MiX Telematics Second Quarter 2023 Earnings: US$0.002 loss per share (vs US$0.002 profit in 2Q 2022)
MiX Telematics (JSE:MIX) Second Quarter 2023 Results
Key Financial Results
Revenue: US$35.3m (down 2.3% from 2Q 2022).
Net loss: US$1.21m (down by 193% from US$1.30m profit in 2Q 2022).
US$0.002 loss per share (down from US$0.002 profit in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MiX Telematics Earnings Insights
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry.
Performance of the market in South Africa.
The company's shares are down 9.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for MiX Telematics (of which 2 are significant!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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