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Financial News Releases

  • 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...
  • 11/17/16 4:15 pm EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics Limited (NYSE:MIXT)(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 2016 Technology Investors Conference in New York City. MiX Telematics’ presentation is scheduled for Tuesday, December 6, 2016 at 11:55 a.m. Eastern Time and will be webcast live. An archive of the presentation will bemore...
  • 11/15/16 6:00 am EST
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics (JSE:MIX, NYSE:MIXT) today announced that Mrs. Megan Pydigadu has tendered her resignation as Chief Financial Officer and member of the Board to pursue a new career opportunity in a non competitive industry. Stefan Joselowitz, Chief Executive Officer at MiX Telematics, said: "On behalf of the Board and staff of MiX Telematics we thank Megan for her valuable contribution to the company over the past six and a halfmore...