
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) is a Montvale-based developer and manufacturer of rugged computers and tablet computer-based systems for the commercial Mobile Resource Management market for the aerospace and defense markets. The company operates primarily two companies, Enertec Systems 2001 Ltd, a wholly owned subsidiary, and Micronet Ltd. The company was initially known as Lapis Technologies, Inc. when it was founded in 2002 but changed to its current name in 2013. The Montvale-based company has a global workforce of 162 employees.
Investment & Financial Information
|
Shares of common stock outstanding (as of April 27, 2018): |
9,144,465 |
|
Share price of stock (as of April 27, 2018 ) |
$1.54 |
|
Share price of stock (one year ago) |
$1.26 |
|
Current valuation (as of April 27, 2018) |
$14.1 million |
|
Valuation one year ago |
$ 7.8 million |
|
Stock Symbol: |
MICT |
|
Revenues (as of Dec. 31, 2017) |
$18.366 million |
|
Revenues (previous year) |
$13.284 million |
|
Net Income (Loss) (as of Dec. 31, 2017) |
($9.961 million) |
|
Net Income (previous year) |
($7.513 million) |
Management Team
|
Name |
Age |
Title |
|
David Lucatz |
61 |
Chairman, CEO and President |
|
Tali Dinari |
47 |
Chief Financial Officer |
Board of Directors
|
Name |
Age |
Title |
|
David Lucatz |
61 |
Chairman, CEO and President; Chairman, CEO and President, DL Capital Ltd. |
|
Chezy (Yehezkel) Ofir |
66 |
Member of the boards of directors of various companies; faculty member and chairman of the marketing department at Hebrew University |
|
Jeffrey Bialos |
62 |
Partner, Sutherland, Asbill & Brennan LLP; Member of the New Council on Foreign Relations; former U.S. Deputy Undersecretary of Defense for Industrial Affairs |
|
Miki Balin |
47 |
Founder and CEO, Targetingedge Ltd.; General Manager, Rina Shinfield Ballet Theater |
Noteworthy Control
|
Name |
Shares of common stock owned |
% of total common shares |
|
David Lucatz |
2,547,200 |
28.4%
|
|
D.L. Capital Ltd. |
2,597,200 |
28.4.7% |
|
UTA Capital LLC |
726,746 |
7.95% |
|
Meydan |
600,000 |
6.56% |
[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]
