MiX Telematics (MIXT) 10-Q 9 Aug 22 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-36027
Entity Registrant Name	MIX TELEMATICS LIMITED
Entity Incorporation, State or Country Code	T3
Entity Address, Address Line One	750 Park of Commerce Blvd
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33487
City Area Code	(877)
Local Phone Number	585-1088
Title of 12(b) Security	American Depositary Shares, each representing 25 Ordinary Shares, no par value
Trading Symbol	MIXT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		552,414,160
Amendment Flag	false
Entity Central Index Key	0001576914
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 24,639	$ 33,738
Restricted cash	987	981
Accounts receivables, net of allowances for doubtful accounts of $5.4 million and $5.1 million, respectively	25,035	25,092
Inventory, net	4,345	3,356
Prepaid expenses and other current assets	12,780	11,463
Total current assets	67,786	74,630
Property, plant and equipment, net	32,922	32,274
Goodwill	40,556	44,434
Intangible assets, net	18,757	20,460
Deferred tax assets	2,854	3,768
Other assets	5,366	4,988
Total assets	168,241	180,554
Current liabilities:
Short-term debt	6,228	5,597
Accounts payables	6,853	8,052
Accrued expenses and other liabilities	19,338	19,610
Deferred revenue	5,755	6,692
Income taxes payable	619	590
Total current liabilities	38,793	40,541
Deferred tax liabilities	10,050	8,972
Long-term accrued expenses and other liabilities	3,665	4,344
Total liabilities	52,508	53,857
MiX Telematics Limited stockholders’ equity
Preference shares: 100 million shares authorized but not issued	0	0
Ordinary shares: 605.2 million and 606.2 million no-par value shares issued and outstanding as of March 31, 2022 and June 30, 2022, respectively	64,390	64,390
Less treasury stock at cost: 53.8 million shares as of March 31, 2022 and June 30, 2022	(17,315)	(17,315)
Retained earnings	78,969	79,709
Accumulated other comprehensive income	(6,123)	3,909
Additional paid-in capital	(4,193)	(4,001)
Total MiX Telematics Limited stockholders’ equity	115,728	126,692
Non-controlling interest	5	5
Total stockholders’ equity	115,733	126,697
Total liabilities and stockholders’ equity	$ 168,241	$ 180,554

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,103	$ 5,426
Preference shares, authorized (in shares)	100,000,000	100,000,000
Preference shares, issued (in shares)	0	0
Ordinary shares, issued (in shares)	606,200,000	605,200,000
Ordinary shares, outstanding (in shares)	606,200,000	605,200,000
Treasury stock (in shares)	53,800,000	53,800,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue
Total revenue	$ 35,059	$ 34,898
Cost of revenue
Total cost of revenue	13,326	12,043
Gross profit	21,733	22,855
Operating expenses
Sales and marketing	4,332	3,512
Administration and other	14,975	15,007
Total operating expenses	19,307	18,519
Income from operations	2,426	4,336
Other (expense)/income	899	(135)
Net interest (expense)/income	487	(78)
Income before income tax expense	3,812	4,123
Income tax expense	3,134	592
Net income	678	3,531
Less: Net income attributable to non-controlling interest	0	0
Net income attributable to MiX Telematics Limited	$ 678	$ 3,531
Net income per ordinary share
Basic (in dollars per share)	$ 0.001	$ 0.01
Diluted (in dollars per share)	0.001	0.01
Net income per American Depository Share
Basic (in dollars per share)	0.03	0.16
Diluted (in dollars per share)	$ 0.03	$ 0.16
Ordinary shares
Weighted average (in shares)	551,367	551,860
Diluted weighted average (in shares)	556,665	565,020
American Depository Shares
Weighted average (in shares)	22,055	22,074
Diluted weighted average (in shares)	22,267	22,601
Subscription
Revenue
Total revenue	$ 30,963	$ 31,090
Cost of revenue
Total cost of revenue	10,053	9,127
Hardware and other
Revenue
Total revenue	4,096	3,808
Cost of revenue
Total cost of revenue	$ 3,273	$ 2,916

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 678	$ 3,531
Other comprehensive income/(loss)
Foreign currency translation gains/(losses), net of tax	(10,032)	3,163
Total comprehensive income/(loss)	(9,354)	6,694
Less: Total comprehensive income attributable to non-controlling interest	0	0
Total comprehensive income/(loss) attributable to MiX Telematics Limited	$ (9,354)	$ 6,694

