MiX Telematics Limited's Q3 Net Subscriber Additions of 52,400 Brought the Total Base to over 1,142,000 Subscribers
$MIXT
Computer Software: Prepackaged Software
Technology
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