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Financial News Releases

  • 5/25/17 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 R13.4124 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2017.

    Highlights:

    Fourth quarter fiscal 2017:

    • Net subscriber additions of 16,700
    • Subscription revenue of R322 million ($24 million), ahead of guidance
    • Adjusted EBITDA of R87 million ($7 million), representing a 22% Adjusted EBITDA margin
    • Operating profit of R41 million ($3 million), representing a 10% margin
    • Net cash from operating activities of R129 million ($10 million)

    Fiscal year 2017:

    • Net subscriber additions of over 55,800 bringing the total to over 622,000 subscribers at March 31, 2017, an increase of 10% year over year
    • Subscription revenue of R1,240 million ($92 million), ahead of guidance
    • Adjusted EBITDA of R302 million ($22 million), representing a 20% margin and ahead of guidance. Reported Adjusted EBITDA margins have improved over the course of fiscal 2017 and were as follows: Q1 2017 15.9%, Q2 2017 18.0%, Q3 2017 21.9% and Q4 2017 22.3%.
    • Operating profit of R138 million ($10 million), representing a 9% margin
    • Net cash from operating activities of R324 million ($24 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 2017, which ended March 31, 2017. "Our fourth quarter marked a strong end to the year. MiX’s ability to exceed expectations was driven by ongoing strength across the portfolio globallymore...
  • 4/20/17 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 2017 results for the period ended March 31, 2017 before the U.S. financial markets open on Thursday, May 25, 2017. MiX Telematics management will also host a conference call and audio webcast at 8:00more...
  • 2/2/17 6:05 am EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics (JSE:MIX)(NYSE:MIXT) a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service ("SaaS"), today announced that Paul Dell has been appointed to the board of directors as interim Chief Financial Officer of MiX Telematics, effective February 9, 2017. Paul is replacing Megan Pydigadu who tendered her resignation as CFO and member of the Board on November 15, 2016 to pursue a newmore...
  • 2/2/17 6:00 am EST

    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 R13.7392 per $1.00, which was the R/$ exchange rate reported by Oanda.com as of December 31, 2016.

    Third Quarter Highlights:

    • Net subscriber additions of 20,300 in the quarter
    • Subscribers increased by 10% year over year, bringing the total to over 605,000 subscribers at December 31, 2016
    • Total subscription revenue of R311 million ($22.6 million), ahead of guidance
    • Cash generated from operating activities of R97 million ($7.1 million)
    • Adjusted EBITDA of R88 million ($6.4 million), representing a 22% Adjusted EBITDA margin
    • Operating profit of R48 million ($3.5 million), representing a 12% margin
    • Company raises guidance for subscription revenue and profitability for the full 2017 fiscal year which ends March 31, 2017
    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 2017, which ended December 31, 2016. “We are pleased with our strong execution during the third quarter and we exceeded expectations across all key metrics,” said Stefan Joselowitz, Chief Executive Officer ofmore...
  • 1/12/17 9:00 am EST
    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 third quarter fiscal 2017 results for the period ended December 31, 2016 before the U.S. financial markets open on Thursday, February 2, 2017. MiX Telematics management will also host a conference call and audio webcast at 8:00 a.m. (Easternmore...