MarketCap
Facebook
X
Telegram
MiX Telematics Limited Income Statement 2023-2011 | MIXT
Brief overview of revenue and earnings at MiX Telematics Limited
The figures are compared over a five-year interval. Revenue at MiX Telematics Limited moved from 132 million dollars in 2018 to 145 million dollars in 2023. The cumulative result was +10%, corresponding to roughly 1.9% per year. The business did not achieve meaningful top-line expansion.
The gross result shifted from 87.7 million dollars to 90.9 million dollars, or +3.6%. The relationship between sales and direct costs deteriorated. Gross profit as a share of revenue changed from 66.5% to 62.7%. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA changed from 31.7 million dollars to 27.2 million dollars (−14.3%). EBITDA underperformed the top-line trend. EBITDA margin moved from 24% to 18.7%. The business retained less EBITDA from each unit of revenue.
The net result moved from 13.9 million dollars to 4.5 million dollars, or −67.6%. Lower net income weakens the overall financial picture.
Market capitalization changed from $9.4 billion to $3.4 billion (−63.6%). Market expectations deteriorated over the period.
Financial takeaway
Signs of deterioration dominate the five-year picture. The most visible risks are pressure on operating profitability, declining capitalization and lower net income. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement MiX Telematics Limited
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.42 B | 3.41 B | 6.42 B | 7.41 B | 6.95 B | 9.38 B | 6.86 B | 4.93 B | 221 M | 308 M | - | - | - |
Shares |
553 M | 552 M | 549 M | 554 M | 564 M | 561 M | 630 M | 775 M | 31.6 M | 29.3 M | - | - | - |
Historical Prices |
6.18 | 6.18 | 11.7 | 13.4 | 12.3 | 16.7 | 10.9 | 6.36 | 3.34 | 5 | 10.1 | - | - |
Net Income |
4.52 M | 8.95 M | 14.6 M | 11 M | 14.8 M | 13.9 M | 9.03 M | 12.2 M | 12.3 M | 14.3 M | 13.9 M | 13.5 M | 10.5 M |
Revenue |
145 M | 143 M | 127 M | 146 M | 144 M | 132 M | 114 M | 98 M | 114 M | 120 M | 127 M | 133 M | 130 M |
Cost of Revenue |
54.1 M | 51.9 M | 43.9 M | 53 M | 46.9 M | 44.1 M | - | - | - | - | - | - | - |
Gross Profit |
90.9 M | 91.4 M | 83 M | 92.6 M | 96.8 M | 87.7 M | 77.4 M | 68.6 M | 77.4 M | 80.1 M | 80.8 M | 81.8 M | 80 M |
Operating Income |
11.6 M | 14.4 M | 18.2 M | 21 M | 24.3 M | 16.2 M | - | - | - | - | - | - | - |
Interest Expense |
1.69 M | -574 K | -897 K | -299 K | 101 K | -63 K | - | - | - | - | - | - | - |
EBITDA |
27.2 M | 29.4 M | 34.8 M | 41 M | 40.7 M | 31.7 M | 20.9 M | 17.4 M | 20.9 M | 24.7 M | 30.3 M | 27.8 M | 25.8 M |
Operating Expenses |
79.3 M | 77 M | 64.8 M | 71.6 M | 72.5 M | 71.5 M | 67.2 M | 59.4 M | 65.3 M | 64.2 M | 61.2 M | 62.7 M | 62.8 M |
General and Administrative Expenses |
62.1 M | 61.6 M | 53.5 M | 58.3 M | 58 M | 57.3 M | 53.7 M | 45.8 M | 51.2 M | 50.2 M | 46.8 M | 51 M | 51.4 M |
All numbers in USD currency
Quarterly Income Statement MiX Telematics Limited
| 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
554 M | 555 M | 554 M | 551 M | 553 M | 552 M | 552 M | 552 M | 552 M | 551 M | 552 M | 606 M | 551 M | 551 M | 548 M | 547 M | 550 M | 555 M | 558 M | 564 M | - | - | - | 561 M | - | - | - | 630 M | - | - | - | 775 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
1.46 M | 1.61 M | 1.46 M | 678 K | 2.79 M | 630 K | 1.3 M | 3.53 M | 630 K | 5.93 M | 4.83 M | - | 5.93 M | 5.93 M | 3.45 M | 2.42 M | 5.09 M | 3.35 M | 8.34 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
39.1 M | 36.4 M | 39.1 M | 35.1 M | 37.8 M | 36.2 M | 36.1 M | 34.9 M | 36.2 M | 34.1 M | 71 M | - | 34.1 M | 34.1 M | 30.9 M | 27.5 M | 36.5 M | 36.7 M | 72.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
15.6 M | 13.2 M | 15.6 M | 13.3 M | 13.5 M | 13.8 M | 13.1 M | 12 M | 13.8 M | 12.8 M | 25.1 M | - | 12.8 M | 12.8 M | 10.3 M | 8.58 M | 12.9 M | 12.4 M | 24.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
23.5 M | 23.1 M | 23.5 M | 21.7 M | 24.3 M | 22.5 M | 23 M | 22.9 M | 22.5 M | 21.3 M | 45.8 M | - | 21.3 M | 21.3 M | 20.7 M | 18.9 M | 23.5 M | 24.2 M | 48.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
2.45 M | 4.39 M | 2.45 M | 2.43 M | 4.03 M | 2.58 M | 3.73 M | 4.34 M | 2.58 M | 5.03 M | 8.07 M | - | 5.03 M | 5.03 M | 4.57 M | 2.68 M | 5.17 M | 6.45 M | 12.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
66 K | -709 K | 66 K | 899 K | -748 K | 114 K | 199 K | -135 K | 114 K | -95 K | 64 K | - | -95 K | -95 K | -77 K | -98 K | -178 K | -52 K | 323 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
6.05 M | 6.96 M | 6.05 M | 5.03 M | 6.43 M | 5.28 M | 6.33 M | 7.04 M | 5.28 M | 8.13 M | 13.4 M | - | 8.13 M | 8.13 M | 7.57 M | 6.31 M | 9.07 M | 9.85 M | 16.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
21 M | 18.7 M | 21 M | 19.3 M | 20.3 M | 19.9 M | 19.2 M | 18.5 M | 19.9 M | 16.3 M | 37.8 M | - | 16.3 M | 16.3 M | 16.1 M | 16.2 M | 18.4 M | 17.8 M | 36.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
17.5 M | 15.2 M | 17.5 M | 15 M | 15.7 M | 15.8 M | 15.4 M | 15 M | 15.8 M | 13.4 M | 30.4 M | - | 13.4 M | 13.4 M | 13.6 M | 13.5 M | 14.9 M | 14.6 M | 29.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company MiX Telematics Limited (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
Canada
Russia
China
Curacao
Guernsey
Israel
