Welcome to our dedicated page for MIX news (Ticker: MIX), a resource for investors and traders seeking the latest updates and insights on MIX stock.
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MiX Telematics reported its third-quarter financial results for the period ending December 31, 2020, showing a 10.2% decline in subscription revenues at $29.1 million. Total revenues fell by 6.5% to $34.1 million amid a challenging economic landscape due to COVID-19. The subscriber base contracted by 18,300, primarily affecting low ARPU asset tracking. However, the company noted strong profitability and free cash flow of $8.7 million and reported a net income of $5.9 million. Cash reserves improved to $44.0 million from $18.0 million earlier in the year.
MiX Telematics (NYSE: MIXT) announced it will report its Q3 fiscal 2021 results for the period ending December 31, 2020, on January 28, 2021, before U.S. markets open. Management will host a conference call at 8:00 a.m. EDT to discuss financial results and business outlook. The company provides fleet and mobile asset management solutions globally, serving over 750,000 subscribers in 120 countries. MiX Telematics emphasizes efficiency, safety, compliance, and security in its SaaS offerings.
