MiX Telematics Limited (NYSE:MIXT) Q4 2023 Earnings Conference Call May 25, 2023 8:00 AM ET

Company Participants

Paul Dell - Chief Financial Officer

Stefan Joselowitz - President and Chief Executive Officer

Conference Call Participants

Matthew Pfau - William Blair

Alexander Sklar - Raymond James

Operator

Good morning, everyone, and thank you for participating in today's conference call to discuss MiX Telematics' Financial Results for the Fourth Quarter and Fiscal Year of 2023 ended March 31st, 2023.

Joining us today are MiX Telematics President and CEO, Stefan Joselowitz and the company's CFO, Paul Dell. Following their remarks, we will open the call for any questions you may have.

I would now like to turn the conference over to Chief Financial Officer, Paul Dell as he reads the company's Safe Harbor statement regarding forward-looking statements. Paul, please go ahead.

Paul Dell

Thank you and good morning, everyone. Before we continue, I'd like to remind all participants that during today's call we will be making forward-looking statements related to our business, which are subject to material risks and uncertainties that could cause our actual results to differ materially.

For discussion of the material risks and other important factors that could affect our results, please refer to those contained in our Form 10-K and other SEC filings, all of which are available on the Investor Relations section of our website.

We will also be referring to certain non-GAAP financial measures. There is a reconciliation schedule detailing these results currently available in our press release, which is located on our website and filed with the SEC.

With that, I would like to turn the call over to MiX Telematics' President and CEO, Stefan Joselowitz. Joss?

Stefan Joselowitz

Thank you, Paul, and good morning, everyone. As we close out the fiscal year, I am pleased to report that we continue to deliver strong subscriber growth, expanded adjusted EBITDA margin and another quarter of solid free cash generation.

Our total active base surpassed 1 million subscribers. This is an important milestone that we are extremely proud of. Our growing subscriber base which underpins a high quality, globally diversified, recurring revenue stream is the backbone of our business model. Our leadership position in a number of key verticals in the premium fleet segment generates more than 60% of our total revenues, while our subscribers in our asset tracking and light fleet categories strengthen and broaden our overall value proposition.