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Financial News Releases

  • 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...
  • 5/2/18 9:00 am EDT
    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 it will report its fourth quarter and full fiscal year 2018 results for the period ended March 31, 2018 before the U.S. financial markets open on Thursday, May 10, 2018. MiX Telematics management will also host a conference call and audio webcast at 8:more...
  • 2/28/18 9:00 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"), announced that its Chief Executive Officer, Stefan Joselowitz, will present at the Raymond James 39th Annual Institutional Investors Conference in Orlando. MiX Telematics’ presentation is scheduled for Wednesday, March 7, 2018 at 9:15 a.m. Eastern Time and will be webcastmore...
  • 2/1/18 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 R12.3689 per $1.00, which was the R/$ exchange rate reported by Oanda.com as of December 31, 2017.

    Third Quarter Highlights:

    • Subscription revenue of R376 million ($30.4 million), up over 21% year over year on a constant currency basis
    • Net subscriber additions of 24,700, bringing the total subscriber base to over 664,000, up 10% year over year
    • Operating profit of R53 million ($4.3 million), up 11% year over year
    • Adjusted EBITDA of R115 million ($9.3 million), up 30% year over year
    • Adjusted EBITDA margin of 25.9% 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%
    • Company raises full-year guidance for both revenue and profit
    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 2018, which ended December 31, 2017. “In Q3, MiX Telematics delivered the strongest quarter in the Company’s history. This is evidenced by over 21% year-on-year subscription revenue growth on a constantmore...