STOCK TITAN
  1. Home
  2. News
  3. MIXT

MiX Telematics Ltd - MIXT STOCK NEWS

Welcome to our dedicated news page for MiX Telematics (Ticker: MIXT), a resource for investors and traders seeking the latest updates and insights on MiX Telematics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MiX Telematics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MiX Telematics's position in the market.

News
Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination
Rhea-AI Summary
Powerfleet, Inc. (PWFL) and MiX Telematics Limited have received shareholder approval for their business combination, expected to close in April 2024. The combined entity will be known as Powerfleet, focusing on AIoT SaaS services for accelerated growth in revenues and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
none
-
News
Transport for Greater Manchester Chooses MiX Telematics
Rhea-AI Summary
MiX Telematics has been appointed by Transport for Greater Manchester to enhance fleet safety, efficiency, and sustainability by equipping nearly 2,000 bus vehicles with their SaaS solution and in-cab driver feedback. The partnership aims to support the safety, monitoring, and improvement of driving standards across the network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
News
MiX Telematics Reports Third Quarter Fiscal Year 2024 U.S. GAAP Financial Results
Rhea-AI Summary
MiX Telematics Limited announced strong third-quarter financial results, including a net subscriber addition of 52,400, bringing the total base to over 1,142,000 subscribers. Total revenue increased to $39.1 million, up 6% year-over-year (constant currency), with subscription revenue up 6% year-over-year. Net income was $1.5 million, and adjusted EBITDA was up 13% year-over-year to $9.5 million, at an adjusted EBITDA margin of 24.4%. The Company's CEO, Stefan Joselowitz, highlighted the primary subscription-growth driver in the Africa segment and the progress of the merger with Powerfleet. Subscription revenue represented 86.1% of total revenue, and the majority of the Company's total revenue and subscription revenue are derived from currencies other than the U.S. Dollar, impacting reported U.S. Dollar revenue. Total revenue increased by 5.8% on a constant currency basis, year over year. However, gross profit margin decreased to 60.1%, and income from operations was $2.5 million, with operating income margin decreasing to 6.3%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
earnings
News
Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination
Rhea-AI Summary
Powerfleet, Inc. (PWFL) and MiX Telematics Limited (MIXT, MIX) have announced that their respective shareholders meetings will be held virtually on February 28, 2024, to vote on the proposed business combination between the parties. The completion of regulatory milestones has prepared the companies to realize anticipated strategic and financial benefits from the combination, with the transaction expected to close in April 2024, subject to the satisfaction of customary conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
none
-
News
MiX Telematics Sets Third Quarter Fiscal Year 2024 Conference Call for February 1, 2024, at 8:00 a.m. ET and 3:00 p.m. SAST
Rhea-AI Summary
MiX Telematics Limited will hold a conference call to discuss its financial results for the third quarter of fiscal year 2024, which ended December 31, 2023. The call will be hosted by MiX Telematics management and will include a question-and-answer period. The call will take place on Thursday, February 1, 2024, at 8:00 a.m. Eastern time and 3:00 p.m. South African time. The results will be reported in a press release prior to the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
earnings
-
News
MiX Telematics and Powerfleet to Present at the Raymond James TMT and Consumer Conference on December 5, 2023
Rhea-AI Summary
MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) will be presenting at the Raymond James TMT and Consumer Conference on December 4-6, 2023, in New York, NY. The business combination between MiX Telematics and Powerfleet is expected to create one of the largest mobile asset Internet of Things (IoT) Software-as-a-Service (SaaS) providers globally. Management from both companies will present on December 5, 2023, at 9:45 a.m. Eastern time, with one-on-one meetings available throughout the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
conferences
News
MiX Telematics Reports Second Quarter Fiscal Year 2024 U.S. GAAP Financial Results
Rhea-AI Summary
MiX Telematics Limited (MIXT) announced Q2 financial results, with net subscriber additions of 47,400, total revenue of $37.8 million, and net income of $0.2 million. The company also reported a 41% increase in adjusted EBITDA to $8.5 million, and a 10% year-over-year increase in subscription revenue to $32.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
earnings
-
News
Powerfleet and MiX Telematics to Host Joint Investor Day on November 16, 2023
Rhea-AI Summary
PowerFleet, Inc. and MiX Telematics Limited will host a joint Investor Day on November 16 in New York. The event will focus on the strategic rationale and expected benefits of the business combination between the two companies. The combination will create one of the largest mobile asset IoT SaaS providers in the world. Powerfleet and MiX leadership teams will present the integration strategy, growth drivers, go-to-market approach, Unity platform, AI roadmap, customer success stories, and financial targets for the combined business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
conferences
-
News
MiX Telematics Sets Second Quarter Fiscal Year 2024 Conference Call for November 8, 2023, at 8:00 a.m. ET and 3:00 p.m. SAST
Rhea-AI Summary
MiX Telematics will hold a conference call on November 8, 2023, to discuss its financial results for Q2 of FY2024. The call will be followed by a Q&A period and a live audio webcast will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
earnings
News
Powerfleet and MiX Telematics Announce Transformative Business Combination
Rhea-AI Summary
PowerFleet and MiX Telematics announce agreement to form one of the largest mobile asset IoT SaaS providers
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
none
Stock MIXT logo
MiX Telematics Ltd

Nasdaq:MIXT

MIXT Rankings

N/A Ranked by Market Cap
#4206 Ranked by Stock Gains
N/A Ranked by Dividends

MIXT Stock Data

322.44M
319.54M
6.16%
46.8%
0.04%
Software Publishers
Information
Link
South Africa
Vorna Valley

About MIXT

founded in 1996, mix telematics’s products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. the company delivers its solutions to customers in over 120 countries, across six continents. over 523,000 mobile assets – from trucks and buses, to vans, cars, motorbikes and trailers – are actively managed by mix telematics. in addition to employing in excess of 1,000 people, mix telematics has a growing network of more than 130 fleet partners worldwide. the company has offices in south africa, the united kingdom, the united states, uganda, brazil, australia and the united arab emirates. mix telematics shares are publicly traded on the johannesburg stock exchange (jse: mix) and on the new york stock exchange (nyse: mixt).