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Accumulated Other Comprehensive Income/(Loss)	Additional Paid-In Capital	Retained Earnings	Total MiX Telematics Limited Stockholders’ Equity	Non-Controlling Interest
Beginning balance (in shares) at Mar. 31, 2021		605,579
Beginning balance at Mar. 31, 2021	$ 123,399	$ 67,401	$ (17,315)	$ 1,924	$ (5,326)	$ 76,710	$ 123,394	$ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,531					3,531	3,531
Other comprehensive income	3,163			3,163			3,163
Issuance of common stock in relation to SARs and RSUs exercised (in shares)		501
Issuance of common stock in relation to SARs and RSUs exercised	0
Stock-based compensation	364				364		364
Dividends	(1,562)					(1,562)	(1,562)
Ending balance (in shares) at Jun. 30, 2021		606,080
Ending balance at Jun. 30, 2021	$ 128,895	$ 67,401	(17,315)	5,087	(4,962)	78,679	128,890	5
Beginning balance (in shares) at Mar. 31, 2022	605,200	605,177
Beginning balance at Mar. 31, 2022	$ 126,697	$ 64,390	(17,315)	3,909	(4,001)	79,709	126,692	5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	678					678	678
Other comprehensive income	(10,032)			(10,032)			(10,032)
Issuance of common stock in relation to SARs and RSUs exercised (in shares)		1,054
Issuance of common stock in relation to SARs and RSUs exercised	0
Stock-based compensation	(192)				(192)		(192)
Dividends	$ (1,418)					(1,418)	(1,418)
Ending balance (in shares) at Jun. 30, 2022	606,200	606,231
Ending balance at Jun. 30, 2022	$ 115,733	$ 64,390	$ (17,315)	$ (6,123)	$ (4,193)	$ 78,969	$ 115,728	$ 5

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Jun. 30, 2022 R / shares	Jun. 30, 2022 $ / shares	Jun. 30, 2021 R / shares	Jun. 30, 2021 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared (in ZAR/USD per share) | (per share)	R 0.04	$ 0.3	R 0.04	$ 0.3

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Cash generated from/(used in) operations	$ (1,278)	$ 5,419
Interest received	336	123
Interest paid	(165)	(81)
Income tax (paid)/received	422	(735)
Net cash provided by/(used in) operating activities	(685)	4,726
Cash flows from investing activities
Acquisition of property, plant and equipment – in-vehicle devices	(4,887)	(2,946)
Acquisition of property, plant and equipment – other	(305)	(64)
Proceeds from the sale of property, plant and equipment	33	12
Acquisition of intangible assets	(1,492)	(1,342)
Net cash used in investing activities	(6,651)	(4,340)
Cash flows from financing activities
Cash paid on dividends to MiX Telematics Limited stockholders	(1,416)	(1,549)
Movement in short-term debt	1,044	1,290
Net cash used in financing activities	(372)	(259)
Net increase/(decrease) in cash and cash equivalents, and restricted cash	(7,708)	127
Cash and cash equivalents, and restricted cash at beginning of the period	34,719	46,343
Effect of exchange rate changes on cash and cash equivalents, and restricted cash
Effect of exchange rate changes on cash and cash equivalents, and restricted cash	(1,385)	711
Cash and cash equivalents, and restricted cash at end of the period	$ 25,626	$ 47,181

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies Nature of the Business MiX Telematics Limited (the “Company”) is a global provider of connected fleet and mobile asset solutions delivered as Software-as-a-Service (“SaaS”). The Company’s solutions enable customers to manage, optimize and protect their investments in commercial fleets, mobile assets or personal vehicles. The Company’s solutions enable a wide range of customers, from large enterprise fleets to small fleet operators and consumers, to reduce fuel and other operating costs, improve efficiency, enhance regulatory compliance, promote driver safety, manage risk and mitigate theft. The Company is incorporated and domiciled in South Africa, with its principal executive office in Boca Raton, Florida. Basis of preparation and consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and reflect, in the opinion of management, all adjustments, consisting of normal recurring adjustments and accruals, which are necessary for a fair statement of the results of the interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended March 31, 2022 filed with the SEC on June 14, 2022. Use of estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the amounts reported and disclosed. Significant estimates include, but are not limited to, allowances for doubtful accounts, the assessment of expected cash flows used in evaluating goodwill for impairment and income and deferred taxes. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. We have considered the impact of COVID-19 on the estimates and assumptions used. As of June 30, 2022, we have taken into account the impact of COVID-19 on expected credit losses. We do not expect a significant impact on goodwill sensitivities and impairment assessments. However, future changes in economic conditions related to COVID-19 could have an impact on future estimates and judgements used. Summary of significant accounting policies There have been no changes to the Company’s significant accounting policies disclosed in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022, filed with the SEC on June 14, 2022, that have had a material impact on the Company’s Condensed Consolidated Financial Statements and related notes.

