Mix Telematics Stock Price, News & Analysis

Managed Health announced the appointment of Ernie Hinojosa as its new Chief Strategy Officer, effective immediately. Previously Head of Sales for NuBrakes, Hinojosa brings vast experience in operations and sales management. Reporting to CEO Mouhamet Seye, he is expected to enhance the Channel Partner business and improve client experiences. Hinojosa expressed excitement about joining during a period of rapid growth and aims to boost the salesforce's operational efficiency. His background includes roles at MiX Telematics, Getinsured, and Cigna/Summit Health. Managed Health focuses on employee health and financial well-being.

MiX Telematics Limited (NYSE: MIXT) will hold a conference call on January 26, 2023, at 8:00 a.m. Eastern time to discuss its third-quarter financial results for fiscal 2023, ended December 31, 2022. This event will include a live audio webcast and a Q&A session. The Company serves 914,600 subscribers across over 120 countries, providing fleet management solutions designed to enhance efficiency, safety, compliance, and security. The call will be accessible via various dial-in numbers and will also be available for replay after 11:00 a.m. Eastern time on the same day.

MiX Telematics (JSE: MIX, NYSE: MIXT) announced significant updates to its video telematics solutions on December 5, 2022. The enhancements include the introduction of smaller dashcams for easier installation and new software features aimed at improving user experience. These updates expand MiX's AI-powered product offerings, including advanced multi-camera mobile digital video recorders, enhancing safety and risk management for customers. As a leading provider of connected fleet management solutions, MiX now serves over 914,600 subscribers in more than 120 countries.

MiX Telematics, a top global SaaS provider of connected fleet management solutions, will present at the Raymond James 2022 Technology Investor Conference from December 5-7, 2022, in New York, NY. The company is scheduled to present on December 6 at 9:45 a.m. Eastern time. This live presentation will be available for replay on their website. MiX Telematics serves over 914,000 subscribers across 120 countries, focusing on efficiency and security. For inquiries, contact Raymond James or MiX Telematics’ investor relations team.

MiX Telematics (NYSE:MIXT) has faced significant challenges over the past three years, experiencing organic revenue contraction and declining EBITDA margins from over 30% to approximately 17%. Shareholders witnessed a 33% loss, contrasting with market gains. MiX's management consistently missed internal targets, attributing difficulties to macroeconomic conditions while peers like Cartrack and Lytx succeeded. Askeladden Capital, holding 2.5% of shares, is advocating for immediate changes, including a potential sale of the company, arguing it could fetch $15+ per share compared to the current ~$8 price.

MiX Telematics reported solid Q2 fiscal 2023 results, with total revenues of $35.3 million, an 8% year-over-year increase in constant currency. Subscription revenues rose to $30.7 million, up 10% year-over-year. The company concluded the acquisition of Trimble's Field Service Management business, adding 38,300 subscribers and $10.6 million in annual recurring revenue (ARR). MiX's total active subscriber base stands at 914,600. However, the net loss was $1.2 million, with earnings per share at negative 0.2 cents.

MiX Telematics Limited (NYSE: MIXT) will host a conference call on October 27, 2022, at 8:00 a.m. Eastern to discuss its financial results for Q2 fiscal 2023, ending September 30, 2022. The call will include a management presentation followed by a Q&A session. Investors can join via dial-in or webcast, with replays available post-call. MiX Telematics, a global leader in SaaS fleet management with 838,300 subscribers across 120 countries, aims to enhance fleet efficiency and security.

MiX Telematics (NYSE: MIXT) has appointed Gateway Group to enhance its investor relations program. This partnership aims to refine the company's investment messaging and expand outreach to institutional investors and analysts. CEO Stefan Joselowitz emphasized the need for an effective communication strategy to highlight growth opportunities and accelerate expansion in the U.S. The firm will assist in organizing roadshows and securing financial conference invitations, aligning with MiX's growth strategy and objective to increase shareholder base and valuation.