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Financial News Releases

  • 5/23/19 10:00 am EDT
    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”), announced that its Chief Executive Officer, Stefan Joselowitz, will present at the William Blair & Co. 39th Annual Growth Stock conference in Chicago. MiX Telematics’ presentation is scheduled for Thursday, June 6, 2019 at 1:20 p.m.more...
  • 5/14/19 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 an exchange rate of R14.4789 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2019.

    Highlights:

    Fiscal year 2019:

    • Subscription revenue of R1,693 million ($116.9 million), up 16.3% year over year on a constant currency basis
    • Net subscriber additions of 73,600, compared to 54,800 additions in fiscal 2018
    • Adjusted EBITDA of R603 million ($41.6 million), up 36% year over year and ahead of guidance
    • Adjusted EBITDA margin of 30.5%, up 470 basis points year over year
    • Diluted adjusted earnings per share of 44 South African cents, or 75 U.S. cents per diluted ADS, up 63% year over year
    • Net cash from operating activities of R464 million ($32.0 million)
    • Free cash flow of R177.4 million ($12.3 million), up from R14.9 million ($1.0 million) in fiscal 2018

    Fourth quarter fiscal 2019:

    • Subscription revenue of R444 million ($30.7 million), up 13.1% year over year on a constant currency basis
    • Net subscriber additions of 14,400 bringing the total base to over 750,000, up 11% year over year
    • Adjusted EBITDA of R168 million ($11.6 million), up 29% year over year
    • Adjusted EBITDA margin of 33.0%, up 430 basis points year over year
    • Diluted adjusted earnings per share of 14 South African cents, or 24 U.S. cents per diluted ADS, up 40% year over year
    • Net cash from operating activities of R129 million ($8.9 million)
    • Free cash flow of R80 million ($5.5 million), up from R58 million ($4.0 million) compared to the fourth quarter of fiscal 2018
    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 fourth quarter and for its full fiscal year 2019, which ended March 31, 2019. “Our fourth quarter marked a solid continuation of trends we have experienced throughout the year. The strong performancemore...
  • 4/29/19 11:30 am EDT
    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"), today announced it will report its fourth quarter and fiscal year end 2019 results for the period ended March 31, 2019 before the U.S. financial markets open on Tuesday, May 14, 2019. MiX Telematics management will also host a conferencemore...
  • 3/4/19 6:30 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"), announced that its Chief Executive Officer, Stefan Joselowitz, will present at the Raymond James 40th Annual Institutional Investors Conference in Orlando. MiX Telematics’ presentation is scheduled for Monday, March 4, 2019 at 9:15 a.m.more...
  • 1/31/19 6:00 am EST

    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 R14.3960 per $1.00, which was the R/$ exchange rate reported by Oanda.com as of December 31, 2018.

    Highlights:
    Third quarter fiscal 2019:

    • Subscription revenue of R439 million ($30.5 million), up 16% year over year on a constant currency basis
    • Net subscriber additions of 22,100, bringing the total subscriber base to over 736,000, up 11% year over year
    • Operating profit of R87 million ($6.0 million), up 63% year over year
    • Adjusted EBITDA of R156 million ($10.8 million), up 36% year over year
    • Adjusted EBITDA margin of 30.3%, up 440 basis points year over year
    • Net cash generated from operating activities of R133 million ($9.2 million)
    • Free cash flow of R60 million ($4.2 million), up from R17 million ($1.2 million) compared to the third quarter of fiscal 2018

    Company raises full-year guidance:

    • Subscription revenue - R1,693 million to R1,701 million ($124.1 million to $124.6 million)
    • Total revenue - R1,951 million to R1,969 million ($143.0 million to $144.3 million)
    • Adjusted EBITDA - R571 million to R584 million ($41.8 million to $42.8 million)
    • Adjusted earnings per diluted ordinary share of 36.4 to 38.6 South African cents. At a ratio of 25 ordinary shares to one ADS, this equates to adjusted earnings per diluted ADS of 66.7 to 70.7 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 third quarter of fiscal 2019, which ended December 31, 2018. “In Q3, MiX Telematics delivered another strong quarter, evidenced by 16% year over year subscription revenue growth, and Adjusted EBITDAmore...