Revenue from contracts with cus

Revenue from contracts with customers	3 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from contracts with customers	Revenue from contracts with customers The Company provides fleet and mobile asset management solutions. The principal revenue streams are (1) Subscription and (2) Hardware and other. Subscription revenue is recognized over time and hardware and other revenue is recognized at a point-in-time. To provide services to customers, a device which collects and transmits information collected from the vehicle or other asset is required. Fleet customers may also obtain other items of hardware, virtually all of which are functionally-dependent on the device. Some customers obtain control of the device and other hardware (where legal title transfers to the customer), while other customers do not (where legal title remains with the Company). A contract arises on the acceptance of a customer’s purchase order, which is typically executed in writing. Contract liabilities When customers are invoiced in advance for subscription services that will be provided over periods of more than one month, or pay in advance of service periods of more t han one month, deferred revenue liabilities are recorded. Deferred revenue as of March 31, 2022 and June 30, 2022 was $6.7 million and $5.8 million, respectively. During the quarter ended June 30, 2021 and June 30, 2022, revenue of $1.2 million and $1.3 million respectively, was recognized which was included in the deferred revenue balances at the beginning of each such quarter. Contract acquisition costs Commissions payable to sales employees and external third parties which are incurred to acquire contracts are capitalized and amortized, unless the amortization period is 12 months or less, in which instance they are expensed immediately. Deferred commissions were $4.1 million and $4.4 mill ion as of March 31, 2022 and June 30, 2022, respectively, and are included in Other assets on the Condensed Consolidated Balance Sheets. The following is a summary of the amortization expense recognized (in thousands): Three Months Ended June 30, 2021 2022 Amortization recognized during the period: $ (910) $ (941) – Cost of revenue (external commissions) (675) (740) – Sales and marketing (internal commissions) (235) (201)

Credit risk related to accounts

Credit risk related to accounts receivable	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Credit risk related to accounts receivable	Credit risk related to accounts receivable The movements in the allowance for doubtful accounts are as follows (in thousands): Three Months Ended June 30, 2021 2022 Balance at April 1 $ 5,575 $ 5,426 Bad debt provision 571 720 Write-offs, net of recoveries (16) (573) Foreign currency translation differences 194 (470) Balance at June 30 $ 6,324 $ 5,103 Overview of the Company’s exposure to credit risk from customers The maximum exposure to credit risk at the reporting date is the carrying value of each receivable and loan to external parties, net of impairment losses where relevant. As of March 31, 2022 and June 30, 2022 , the Company had no significant concentration of credit risk, due to its spread of customers across various operations and geographical locations. The Company does not hold any collateral as security. Net accounts receivable as of March 31, 2022 and June 30, 2022 of $4.1 million and $3.2 million, respectively, are pledged as security for the Company’s overdraft facilities.

Property, plant and equipment

Property, plant and equipment	3 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, plant and equipment	Property, plant and equipment Property, plant and equipment comprises owned and right of use assets. The Company leases many assets including property, vehicles, machinery and IT equipment. The cost and accumulated depreciation of owned assets are as follows (in thousands): March 31, June 30, Owned assets Plant and Equipment $ 791 $ 715 Motor Vehicles 1,938 1,879 Furniture, fixtures and equipment 1,553 1,458 Computer and radio equipment 4,036 3,803 In-vehicle devices 65,881 65,976 Assets in progress 332 317 Owned assets, gross 74,531 74,148 Less: accumulated depreciation and impairments (46,597) (45,086) Owned assets, net $ 27,934 $ 29,062 Depreciation expense related to owned assets during the three months ended June 30, 2021 and 2022 was $2.7 million and $2.6 million, respectively. Depreciation expense related to in-vehicle devices is included in subscription cost of revenue. The cost and accumulated depreciation of right-of-use assets are as follows (in thousands): March 31, June 30, Right-of-use assets Property $ 7,019 $ 6,546 Equipment, motor vehicles and other 305 208 Less: accumulated depreciation (2,984) (2,894) Right of use assets, net $ 4,340 $ 3,860

