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Financial News Releases

  • 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...
  • 1/18/19 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"), today announced it will report its third quarter fiscal 2019 results for the period ended December 31, 2018 before the U.S. financial markets open on Thursday, January 31, 2019. MiX Telematics management will also host a conference call and audiomore...
  • 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 overmore...
  • 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...