MiX Telematics Limited (NYSE:MIXT) Q4 2022 Earnings Conference Call May 26, 2022 8:00 AM ET

Company Participants

John Granara – Chief Financial Officer

Stefan Joselowitz – Chief Executive Officer

Conference Call Participants

Matt Pfau – William Blair

Mike Walkley – Canaccord Genuity

Alex Sklar – Raymond James

Operator

Greetings, and welcome to the MiX Telematics Fiscal Fourth Quarter 2022 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn this conference over to your host Mr. John Granara, Chief Financial Officer. Thank you, sir. You may begin your presentation.

John Granara

Thank you, and good morning, everyone. We appreciate you joining us to review MiX Telematics earnings results for the fourth quarter fiscal year 2022, which ended on March 31, 2021. Today, we will be discussing the results announced in our press release issued a few hours ago. I’m John Granara, MiX’s Chief Financial Officer; and I’m joined by Stefan Joselowitz, or as many of you know him, Joss. He is President and Chief Executive Officer of MiX Telematics.

During today’s call, we will make 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 a 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’s 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 will turn the call over to Joss.

Stefan Joselowitz

Thanks, John, and thanks to all of you for joining the call today. Our fourth quarter results reflected strong execution by the entire MiX team, as we continue to build on the momentum from recent quarters. We added close to 25,000 subscribers to end the quarter with a base of over 815,000, an increase of 9% year-over-year.

Our subscriber base is now nearly back to its pre-pandemic levels. All three of our solution categories contributed to the strong growth, including solid new premium fleet customer additions.