Intangible assets

Intangible assets	3 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets	Intangible assets Intangible assets comprise the following (in thousands): As of March 31, 2022 As of June 30, 2022 Useful life (in years) Gross Carrying amount Accumulated amortization Net Gross Carrying amount Accumulated amortization Net Patents and trademarks 3 - 20 $ 105 $ (70) $ 35 $ 137 $ (105) $ 32 Customer relationships 2 - 15 2,772 (2,528) 244 2,678 (2,500) 178 Internal-use software, technology and other 1 - 18 42,335 (22,154) 20,181 39,124 (20,577) 18,547 Total $ 45,212 $ (24,752) $ 20,460 $ 41,939 $ (23,182) $ 18,757

Accrued expenses and other liab

Accrued expenses and other liabilities	3 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Accrued expenses and other liabilities	Accrued expenses and other liabilities Accrued expenses and other liabilities comprise the following (in thousands): March 31, June 30, Current: Product warranties $ 630 $ 313 Maintenance 506 664 Employee-related accruals 7,621 6,789 Lease liabilities 932 874 Accrued commissions 3,017 2,967 Other accruals 6,904 7,731 Total current $ 19,610 $ 19,338 Non-current: Lease liabilities $ 3,655 $ 3,178 Other liabilities 689 487 Total non-current $ 4,344 $ 3,665 Product warranties The Company provides warranties on certain products and undertakes to repair or replace items that fail to perform satisfactorily. Management estimates the related provision for future warranty claims based on historical warranty claim information, the product lifetime, as well as recent trends that might suggest that past cost information may differ from future claims. The table below provides details of the movement in the accrual (in thousands): As of June 30, 2022 2021 2022 Product warranties Opening balance $ 612 $ 683 Warranty expense 56 6 Reclassification (1) — (275) Utilized (61) — Foreign currency translation difference 18 (55) Balance as of June 30 $ 625 $ 359 Non-current portion (included in other liabilities) $ 18 $ 46 Current portion $ 607 $ 313 (1) Relates to a reclassification of certain costs from Product warranties to the Maintenance provision.

Development expenditure

Development expenditure	3 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Development expenditure	Development expenditure Development expenditure incurred comprises the following (in thousands): Three Months Ended June 30, 2021 2022 Costs capitalized (1) $ 971 $ 1,041 Costs expensed (2) 1,437 1,555 Total costs incurred $ 2,408 $ 2,596 (1) Costs capitalized relate only to the development of internal-use software, which are recognized in accordance with the Intangible assets (Internal-use software and technology) accounting policy. (2) Costs expensed are included in Administration and other expenses in the Condensed Consolidated Statements of Income.

Leases

Leases	3 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases property, office equipment and vehicles under operating leases. The lease terms vary between 1 month and 121 months, with many leases providing renewal rights and certain leases with annual escalations of up to 8% per annum. To the extent the Company is reasonably certain that it will exercise renewal options, such options have been included in the lease terms used for calculating the right-of-use assets and lease liabilities. Right-of-use assets are included in Property, plant and equipment in the Condensed Consolidated Balance Sheets and lease liabilities related to the Company’s operating leases are included in Accrued expenses and other liabilities and Long-term accrued expenses and other liabilities in the Condensed Consolidated Balance Sheets. Where lease terms are 12-months or less, and meet the criteria for short-term lease classification, no right-of-use asset and no lease liability are recognized. The components of lease cost are as follows (in thousands): Three Months Ended June 30, 2021 2022 Operating lease cost $ 407 $ 332 Short-term lease cost 89 46 Total lease cost $ 496 $ 378 Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands): Three Months Ended June 30, 2021 2022 Operating cash flow information: Cash payments included in the measurement of lease liabilities $ 393 $ 376 Non-cash activity: Right-of-use assets obtained in exchange for new operating lease liabilities $ 399 $ 199 Weighted-average remaining lease term and discount rate for our operating leases are as follows: March 31, June 30, Weighted-average remaining lease term - operating leases (months) (1) 25 23 Weighted-average discount rate - operating leases 8.0 % 8.0 % (1) Including expected renewals where appropriate. Maturities of operating lease liabilities as of June 30, 2022 were as follows (in thousands): 2023 (remainder) $ 954 2024 772 2025 692 2026 603 2027 614 Thereafter 1,555 Total future minimum lease payments 5,190 Less: Imputed interest (1,138) Present value of future minimum lease payments 4,052 Less: Current portion of lease liabilities (874) Non-current portion of lease liabilities $ 3,178

