MiX Telematics (MIXT) Misses Q1 EPS by 1c

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Go back to MiX Telematics (MIXT) Misses Q1 EPS by 1c

MiX Telematics Reports First Quarter Fiscal Year 2023 U.S. GAAP Financial Results

July 28, 2022 6:05 AM EDT

First Quarter Highlights:

Total revenues of $35.1 million Subscription revenues of $31.0 million Annual recurring revenue (ARR) of $123.2 million up 0.9% sequentially, on a constant currency basis Net subscriber additions of 23,200, bringing the total base to over 838,300 subscribers Net income of $0.7 million Adjusted EBITDA of $6.0 million, at a 17.1% margin Cash and cash equivalents of $24.6 million at quarter end

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