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Financial News Releases

  • 8/2/18 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. A reconciliation of these non-IFRS measures to the most directly comparable IFRS measures is provided in the financial tables below, which accompany this press 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 R13.7255 per $1.00, which was the R/$ exchange rate reported by Oanda.com as of June 30, 2018.

    First Quarter Highlights:

    • Subscription revenue of R390 million ($28.4 million), an increase of 18.4% year over year, on a constant currency basis
    • Net subscriber additions of over 15,000 bringing the total base to 691,922 subscribers, up 11% year over year
    • Operating profit of R68 million ($4.9 million), up 58% year over year
    • Adjusted EBITDA of R126 million ($9.2 million), up 35% year over year
    • Adjusted EBITDA margin of 27.7%, up 460 basis points compared to the prior year quarter
    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 first quarter of fiscal year 2019, which ended June 30, 2018. “The first quarter marked a very strong start to the fiscal year. Subscription revenue grew more than 18% on a constant currency basis and adjusted EBITDA margin of close tomore...
  • 7/19/18 11:00 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"), today announced it will report its first quarter fiscal 2019 results for the period ended June 30, 2018 before the U.S. financial markets open on Thursday, August 2, 2018. MiX Telematics management will also host a conference call and audio webcast at 8:00 a.m. (Easternmore...
  • 7/2/18 11:45 am EDT
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX shareholders are advised that the Company has on Monday, July 2, 2018 filed its U.S. annual report on Form 20-F with the SEC. A copy of the annual report filed on Form 20-F with the SEC can be viewed on the Company’s website, www.mixtelematics.com under Investor Information – SEC filings. Hard copies of the completed audited financial statements, free of charge, are available to our shareholders upon request. This can bemore...
  • 6/4/18 8:00 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 38th Annual Growth Stock Conference in Chicago. MiX Telematics’ presentation is scheduled for Tuesday, June 12, 2018 at 12:10 p.m. Central Time (7:10 p.m. South African Time)more...
  • 5/10/18 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 an exchange rate of R11.8255 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2018.

    Highlights:
    Fourth quarter fiscal 2018:

    • Subscription revenue of R374 million ($31.6 million), an increase of 19.4% year over year, and up 4.1% compared to the third quarter of fiscal 2018, both on a constant currency basis
    • Net subscriber additions of over 12,000 bringing the total base to over 676,000, up 9% year over year
    • Operating profit of R74 million ($6.2 million), up 80% year over year
    • Adjusted EBITDA of R130 million ($11.0 million), up 49% year over year
    • Adjusted EBITDA margin of 28.7% continues the quarterly improvement trend since the start of fiscal 2017. Reported Adjusted EBITDA margins were as follows: Q1 2017 15.9%, Q2 2017 18.0%, Q3 2017 21.9%, Q4 2017 22.3%, Q1 2018 23.1%, Q2 2018 25.1%, Q3 2018 25.9%, Q4 2018 28.7%
    • Net cash from operating activities of R121 million ($10.3 million)

    Fiscal year 2018:

    • Subscription revenue of R1,435 million ($121.3 million), up 19% year over year on a constant currency basis
    • Net subscriber additions of over 54,800
    • Operating profit of R215 million ($18.2 million), up 56% year over year
    • Adjusted EBITDA of R442 million ($37.4 million), up 47% year over year and ahead of guidance
    • Adjusted EBITDA margin of 25.8%, up from 19.6% in fiscal 2017
    • Net cash from operating activities of R353 million ($29.9 million)
    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 2018, which ended March 31, 2018. “We were very pleased with our fourth quarter results, which capped off another strong year for MiX. During fiscal 2018, we made significant progressmore...