Income taxes

Income taxes	3 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income taxes	Income taxes Our income tax provision reflects our estimate of the effective tax rate expected to be applicable for the full fiscal year, adjusted for any discrete events which are recorded in the period they occur. The estimates are re-evaluated each quarter based on our estimated tax expense for the full fiscal year. Our effective tax rate was 14.4% for the three months ended June 30, 2021 compared to 82.2% for the three months ended June 30, 2022.

Earnings per share

Earnings per share	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings per share	Earnings per share Basic Basic earnings per share is calculated by dividing the income attributable to ordinary shareholders of the parent by the weighted average number of ordinary shares in issue during the period. The net income and weig hted average number of shares used in the calculation of basic and diluted earnings per share are as follows (in thousands, except per share data): Three Months Ended June 30, 2021 2022 Numerator (basic) Net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Denominator (basic) Weighted-average number of ordinary shares in issue and outstanding 551,860 551,367 Basic earnings per share $ 0.01 $ 0.001 American Depository Shares*: Net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Weighted-average number of American Depository Shares in issue and outstanding 22,074 22,055 Basic earnings per American Depository share $ 0.16 $ 0.03 *One American Depository Share is the equivalent of 25 ordinary shares. Diluted Diluted earnings per share is calculated by dividing the diluted income attributable to ordinary shareholders by the diluted weighted average number of ordinary shares in issue during the period. Stock options, retention shares and stock appreciation rights g ranted to directors and employees are considered to be potential ordinary shares. They have been included in the determination of diluted earnings per share if the required target share price or annual shareholder return hurdles (as applicable) would have been met based on the performance up to the reporting date, and to the extent to which they are dilutive. Three Months Ended June 30, 2021 2022 Numerator (diluted) Diluted net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Denominator (diluted) Weighted-average number of ordinary shares in issue and outstanding 551,860 551,367 Adjusted for: – potentially dilutive effect of stock appreciation rights 11,840 3,551 – potentially dilutive effect of restricted share units 1,320 1,747 Diluted-weighted average number of ordinary shares in issue and outstanding 565,020 556,665 Diluted earnings per share $ 0.01 $ 0.001 American Depository Shares*: Diluted net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Diluted weighted-average number of American Depository Shares in issue and outstanding 22,601 22,267 Diluted earnings per American Depository share $ 0.16 $ 0.03 *One American Depository Share is the equivalent of 25 ordinary shares.

