Recap: MiX Telematics Q2 Earnings

Shares of MiX Telematics MIXT moved higher by 0.5% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 26.32% over the past year to $0.14, which beat the estimate of $0.02.

Revenue of $30,948,000 declined by 12.82% from the same period last year, which beat the estimate of $26,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

MiX Telematics hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/eventRegistrationServlet?referrer=https%3A%2F%2Finvestor.mixtelematics.com%2F&eventid=2628013&sessionid=1&key=D246B749D9A8BFE17A60F4E744BC2D41&regTag=

Recent Stock Performance

52-week high: $14.92

52-week low: $6.64

Price action over last quarter: down 19.29%

Company Overview

MiX Telematics Ltd offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe. The company solutions include MiX Fleet Manager Premium; MiX Fleet Manager Essential; MiX Asset Manager and Value Added Services. It serves Fast Moving Consumer Goods, Utilities, Security, Construction, Transport and Distribution, Emergency Services, Government, Rental and Leasing, Mining, Oil and Gas and Public Transport industries. Geographically, it derives a majority of revenue from Africa and also has a presence in the Americas, Middle East and Australasia, Europe, Brazil and Central Services Organization (CSO). The company derives maximum revenues from subscriptions to its fleet and mobile asset management solutions.