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MiX Telematics Limited's Q3 Net Subscriber Additions of 52,400 Brought the Total Base to over 1,142,000 Subscribers

Author: Benzinga Newsdesk | February 01, 2024 07:10am

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

Posted In: MIXT