Segment information

Segment information	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment information	Segment informationThe Company has 6 reportable segments, which are based on the geographical location of the 5 Regional Sales Offices (“RSOs”) and also includes the Central Services Organization (“CSO”). The RSOs provide fleet and mobile asset management solutions and predominantly generate external revenues. CSO is the central services organization that wholesales products and services to RSOs who, in turn, interface with our end-customers, distributors and dealers. CSO is also responsible for the development of hardware and software platforms and provides common marketing, product management, technical and distribution support to each of the other reportable segments. CSO is a reportable segment because it produces discrete financial information which is reviewed by the chief operating decision maker (“CODM”) and has the ability to generate external revenues. The CODM has been identified as the Chief Executive Officer who makes strategic decisions for the Company. The performance of the reportable segments has been measured and evaluated by the CODM using Segment Adjusted EBITDA, which is a measure that uses income before income tax expense excluding net interest income/expense, net foreign exchange gains/losses, net loss/profit on sale of property, plant and equipment, depreciation, amortization, operating lease costs, stock-based compensation costs/reversal, restructuring costs, gains or losses on the disposal or impairments of long-lived assets and corporate and consolidation entries. Product development costs are capitalized and amortized and this amortization is excluded from Segment Adjusted EBITDA. Segment assets are not disclosed because such information is not reviewed by the CODM. The following tables provide revenue and Segment Adjusted EBITDA (in thousands): Three Months Ended June 30, 2021 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 18,711 $ 1,215 $ 19,926 $ 8,904 Europe 3,373 1,261 4,634 1,751 Americas 3,623 195 3,818 539 Middle East and Australasia 4,349 1,105 5,454 2,543 Brazil 1,020 32 1,052 317 Total Regional Sales Offices 31,076 3,808 34,884 14,054 Central Services Organization 14 — 14 (2,587) Total Segment Results $ 31,090 $ 3,808 $ 34,898 $ 11,467 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Three Months Ended June 30, 2022 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 19,061 $ 1,672 $ 20,733 $ 7,937 Europe 3,145 489 3,634 1,236 Americas 3,412 690 4,102 173 Middle East and Australasia 4,099 885 4,984 1,838 Brazil 1,235 360 1,595 435 Total Regional Sales Offices 30,952 4,096 35,048 11,619 Central Services Organization 11 — 11 (2,767) Total Segment Results $ 30,963 $ 4,096 $ 35,059 $ 8,852 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. A reconciliation of the segment results to income before income tax expense is disclosed below (in thousands): Three Months Ended June 30, 2021 2022 Segment Adjusted EBITDA $ 11,467 $ 8,852 Corporate and consolidation entries (2,376) (2,174) Operating lease costs (1) (407) (334) Product development costs (2) (363) (343) Depreciation and amortization (3,679) (3,746) Stock-based compensation (costs)/reversal (3) (364) 192 Restructuring costs (1) — Net profit on sale of property, plant and equipment — 33 Net foreign exchange (losses)/gains (76) 845 Net interest (expense)/income (78) 487 Income before income tax expense $ 4,123 $ 3,812 1. For the purposes of calculating Segment Adjusted EBITDA, operating lease expenses are excluded from the Segment Adjusted EBITDA. Therefore, in order to reconcile Segment Adjusted EBITDA to income before income tax expense, the total lease expense in respect of operating leases needs to be deducted. 2. For segment reporting purposes, product development costs, which do not meet the capitalization requirements under ASC 730 Research and Development or under ASC 985 Software , are capitalized and amortized. The amortization is excluded from Segment Adjusted EBITDA. In order to reconcile Segment Adjusted EBITDA to income before income tax expense, product development costs capitalized for segment reporting purposes need to be deducted. 3. The Executive Vice President and Chief Financial Officer, John Granara, resigned with effect on June 24, 2022. The reversal for the three months ended June 30, 2022 relates to the forfeiture of stock appreciation rights and restricted share units as a result of the resignation during the period. No single customer accounted for 10% or more of the Company’s total revenue for the three months ended June 30, 2021 and 2022. No single customer accounted for 10% or more of the Company’s accounts receivable as of March 31, 2022 or June 30, 2022.

Stock-based compensation plan

Stock-based compensation plan	3 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation plan	Stock-based compensation plan The Company has issued equity-classified share incentives under the MiX Telematics Long-Term Incentive Plan (“LTIP”) to directors and certain key employees within the Company. The LTIP provides for three types of grants to be issued, namely performance shares, restricted share units (“RSUs”) and stock appreciation rights (“SARs”). As of June 30, 2022, there were 34,965,000 s hares reserved for future issuance under the LTIP. The total stock-based compensation expense recognized during the three months ended June 30, 2021 was $0.4 million. The total stock-based compensation reversal recognized during the three months ended June 30, 2022 was $0.2 million, mainly as a result of the resignation of the Group Chief Financial Officer during the period. Stock appreciation rights granted under the LTIP The following table summarizes the activities for the outstanding SARs: Number of SARs Weighted- Weighted Average Contractual Remaining Term (years) Aggregate Intrinsic Values (in thousands) Outstanding as of April 1, 2022 40,971,875 45 Granted — — Exercised (121,875) 21 Forfeited (4,950,000) 47 Outstanding as of June 30, 2022 35,900,000 40 3.43 Vested and expected to vest as of June 30, 2022 34,907,500 39 3.40 986 Vested as of June 30, 2022 8,350,000 21 0.75 1,949 As of June 30, 2022, there w as $2.0 million of unrecognized compensation cost related to unvested SARs. This amount is expected to be recognized over a weighted-average period of 3.9 years. *U.S. currency amounts are based on a ZAR:USD exchange rate of R16.155 as of June 30, 2022. Restricted share units granted under the LTIP 2 million RSUs were outstanding and unvested as of April 1, 2022. 1 million RSUs vested and were exercised during the first quarter of fiscal year 2023. 0.2 million RSUs were forfeited during the quarter, resulting in 0.8 million RSUs outstanding as of June 30, 2022. Management estimates forfeiture to be approximately 5%. The unrecognized compensation cost related to unvested RSUs as of June 30, 2022 was $0.1 million, which will be recognized over a weighted average period of 0.8 years, which is the same period as the weighted average remaining contractual term.

