Frazier Healthcare Partners, a leading private equity firm focused exclusively on the healthcare industry, is pleased to announce the additions of three experienced professionals to its Center of Excellence: Sanji Fernando, Partner – Data & Artificial Intelligence, Steve Blackhart, Vice President – Corporate Development, and Lindsey Murphy, Director – Sales Operations. Frazier continues to focus on the strategic expansion of its dedicated Center of Excellence (CoE), providing Fortune 500 talent to our portfolio companies in the areas of Human Capital, Technology & Innovation, Data Analytics & Artificial Intelligence, M&A & Corporate Development, Finance, Operations, Legal, Commercial Exce

WOODCLIFF LAKE, N.J., Feb. 28, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:PWFL) and MiX Telematics Limited (NYSE:MIXT, JSE: MIX))) today announced they have received shareholder approval on the proposals related to the previously announced business combination between the parties. The transaction is expected to close the first week of April 2024, subject to the satisfaction of remaining customary conditions. Upon closing, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq. "With the continued support from our shareholders, we are thrille

BOCA RATON, Fla. and BIRMINGHAM, England, Feb. 8, 2024 /PRNewswire/ -- MiX Telematics ((JSE: MIX, NYSE:MIXT), a leading global SaaS provider of connected fleet management solutions, is excited to announce that Transport for Greater Manchester (TFGM) has appointed MiX to enhance fleet safety, efficiency and sustainability. Transport for Greater Manchester is a local government body responsible for co-ordinating transport services throughout Greater Manchester in North West England. The partnership will equip the full bus fleet of nearly 2,000 vehicles with MiX Telematics' SaaS solution, in-cab driver feedback and integration. "We are delighted to have been selected to provide a solution that

Third Quarter Highlights: Net subscriber additions of 52,400, bringing the total base to over 1,142,000 subscribers Total revenue of $39.1 million, up 6% year-over-year (constant currency) Subscription revenue of $33.7 million, up 6% year-over-year (constant currency) Net income of $1.5 million Adjusted EBITDA up 13% year-over-year to $9.5 million, at an adjusted EBITDA margin of 24.4% (up 220 basis points from the prior year) Cash and cash equivalents of $25.4 million at quarter end MiX Telematics Limited ("MiX Telematics" or the "Company") (NYSE:MIXT, JSE: MIX))), a leading global Software-as-a-Service ("SaaS") provider of connected fleet management solutions, today a

Completion of Regulatory Milestones Results in Scheduled Shareholders Meetings WOODCLIFF LAKE, N.J., Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:PWFL) and MiX Telematics Limited (NYSE:MIXT, JSE: MIX))) today announced that their respective shareholders meetings will be held virtually on Wednesday, February 28, 2024 to vote on the proposed business combination between the parties. Powerfleet's shareholder meeting will be held at 10:00 a.m., Eastern Time and MiX's shareholder meeting will be held at 2:30 p.m., SAST. The Powerfleet and MiX teams have worked diligently

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a global SaaS leader of connected fleet management solutions, will hold a conference call on Thursday, February 1, 2024, at 8:00 a.m. Eastern time and 3:00 p.m. South African time to discuss its financial results for the third quarter of fiscal year 2024, which ended December 31, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Thursday, February 1, 2024 Time: 8:00 a.m. Eastern time and 3:00 p.m. South African time U.S. dial-in: 1-888-886-7786

MiX Telematics Limited (NYSE:MIXT, JSE: MIX))) and Powerfleet (NASDAQ:PWFL) announced that they will be presenting at the Raymond James TMT and Consumer Conference being held December 4-6, 2023, at the Lotte New York Palace in New York, NY. MiX Telematics CEO Stefan Joselowitz and CFO Paul Dell alongside Powerfleet CFO David Wilson will be attending the event. MiX Telematics and Powerfleet previously announced a business combination, which is expected to create one of the largest mobile asset Internet of Things (IoT) Software-as-a-Service (SaaS) providers in the world. Management from MiX Telematics and Powerfleet are scheduled to present on Tuesday, December 5, 2023, at 9:45 a.m. Easte

