MiX Telematics (MIXT) Tops Q4 EPS by 2c, Revenues Beat; Suspends Issuance of Guidance for 1Q & FY21
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MiX Telematics Reports Preliminary Unaudited Fourth Quarter and Full Fiscal Year 2020 GAAP Financial Results
May 28, 2020 6:05 AM EDTMiX 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. Â
Highlights:Â Â Â Â Â Â
Fourth Quarter Fiscal 2020 (year over year):
Subscription revenues of $31.5Â million, up 6% on a constant currency basis Net subscriber additions... More