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Mix Telematics - MIXT STOCK NEWS

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.

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Frazier Healthcare Partners, a private equity firm specializing in healthcare, has announced the addition of three new professionals to its Center of Excellence.

Sanji Fernando joins as Partner – Data & Artificial Intelligence, Steve Blackhart as Vice President – Corporate Development, and Lindsey Murphy as Director – Sales Operations.

The Center of Excellence focuses on Human Capital, Technology & Innovation, Data Analytics & AI, M&A & Corporate Development, Finance, Operations, Legal, Commercial Excellence, and ESG.

Frazier aims to leverage their expertise to drive transformation and create value across its portfolio companies.

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Powerfleet, Inc. (PWFL) and MiX Telematics Limited have received shareholder approval for their business combination, expected to close in April 2024. The combined entity will be known as Powerfleet, focusing on AIoT SaaS services for accelerated growth in revenues and profitability.
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MiX Telematics has been appointed by Transport for Greater Manchester to enhance fleet safety, efficiency, and sustainability by equipping nearly 2,000 bus vehicles with their SaaS solution and in-cab driver feedback. The partnership aims to support the safety, monitoring, and improvement of driving standards across the network.
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MiX Telematics Limited announced strong third-quarter financial results, including a net subscriber addition of 52,400, bringing the total base to over 1,142,000 subscribers. Total revenue increased to $39.1 million, up 6% year-over-year (constant currency), with subscription revenue up 6% year-over-year. Net income was $1.5 million, and adjusted EBITDA was up 13% year-over-year to $9.5 million, at an adjusted EBITDA margin of 24.4%. The Company's CEO, Stefan Joselowitz, highlighted the primary subscription-growth driver in the Africa segment and the progress of the merger with Powerfleet. Subscription revenue represented 86.1% of total revenue, and the majority of the Company's total revenue and subscription revenue are derived from currencies other than the U.S. Dollar, impacting reported U.S. Dollar revenue. Total revenue increased by 5.8% on a constant currency basis, year over year. However, gross profit margin decreased to 60.1%, and income from operations was $2.5 million, with operating income margin decreasing to 6.3%.
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Powerfleet, Inc. (PWFL) and MiX Telematics Limited (MIXT, MIX) have announced that their respective shareholders meetings will be held virtually on February 28, 2024, to vote on the proposed business combination between the parties. The completion of regulatory milestones has prepared the companies to realize anticipated strategic and financial benefits from the combination, with the transaction expected to close in April 2024, subject to the satisfaction of customary conditions.
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MiX Telematics Limited will hold a conference call to discuss its financial results for the third quarter of fiscal year 2024, which ended December 31, 2023. The call will be hosted by MiX Telematics management and will include a question-and-answer period. The call will take place on Thursday, February 1, 2024, at 8:00 a.m. Eastern time and 3:00 p.m. South African time. The results will be reported in a press release prior to the conference call.
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MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) will be presenting at the Raymond James TMT and Consumer Conference on December 4-6, 2023, in New York, NY. The business combination between MiX Telematics and Powerfleet is expected to create one of the largest mobile asset Internet of Things (IoT) Software-as-a-Service (SaaS) providers globally. Management from both companies will present on December 5, 2023, at 9:45 a.m. Eastern time, with one-on-one meetings available throughout the event.
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MiX Telematics Limited (MIXT) announced Q2 financial results, with net subscriber additions of 47,400, total revenue of $37.8 million, and net income of $0.2 million. The company also reported a 41% increase in adjusted EBITDA to $8.5 million, and a 10% year-over-year increase in subscription revenue to $32.4 million.
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PowerFleet, Inc. and MiX Telematics Limited will host a joint Investor Day on November 16 in New York. The event will focus on the strategic rationale and expected benefits of the business combination between the two companies. The combination will create one of the largest mobile asset IoT SaaS providers in the world. Powerfleet and MiX leadership teams will present the integration strategy, growth drivers, go-to-market approach, Unity platform, AI roadmap, customer success stories, and financial targets for the combined business.
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MiX Telematics will hold a conference call on November 8, 2023, to discuss its financial results for Q2 of FY2024. The call will be followed by a Q&A period and a live audio webcast will be available.
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NYSE:MIXT

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322.44M
20.80M
6.16%
46.8%
0.04%
Software - Application
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