Investment Highlights
MiX Telematics (NYSE:MIXT) is a provider of telematics solutions to the transportation industry, focusing on enterprise customers. The company has been growing its subscriber base at ~11% CAGR and with a strong management team, clear ROI for customers, and a substantial market opportunity, the company looks poised for continued growth.
Industry Overview
The company targets the premium/enterprise fleet market which is significantly different than the SMB market that many other telematics companies are chasing. The key differences between these two markets are as follows:
- Customers have larger fleet sizes (>500 vehicles)