Welcome to our dedicated page for Mix Telematics news (Ticker: MIXT), a resource for investors and traders seeking the latest updates and insights on Mix Telematics stock.
Mix Telematics (MIXT) delivers cutting-edge fleet management and telematics solutions across six continents. This news hub provides investors and industry professionals with essential updates on corporate developments, technological innovations, and market positioning.
Access timely press releases covering earnings announcements, product enhancements, strategic partnerships, and compliance achievements. Our curated collection enables efficient tracking of operational milestones that impact fleet safety, asset optimization, and data-driven decision-making.
Key updates include regulatory changes affecting transportation technology, expansion into new markets, and advancements in real-time vehicle tracking systems. Regular monitoring of these developments helps stakeholders assess the company's competitive edge in mobile asset management.
Bookmark this page for direct access to verified MIXT announcements, eliminating the need to search multiple sources. Combine this resource with financial filings and market analysis for comprehensive investment research.
MiX Telematics reported strong Q2 fiscal 2022 results with total revenues of $36.1 million, up 16.6% year-over-year. Subscription revenues reached $30.9 million, an 11.8% increase, driven by net subscriber additions of 16,700, totaling over 770,000 subscribers. Although net income fell to $1.3 million from $3.5 million year-over-year, adjusted EBITDA remained solid at $7.9 million. The company had $39.8 million in cash. Due to COVID-19, MiX suspended its financial guidance for fiscal 2022.
MiX Telematics (NYSE: MIXT) announced an extension of its contract with a major logistics company in Australasia, based on the successful deployment of its technology across 3,700 vehicles. The MiX Fleet Manager platform and MiX Vision camera technology have enhanced safety and efficiency for over 7,500 drivers. The customer highlights the importance of speed-monitoring and relies on MiX Integrate for operational data from 10 million trips annually, facilitating automation and compliance. MiX Telematics serves 753,000 subscribers in over 120 countries, focusing on fleet safety, efficiency, and security.
MiX Telematics, a global provider of fleet management solutions, announced a new dashboard solution on Oct. 14, 2021. This SaaS product enhances embedded analytics for users, enabling fast and efficient fleet cost, driver safety, and risk analysis. The solution integrates Logi Analytics technology, providing a secure and scalable experience. Positive customer feedback has been noted, with the company planning to expand this technology in the future. MiX Telematics serves 753,000 subscribers across 120 countries, emphasizing their commitment to safety, compliance, and efficiency.
MiX Telematics (NYSE: MIXT) will report its second quarter fiscal year 2022 results on October 28, 2021, before U.S. markets open. The report will cover the period ending September 30, 2021.
A conference call and audio webcast will follow at 8:00 a.m. EDT the same day to discuss financial results and business outlook. The company provides SaaS solutions for connected fleet management to over three-quarters of a million subscribers in more than 120 countries, enhancing fleet efficiency, safety, and compliance.
MiX Telematics (NYSE: MIXT) has extended its contract with Intercape for five years, solidifying a partnership that began in 2015. Intercape, the leading intercity passenger transport service in Southern Africa, operates a fleet of 222 vehicles. The continuation underscores MiX's commitment to providing cutting-edge SaaS solutions, including the MiX Fleet Manager and MiX Vision AI, which enhances driver safety through real-time alerts. This collaboration aims to ensure safety and efficiency in fleet management, enhancing overall service quality for Intercape's passengers.
MiX Telematics (NYSE: MIXT) has announced a collaboration with Ford Pro Intelligence aimed at enhancing data access for North American customers operating Ford vehicles. This partnership will allow users to make informed decisions on safety, efficiency, and compliance while potentially reducing the need for aftermarket hardware installations. The initiative focuses on lowering capital costs and expediting telematics software implementation. MiX Telematics emphasizes the transition toward OEM telematics integration, noting the increasing demand for telematics hardware and software solutions.
MiX Telematics (NYSE: MIXT), a prominent global SaaS provider of connected fleet management solutions, will have its CEO, Stefan Joselowitz, and CFO, John Granara, present at the Canaccord Growth Conference. Scheduled for August 11, 2021, at 3:00 p.m. Eastern Time, the presentation will be available via webcast. An archive will also be accessible on the Company's website for a limited time. MiX Telematics serves over 750,000 subscribers in more than 120 countries.
MiX Telematics (NYSE: MIXT) announced a partnership with McGill's Group, the UK's largest independent bus operator, to provide connected fleet technology. This collaboration includes MiX's Fleet Manager SaaS solution, driver monitoring, and AI-powered dash cameras. McGill's aims to enhance safety, efficiency, and operational performance, investing £29m in electric vehicles equipped with MiX's technology. The partnership emphasizes a mutual commitment to safety and environmental sustainability, marking a significant development for both companies.
MiX Telematics reported a strong first quarter for fiscal 2022, ending June 30, with a 26.9% increase in total revenues to $34.9 million and a 20.2% rise in subscription revenues to $31.1 million. The subscriber base grew by 8,800 new subscribers. Net income rose to $3.5 million with earnings per diluted ordinary share at 0.6 U.S. cents. However, operating expenses increased by 14.1% to $18.5 million. The company has suspended financial guidance due to COVID-19 uncertainties.
MiX Telematics (NYSE: MIXT) will release its first quarter fiscal year 2022 results on July 29, 2021, before U.S. markets open. Following this, the company's management will conduct a conference call at 8:00 a.m. EDT to discuss financial results and future outlook. MiX Telematics, a leading global SaaS provider, delivers fleet management solutions to 750,000 subscribers across over 120 countries, enhancing efficiency, safety, and compliance.
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