Second Quarter Highlights: Net subscriber additions of 47,400, bringing the total base to over 1,089,000 subscribers Total revenue of $37.8 million, up 12% year-over-year (constant currency) Subscription revenue of $32.4 million, up 10% year-over-year (constant currency) Net income of $0.2 million, up from the $1.2 million loss in the prior year Adjusted EBITDA up 41% year-over-year to $8.5 million, at an adjusted EBITDA margin of 22.5% (up 550 basis points from the prior year) Cash and cash equivalents of $29.5 million at quarter end Net cash provided by operating activities of $8.5 million during the quarter Free cash flow of $2.1 million generated during the quart

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a global SaaS leader of connected fleet management solutions, will hold a conference call on Wednesday, November 8, 2023, at 8:00 a.m. Eastern time and 3:00 p.m. South African time to discuss its financial results for the second quarter of fiscal year 2024, which ended September 30, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Wednesday, November 8, 2023 Time: 8:00 a.m. Eastern time and 3:00 p.m. South African time U.S. dial-in: 1-877-300-

Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Expected to Provide Immediate Scale Expected to Create a Day One Business with Total Revenue of $279 Million, Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67% In Addition to Organic Growth, Combination is Expected to Unlock Significant Annual EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Powerfleet's Unity Platform, Modular Software, and AI-Driven Data Solutions into Combined Ba

Raymond James reiterated coverage of MiX Telematics with a rating of Strong Buy and set a new price target of $16.00 from $18.00 previously

Canaccord Genuity reiterated coverage of MiX Telematics with a rating of Buy and set a new price target of $21.00 from $19.00 previously

Canaccord Genuity reiterated coverage of MiX Telematics with a rating of Buy and set a new price target of $19.00 from $16.00 previously

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BOCA RATON, Fla., Sept. 21, 2022 /PRNewswire/ -- MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a leading global SaaS provider of connected fleet management solutions, has appointed Gateway Group, Inc., a leading strategic financial communications and capital markets advisory firm, to spearhead its expanded investor relations program and provide corporate messaging and other consulting services to the Company. Gateway will work closely with MiX Telematics leadership to develop and deploy a comprehensive outreach and communications program. Activities will include refining the Company's investment-oriented messaging and corporate positioning, strategic advi

Third Quarter Highlights: Net subscriber additions of 52,400, bringing the total base to over 1,142,000 subscribers Total revenue of $39.1 million, up 6% year-over-year (constant currency) Subscription revenue of $33.7 million, up 6% year-over-year (constant currency) Net income of $1.5 million Adjusted EBITDA up 13% year-over-year to $9.5 million, at an adjusted EBITDA margin of 24.4% (up 220 basis points from the prior year) Cash and cash equivalents of $25.4 million at quarter end MiX Telematics Limited ("MiX Telematics" or the "Company") (NYSE:MIXT, JSE: MIX))), a leading global Software-as-a-Service ("SaaS") provider of connected fleet management solutions, today a

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a global SaaS leader of connected fleet management solutions, will hold a conference call on Thursday, February 1, 2024, at 8:00 a.m. Eastern time and 3:00 p.m. South African time to discuss its financial results for the third quarter of fiscal year 2024, which ended December 31, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Thursday, February 1, 2024 Time: 8:00 a.m. Eastern time and 3:00 p.m. South African time U.S. dial-in: 1-888-886-7786

Second Quarter Highlights: Net subscriber additions of 47,400, bringing the total base to over 1,089,000 subscribers Total revenue of $37.8 million, up 12% year-over-year (constant currency) Subscription revenue of $32.4 million, up 10% year-over-year (constant currency) Net income of $0.2 million, up from the $1.2 million loss in the prior year Adjusted EBITDA up 41% year-over-year to $8.5 million, at an adjusted EBITDA margin of 22.5% (up 550 basis points from the prior year) Cash and cash equivalents of $29.5 million at quarter end Net cash provided by operating activities of $8.5 million during the quarter Free cash flow of $2.1 million generated during the quart

