Loading
Contact: ir@mixtelematics.com
855-564-9835

Financial News Releases

  • 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...
  • 8/3/17 6:00 am EDT

    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 R13.0535 per $1.00, which was the R/$ exchange rate reported by Oanda.com as of June 30, 2017.

    First Quarter Highlights:

    • Subscription revenue of R335 million ($25.7 million), up over 15% on a constant currency basis
    • Operating profit of R43 million ($3.3 million), up 88% year over year
    • Adjusted EBITDA of R94 million ($7.2 million), up 55% year over year
    • Adjusted EBITDA margin of 23.1% continues the quarterly improvement trend that was observed throughout the prior year. 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%
    • Total subscriber base of 625,600, up 8% year over year
    • Company raises quarterly dividend to 2.5 South African cents per ordinary share (4.8 U.S. cents per American Depositary Share)
    • Company raises full year guidance for Adjusted EBITDA to R375 million to R395 million ($28.6 million to $30.1 million) and Adjusted earnings per diluted share to 19.7 to 21.8 South African cents. At a ratio of 25 ordinary shares to one ADS, this equates to adjusted earnings per diluted ADS of 38 to 42 U.S. cents. Reiterates guidance for subscription revenue and total revenue, for full fiscal 2018 year. 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 first quarter of fiscal year 2018, which ended June 30, 2017. “We have booked a solid start to our new fiscal year.  In particular, we enjoyed strong performance from our premium fleet portfolio globally which resulted in a return tomore...
  • 7/26/17 9:00 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 following investor conferences: Oppenheimer 20th Annual Technology, Internet & Communications Conference in Boston on Tuesday, August 8, 2017 at 11:45 a.m. ET (5:45more...