Debt

Debt	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt As of March 31, 2022 and June 30, 2022, debt comprised bank overdrafts of $5.6 million and $6.2 million, respectively. Details of undrawn facilities are shown below: Interest rate March 31, June 30, Undrawn borrowing facilities at floating rates include: – Standard Bank Limited: Overdraft SA Prime* less 1.2% $ — $ — Vehicle and asset finance SA Prime* less 1.2% 587 — Working capital facility SA Prime* less 0.25% 544 — – Nedbank Limited overdraft SA Prime* less 2% 690 619 – Investec Limited Facility: General committed banking facility SA Prime* less 1.5% — 21,666 General uncommitted banking facility Negotiable (overnight or daily rates) — 10,000 $ 1,821 $ 32,285 *South African prime interest rate As of March 31, 2022 and June 30, 2022, the South African prime interest rate was 7.75 % and 8.25% respectively. The Standard Bank Limited and Nedbank Limited facilities have no fixed renewal date and are repayable on demand. The facility from Nedbank Limited is unsecured. The Standard Bank overdraft facility was fully utilized as at June 30, 2022. On June 29, 2022, the Company entered into a new credit facility agreement with Investec Bank Limited (“Investec”) for a 364 days renewable committed general credit facility of R350 million ($22 million at a USD/ZAR exchange rate of $1:ZAR 16.1546), (the “Committed Facility”) and an uncommitted general credit facility of $10 million (the “Uncommitted Facility”). Under the Committed Facility, the Company will pay a commitment fee charged at 30bps on any undrawn portion of the Committed Facility (plus VAT on such amount), calculated monthly and payable, free of deduction, monthly in arrears on the first business day of each month. The Uncommitted Facility is repayable on demand by Investec and a fee of 10bps per annum shall be charged on any undrawn portion of the Uncommitted Facility (plus VAT on such amount), calculated monthly and payable, free of deduction, monthly in arrears on the seventh business day of each month.

Contingencies

Contingencies	3 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Service agreement In terms of an amended network services agreement with Mobile Telephone Networks Proprietary Limited (“MTN”), MTN is entitled to claw back payments from MiX Telematics Africa Proprietary Limited, a subsidiary of the Company, in the event of early cancellation of the agreement or certain base connections not being maintained over the term of the agreement. No connection incentive s will be received in terms of the amended network services agreement. The maximum potential liability under the arrangement as of March 31, 2022 and June 30, 2022 was $1.7 million and $ 1.5 million, respectively. No loss is consider ed probable under this arrangement. Competition Commission of South Africa matter On April 15, 2019 the Competition Commission of South Africa (“Commission”) referred a matter to the Competition Tribunal of South Africa (“Tribunal”). The Commission contends that the Company and a number of its channel partners have engaged in market division. Should the Tribunal rule against MiX Telematics, the Company may be liable for an administrative penalty in terms of the Competition Act, No. 89 of 1998. The Company cooperated fully with the Commission during its preliminary investigation. The Commission’s lawyer recently approached the Tribunal to secure a pre-hearing date. The pre-hearing will be used to set a timetable for the further process towards a hearing in due course. The parties expect the pre-hearing (once held) to result in dates for a hearing being established (along with a timeline for the production of documents such as the Commission’s investigative record, discovery, exchange of factual witness statements etc). The Tribunal has not yet reverted on the pre-hearing date. We cannot predict the timing of a resolution or the ultimate outcome of the matter; however, the Company and its external legal advisers continue to believe that we have consistently adhered to all applicable laws and regulations and that the referral from the Commission is without merit. As of June 30, 2022, we have not made any provisions for this matter as we do not believe that an outflow of economic resources is probable. The Ugandan Income Tax matter A claim has been raised by the Uganda Revenue Authority (“URA”) for Income Tax against MiX Telematics East Africa Limited based in Uganda. The initial assessment was received on July 20, 2020. We formally objected to the initial assessment raised by the URA. The objection letter is clear in its presentation of financial information and the application of tax legislation and concludes that no further assessment is justified. On December 15, 2020 the URA rejected our objection and proceeded to raise an additional assessment.