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a global SaaS leader of connected fleet management solutions, will hold a conference call on Wednesday, November 8, 2023, at 8:00 a.m. Eastern time and 3:00 p.m. South African time to discuss its financial results for the second quarter of fiscal year 2024, which ended September 30, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Wednesday, November 8, 2023 Time: 8:00 a.m. Eastern time and 3:00 p.m. South African time U.S. dial-in: 1-877-300-

Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Expected to Provide Immediate Scale Expected to Create a Day One Business with Total Revenue of $279 Million, Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67% In Addition to Organic Growth, Combination is Expected to Unlock Significant Annual EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Powerfleet's Unity Platform, Modular Software, and AI-Driven Data Solutions into Combined Ba

First Quarter Highlights: Net subscriber additions of 40,500, bringing the total base to over 1,042,000 subscribers Total revenue of $36.4 million, up 15% year-over-year (constant currency) Subscription revenue of $32.2 million, up 16% year-over-year (constant currency) Annual recurring revenue ("ARR") of $129.5 million, up 15% year-over-year (constant currency) Net income of $1.6 million, up from $0.7 million in the prior year Adjusted EBITDA of $8.7 million, at an adjusted EBITDA margin of 23.8% (up 670 basis points from the prior year) Cash and cash equivalents of $27.1 million at quarter end MiX Telematics Limited ("MiX Telematics" or the "Company") (NYSE:MIXT) (

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a leading global Software-as-a-Service ("SaaS") provider of connected fleet management solutions, will hold a conference call on Wednesday, August 2, 2023, at 8:00 a.m. Eastern time and 2:00 p.m. South African time to discuss its financial results for the first quarter of fiscal year 2024, which ended June 30, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Wednesday, August 2, 2023 Time: 8:00 a.m. Eastern time and 2:00 p.m. South African tim

Highlights: Fourth Quarter Fiscal Year 2023: Net subscriber additions of 42,700, bringing the total base to over one million subscribers Total revenue of $36.9 million, up 12% year-over-year (constant currency) Subscription revenue of $32.5 million, up 14% year-over-year (constant currency) Annual recurring revenue ("ARR") of $129.0 million, up 15% year-over-year (constant currency) Net income of $2.3 million Adjusted EBITDA of $9.2 million, at an Adjusted EBITDA margin of 25.0% (up 280 basis points from the prior quarter) Net cash from operating activities of $9.2 million Free cash flow of $3.4 million Board increases quarterly dividend by 12.5% Fiscal Year

MiX Telematics Limited (JSE: MIX) (NYSE:MIXT) ("MiX Telematics" or the "Company"), a leading global Software-as-a-Service ("SaaS") provider of connected fleet management solutions, will hold a conference call on Thursday, May 25, 2023, at 8:00 a.m. Eastern time and 2:00 p.m. South African time to discuss its financial results for the fourth quarter and fiscal year 2023, which ended March 31, 2023. The results will be reported in a press release prior to the conference call. MiX Telematics management will host the conference call and simultaneous webcast, followed by a question-and-answer period. Date: Thursday, May 25, 2023 Time: 8:00 a.m. Eastern time and 2:00 p.m. South African time U

 Third Quarter Highlights: Total revenue of $37.8 million, up 14% year-over-year (constant currency) Subscription revenue of $32.5 million, up 17% year-over-year (constant currency) Annual recurring revenue ("ARR") of $131.8 million, up 17% year-over-year (constant currency) Record net quarterly organic subscriber additions of 44,600, bringing the total base to over 959,000 Net income of $2.8 million, up from $0.6 million in the prior year Adjusted EBITDA of $8.4 million, at an Adjusted EBITDA margin of 22.2% (up from $6.0 million, at an Adjusted EBITDA margin of 17.0%, in the prior quarter) Net cash from operating activities of $11.2 million Free cash flow of $5.9 million

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