MiX Telematics (MIXT) Tops Q4 EPS by 2c, Revenues Beat; Suspends Issuance of Guidance for 1Q & FY21

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Go back to MiX Telematics (MIXT) Tops Q4 EPS by 2c, Revenues Beat; Suspends Issuance of Guidance for 1Q & FY21

MiX Telematics Reports Preliminary Unaudited Fourth Quarter and Full Fiscal Year 2020 GAAP Financial Results

May 28, 2020 6:05 AM EDT

MiX Telematics changed from being a foreign private issuer to a U.S. domestic issuer, with effect from April 1, 2020. As a result of the change in status, the Company is required to comply with and report its financial results in accordance with accounting principles generally accepted in the United States (GAAP). This earnings release contains the preliminary unaudited GAAP financial results for the fourth quarter and full fiscal year 2020.  

Highlights:      

Fourth Quarter Fiscal 2020 (year over year):

Subscription revenues of $31.5 million, up 6% on a constant currency basis Net subscriber additions... More