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Financial News Releases

  • 12/6/18 12:00 pm EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics (NYSE: MIXT), a leading global provider of fleet and mobile asset management solutions, today announced that its President and Chief Executive Officer, Stefan Joselowitz, has established a pre-arranged trading plan to sell a portion of the ordinary shares (which will be first converted into American Depositary Shares (“ADSs”), each representing 25 ordinary shares of MiX) held by Mr. Joselowitz over a specific period of time. Themore...
  • 12/3/18 8:00 am EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT and JSE: MIX), a leading global provider of fleet and mobile asset management solutions, today announced that it will host an investor day on Thursday, December 6, 2018 in New York, NY. MiX Telematics executives will give presentations regarding the Company’s vision, strategy, key business initiatives, and financial goals. Presentations will begin at 9:30 a.m. ET andmore...
  • 11/27/18 10:30 am EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics Limited (NYSE:MIXT)(JSE:MIX), a leading global provider of fleet and mobile asset management solutions, announced that its Chief Executive Officer, Stefan Joselowitz, will present at the Raymond James 2018 Technology Investors Conference in New York City. MiX Telematics’ presentation is scheduled for Monday, December 3, 2018 at 4:10 p.m. Eastern Time and will be webcast live. An archive ofmore...
  • 11/14/18 10:00 am EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT and JSE: MIX), a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service ("SaaS"), MiX shareholders are referred to the unaudited interim financial results for the period ended September 30, 2018 published on November 1, 2018, wherein shareholders were informed that the MiX Telematics board of directors (“the Board”) had authorizedmore...
  • 11/1/18 6:00 am EDT

    An explanation of non-IFRS measures used in this press release is set out in the Non-IFRS financial measures section of this press release. A reconciliation of these non-IFRS measures to the most directly comparable IFRS measures is provided in the financial tables that accompany this release.

    References in this announcement to “R” are to South African Rand and references to “U.S. Dollars” and “$” are to United States Dollars. Unless otherwise stated MiX Telematics has translated U.S. Dollar amounts from South African Rand at the exchange rate of R14.1437 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at September 30, 2018.

    Highlights:

    Second quarter fiscal 2019:

    • Subscription revenue of R420 million ($29.7 million), an increase of 18.5% year over year, on a constant currency basis
    • Net subscriber additions of over 22,000, bringing the total base to over 714,000 subscribers, up 12% year over year
    • Operating profit of R87 million ($6.1 million), up 92% year over year
    • Adjusted EBITDA of R153 million ($10.8 million), up 48% year over year
    • Adjusted EBITDA margin of 30.8%, up 570 basis points year over year
    • Net cash generated from operating activities of R179 million ($12.6 million)
    • Free cash flow of R93 million ($6.6 million), up from R4 million ($0.3 million) compared to the second quarter of fiscal 2018

    First half fiscal 2019:

    • Subscription revenue of R811 million ($57.3 million), an increase of 18.4% year over year, on a constant currency basis
    • Net subscriber additions of 37,100, compared to 18,100 additions in the first half of fiscal 2018
    • Operating profit of R154 million ($10.9 million), up 75% year over year
    • Adjusted EBITDA of R279 million ($19.8 million), up 42% year over year
    • Adjusted EBITDA margin of 29.3%, up 520 basis points year over year

    Company raises full year guidance:

    • Subscription revenue - R1,683 million to R1,695 million ($115.4 million to $116.2 million)
    • Total revenue - R1,930 million to R1,963 million ($132.3 million to $134.6 million)
    • Adjusted EBITDA - R550 million to R570 million ($37.7 million to $39.1 million)
    • Adjusted earnings per diluted ordinary share of 35.1 to 37.9 South African cents. At a ratio of 25 ordinary shares to one ADS, this equates to adjusted earnings per diluted ADS of 60.2 to 65.0 U.S. cents. Refer to the Business Outlook section below.
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT, JSE: MIX), a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS), today announced financial results for its second quarter and first half of fiscal 2019, which ended on September 30, 2018. “MiX reported a very strong second quarter, highlighted by our ability to exceed expectations across all key operatingmore...