2023-05-26 08:28:22 ET
- MiX Telematics ( NYSE: MIXT ) has announced that the business has accumulated more than 1M active subscribers across their combined fleet and consumer customer base.
- This significant milestone comes on the back of continued subscriber growth throughout the financial year ending 31 March 2023.
- Total revenue for the year was $145M, up 10% Y/Y at constant currency and recurring revenue made up 87% of that.
- "Closing out the fiscal year, we are exceptionally proud to have surpassed this significant milestone. We also expanded our adjusted EBITDA margin to 25% and continue to generate strong, positive free cash flow," said CEO Stefan Joselowitz.
For further details see:
MiX Telematics passes 1M active subscribers