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Financial News Releases

  • 6/2/16 12:30 pm EDT
    MIDRAND, South Africa--(BUSINESS WIRE)--Shareholders of MiX Telematics are advised that, Mr. Ian Jacobs has been appointed as an independent non-executive director to the board of directors of MiX with effect from June 1, 2016. Mr. Jacobs is managing member of 402 Capital LLC, a value-oriented investment manager based in Omaha, Nebraska, focusing on businesses with structural competitive advantages. From 2003 until founding 402 Capital in 2009, Mr. Jacobs worked on investmentmore...
  • 6/1/16 4:15 pm 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, announced that its Chief Executive Officer, Stefan Joselowitz, will present at the William Blair 36th Annual Growth Stock Conference in Chicago. MiX Telematics’ presentation is scheduled for Tuesday, June 14, 2016 at 10:50 a.m. Central Time and will be webcast live. An archive of the presentation will be availablemore...
  • 5/26/16 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 R14.8330 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2016.

    Fourth quarter and fiscal year highlights:

    • Subscribers increased by 11% year on year to over 566,000 subscribers
    • Fourth quarter subscription revenue of R307 million ($21 million), grew 15% year over year
    • Fourth quarter operating profit of R46 million ($3 million), representing a 12% margin
    • Fourth quarter Adjusted EBITDA of R78 million ($5 million), representing a 20% margin
    • Fiscal year subscription revenue of R1,158 million ($78 million), grew 16% year over year
    • Fiscal year operating profit of R139 million ($9 million), representing a 9% margin
    • Fiscal year Adjusted EBITDA of R277 million ($19 million), representing a 19% margin
    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 full fiscal year 2016, which ended March 31, 2016. "For the full fiscal year 2016, we grew subscription revenue 16% and posted a 19% Adjusted EBITDA margin. Despite the contractions in fleet sizes from some of ourmore...
  • 5/3/16 11:20 am EDT
    MIDRAND, South Africa--(BUSINESS WIRE)--MiX Telematics has entered into an agreement to repurchase all of its shares currently held by Imperial Holdings Limited. This equates to 200,828,260 MiX Telematics shares which represents 25.33% of MiX Telematics’ issued share capital. MiX Telematics has agreed to pay 2.36 South African Rand per share, a 1.28% premium to the prior 30-days average trading price, for an aggregate repurchase consideration of 473,954,694 South African Randmore...
  • 4/22/16 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, today announced it will report its fourth quarter and full fiscal year 2016 results for the period ended March 31, 2016 before the U.S. financial markets open on Thursday, May 26, 2016. MiX Telematics management will also host a conference call and audio webcast at 8:00 a.m. (Eastern Daylight Time) and 2:00 p.m. (more...