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Tingo Group Inc   (NASDAQ: TIO)
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Price: $0.6900 $-0.02 -2.197%
Day's High: $0.7999 Week Perf: 2.4 %
Day's Low: $ 0.67 30 Day Perf: -23.4 %
Volume (M): 6,896 52 Wk High: $ 0.00
Volume (M$): $ 4,758 52 Wk Avg: $0.00
Open: $0.71 52 Wk Low: $0.00



 Market Capitalization (Millions $) 364
 Shares Outstanding (Millions) 527
 Employees 12
 Revenues (TTM) (Millions $) 1,953
 Net Income (TTM) (Millions $) 247
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 474

Tingo Group Inc
Tingo Group Inc is a Canadian technology company specializing in developing and operating online marketplaces for travel services, with its headquarters located in Toronto, Ontario. The company's core business is focused on offering consumers access to hotels and other lodging services, providing a platform that allows them to easily compare prices, read reviews, and make bookings through a secure online platform.

Tingo was founded in 2010 by a team of experts in the online travel industry with the aim of revolutionizing the way travelers search for and book accommodation. The company's main website, www.tingo.com, was launched in 2012 as a hotel booking platform with a difference. Unlike other traditional travel booking sites, Tingo's platform automatically re-books customers' hotel rooms if it detects a lower rate after the customer has made a booking. This ensures that customers get the best available rates without having to waste time monitoring rates manually.

Tingo has formed partnerships with leading hotel chains and travel suppliers worldwide, such as Booking.com, Expedia, Hilton, and Marriott, among others, to provide access to a vast inventory of accommodation options for its customers. This allows Tingo to offer competitive prices and attractive packages to customers, driving customer loyalty and repeat business.

Moreover, the company has invested heavily in creating a user-friendly platform that makes it easy for customers to find the best deals and make bookings seamlessly. The platform features advanced search functionalities, personalized recommendations, and user reviews, among other features that enhance the overall customer experience.

In addition to its core business of hotel booking, Tingo has expanded its offering to include other related travel services such as car rentals, flights, and vacation packages. The company uses data analytics and artificial intelligence technologies to understand customer behavior and preferences, enabling it to offer personalized product offerings and provide a better user experience.

Tingo's commitment to providing a seamless customer experience, its industry partnerships, and cutting-edge technology have been recognized by various industry awards, including the Canadian Innovation Award, the Webby Awards, and the Ernst & Young Entrepreneur of the Year award.

In conclusion, Tingo Group Inc is a leading Canadian technology company that specializes in operating online marketplaces for travel services. The company has built a reputation for providing customers with innovative and personalized solutions while maintaining a commitment to excellence in customer service, product quality, and industry partnerships.


   Company Address: 28 West Grand Avenue Montvale 7645 NJ
   Company Phone Number: 225-0190   Stock Exchange / Ticker: NASDAQ TIO


   

Stock Performances by Major Competitors

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Stock Market Announcement

Tingo Group, Inc. Announces Voluntary Delisting from Nasdaq Stock Market

Published Tue, Feb 20 2024 10:00 PM UTC


In a recent press release, Tingo Group, Inc. has announced its decision to voluntarily delist its common stock from the Nasdaq Stock Market. The company is set to file Form 25 with the Securities and Exchange Commission to initiate the delisting process.
This decision has significant implications for shareholders of Tingo Group, Inc. With 527.222097 million shares o...

Earnings announcement

Tingo Group: Igniting a Digital Revolution in Pakistan's Business Landscape

Published Tue, Oct 24 2023 3:30 PM UTC

Tingo Group Partners with Governmental Body to Revolutionize Business Landscape in Pakistan
In a groundbreaking move, the Tingo Group has recently signed an agreement with a governmental body in Pakistan to implement and roll out its diverse range of businesses throughout the entire country. This strategic partnership aims to redefine the business landscape of Pakistan a...

Tingo Group Inc

Tingo Group Inc Soars to New Heights with 8071.676% Increase in Revenue and $0.18 Earnings per Share


Introduction
Tingo Group Inc, a well-established food processing company, has recently reported its financial results for the second quarter ending June 30 in 2023. The company's revenue experienced a staggering increase of 8071.676% year on year, reaching $977.17 million. Moreover, after a previous reporting season dip in profits, Tingo Group Inc showed remarkable progress, reporting positive earnings of $0.18 per share. This article will examine these impressive financial results in the context of the company's stock performance.
Rise in Revenue and Profit Margin
Tingo Group Inc managed to surpass market expectations with its strong quarterly performance, as revenue continued to grow by 14.793% to $977.17 million. Comparing this to the preceding reporting season, where revenue stood at $851.25 million, the company exhibited a commendable increase in sales.

Tingo Group Inc

Tingo Group Inc's Profitability Skyrockets: 8801% Revenue Growth Marks a Historic First Quarter in 2023

Tingo Group Inc is a fast-growing company that has been making waves in the business world due to its impressive revenue growth in recent years. Despite its relatively short history, Tingo Group has succeeded in establishing a reputation for delivering excellent results, and its first quarter of 2023 performance is a testament to that.
The company has been on a remarkable growth trajectory, which is reflected in the stunning 8801.443 % year-on-year revenue growth it achieved in the January to March 31, 2023 period. During this period, Tingo Group's revenue reached $851.25 million, an impressive feat for a company that is barely a decade old.










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