MIXT — Stock Film
STOCK FILMSCENE 1/12MIXT · $14.55
Stock Expert AI presents
MIXT
MiX Telematics Limited
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
MiX Telematics Limited. What it actually does.

Provides fleet management solutions through a Software-as-a-Service (SaaS) model. Now — the numbers.

on the stock market since 2013
1,029 employees
$322.4M market value
WHERE DOES THE MONEY COME FROM?
87%Subscription
SubscriptionHardware and Other 13%
87% of all revenue comes from a single line: Subscription.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$1.4B
The loss that same year:
$0
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 76% a year over the last 4 years. Every year shown ended in profit.

$145.7M
2020
2021
2022
2023
$1.4B
2024
Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
2 / 8
EXPECTATIONS MET OR BEATEN
2
May 2022
Feb 2024
2 TIMES IN THE LAST 8 QUARTERS
It misses the bar more often than not.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
0.2×

This company is not turning a profit, so the market is pricing its sales instead: 0.2× for every dollar of annual revenue.

Analysts' average target sits 18% below today's price.

What executives did with their own stock over the last 12 months:
22 buy68 sell

Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.

THE FIVE-YEAR JOURNEY
Trading below its recent peak.

The stock trades below its recent peak — about 12% off the top. A pullback, not a collapse.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 76% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $1.4B a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $29.9M in the vault; even if every debt were paid off, $14.6M would remain.

1
THE RISKS · 1/3
Lost money last year

A loss of $0 against $1.4B in annual sales.

2
THE RISKS · 2/3
Executives lean toward selling

Over the last 12 months, executives reported 68 sells against just 22 buys. Not an alarm bell by itself, but a number worth watching.

3
THE RISKS · 3/3
The price sits above analysts’ target

The stock trades 18% above the average analyst price target.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film