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Financial News Releases

  • 1/10/18 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 delivered as Software-as-a-Service ("SaaS"), today announced it will report its third quarter fiscal 2018 results for the period ended December 31, 2017 before the U.S. financial markets open on Thursday, February 1, 2018. MiX Telematics management will also host a conference call and audio webcast at 8:00 a.m. (more...
  • 11/27/17 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, announced that its Chief Executive Officer, Stefan Joselowitz, will present at the Raymond James 2017 Technology Investors Conference in New York City. MiX Telematics’ presentation is scheduled for Tuesday, December 5, 2017 at 2:25 p.m. Eastern Time and will be webcast live. An archive of the presentation will bemore...
  • 11/2/17 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 R13.5618 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at September 30, 2017.

    Highlights:

    Second quarter fiscal 2018:

    • Subscription revenue of R349 million ($25.8 million), up over 18% year over year on a constant currency basis
    • Net subscriber additions of 14,500 bringing the total base to over 640,000, up 9% year over year
    • Operating profit of R45 million ($3.3 million), up 73% year over year
    • Adjusted EBITDA of R103 million ($7.6 million), up 56% year over year
    • Adjusted EBITDA margin of 25.1% 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%
    • Company raises full-year guidance for both revenue and profit

    First half fiscal 2018:

    • Subscription revenue of R685 million ($50.5 million), up over 17% year over year on a constant currency basis
    • Operating profit of R88 million ($6.5 million), up 80% year over year
    • Adjusted EBITDA of R197 million ($14.5 million), up 56% year over year
    • Adjusted EBITDA margin of 24.1% up from 17.0% during the same period last year
    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 2018, which ended on September 30, 2017. “MiX reported a very strong second quarter, highlighted by our ability to exceed expectations across all key operating metrics,” said Stefanmore...
  • 10/12/17 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"), today announced it will report its second quarter fiscal 2018 results for the period ended September 30, 2017 before the U.S. financial markets open on Thursday, November 2, 2017. MiX Telematics management will also host a conference call and audio webcast at 8:00more...
  • 10/5/17 9:15 am EDT
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics, a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS), today announced that Fundiswa Roji-Maplanka CA(SA) has been appointed as an independent non-executive director and a member of the Audit and Risk Committee, and of the Social and Ethics Committee of the company effective 3 October 2017. Fundiswa is the founding partner of an investment holdingmore...