Tingo, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:16 pm EDT
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Tingo, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was USD 11.22 million compared to net income of USD 72.55 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.06 a year ago.
For the six months, net loss was USD 30.13 million compared to net income of USD 105.2 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.09 a year ago.
Agri-Fintech Holdings, Inc., formerly Tingo, Inc., is an agri-fintech company. It offers a platform service through the use of smartphones-device as a service (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities of growing and selling their production to market participants both domestically and internationally. The ecosystem provides a one-stop shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, and access to insurance services and microfinance to support their value chain from seed to sale.
AGRI-FINTECH HOLDINGS, INC. 
