MiX Telematics: Q1 Earnings Insights

Shares of MiX Telematics MIXT rose 3.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 57.89% over the past year to $0.08, which beat the estimate of ($0.04).

Revenue of $27,497,000 decreased by 25.77% from the same period last year, which beat the estimate of $27,120,000.

Looking Ahead

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: Jul 30, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.mixtelematics.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2396312&sessionid=1&key=E7BF66F6F3187E9F4AF1CC272EC47B11&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $15.78

52-week low: $6.64

Price action over last quarter: Up 5.50%

Company Profile

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.