Subsequent events

Subsequent events	3 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent events	Subsequent events Other than the item below, the directors are not aware of any matter material or otherwise arising since June 30, 2022 and up to the date of this report, not otherwise dealt with herein. Dividend declared The Board of Directors declared, in respect of the three months ended June 30, 2022, a dividend of 4 South African cents per ordinary share and 1 South African Rand per ADS, which will be paid on September 1, 2022 to ADS holders on record as of the close of business on August 19, 2022.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of preparation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and reflect, in the opinion of management, all adjustments, consisting of normal recurring adjustments and accruals, which are necessary for a fair statement of the results of the interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”).
Consolidation	The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation.These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended March 31, 2022 filed with the SEC on June 14, 2022.
Use of estimates	Use of estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the amounts reported and disclosed. Significant estimates include, but are not limited to, allowances for doubtful accounts, the assessment of expected cash flows used in evaluating goodwill for impairment and income and deferred taxes. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. We have considered the impact of COVID-19 on the estimates and assumptions used. As of June 30, 2022, we have taken into account the impact of COVID-19 on expected credit losses. We do not expect a significant impact on goodwill sensitivities and impairment assessments. However, future changes in economic conditions related to COVID-19 could have an impact on future estimates and judgements used.

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	3 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Recognized Amortization Expense	The following is a summary of the amortization expense recognized (in thousands): Three Months Ended June 30, 2021 2022 Amortization recognized during the period: $ (910) $ (941) – Cost of revenue (external commissions) (675) (740) – Sales and marketing (internal commissions) (235) (201)

Credit risk related to accoun_2

Credit risk related to accounts receivable (Tables)	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Movements in the Allowance for Doubtful Accounts	The movements in the allowance for doubtful accounts are as follows (in thousands): Three Months Ended June 30, 2021 2022 Balance at April 1 $ 5,575 $ 5,426 Bad debt provision 571 720 Write-offs, net of recoveries (16) (573) Foreign currency translation differences 194 (470) Balance at June 30 $ 6,324 $ 5,103

Property, plant and equipment (

Property, plant and equipment (Tables)	3 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Owned Property, Plant and Equipment	The cost and accumulated depreciation of owned assets are as follows (in thousands): March 31, June 30, Owned assets Plant and Equipment $ 791 $ 715 Motor Vehicles 1,938 1,879 Furniture, fixtures and equipment 1,553 1,458 Computer and radio equipment 4,036 3,803 In-vehicle devices 65,881 65,976 Assets in progress 332 317 Owned assets, gross 74,531 74,148 Less: accumulated depreciation and impairments (46,597) (45,086) Owned assets, net $ 27,934 $ 29,062 The cost and accumulated depreciation of right-of-use assets are as follows (in thousands): March 31, June 30, Right-of-use assets Property $ 7,019 $ 6,546 Equipment, motor vehicles and other 305 208 Less: accumulated depreciation (2,984) (2,894) Right of use assets, net $ 4,340 $ 3,860

Intangible assets (Tables)

Intangible assets (Tables)	3 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets comprise the following (in thousands): As of March 31, 2022 As of June 30, 2022 Useful life (in years) Gross Carrying amount Accumulated amortization Net Gross Carrying amount Accumulated amortization Net Patents and trademarks 3 - 20 $ 105 $ (70) $ 35 $ 137 $ (105) $ 32 Customer relationships 2 - 15 2,772 (2,528) 244 2,678 (2,500) 178 Internal-use software, technology and other 1 - 18 42,335 (22,154) 20,181 39,124 (20,577) 18,547 Total $ 45,212 $ (24,752) $ 20,460 $ 41,939 $ (23,182) $ 18,757

Accrued expenses and other li_2

Accrued expenses and other liabilities (Tables)	3 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other liabilities comprise the following (in thousands): March 31, June 30, Current: Product warranties $ 630 $ 313 Maintenance 506 664 Employee-related accruals 7,621 6,789 Lease liabilities 932 874 Accrued commissions 3,017 2,967 Other accruals 6,904 7,731 Total current $ 19,610 $ 19,338 Non-current: Lease liabilities $ 3,655 $ 3,178 Other liabilities 689 487 Total non-current $ 4,344 $ 3,665
Schedule of Product Warranties	The table below provides details of the movement in the accrual (in thousands): As of June 30, 2022 2021 2022 Product warranties Opening balance $ 612 $ 683 Warranty expense 56 6 Reclassification (1) — (275) Utilized (61) — Foreign currency translation difference 18 (55) Balance as of June 30 $ 625 $ 359 Non-current portion (included in other liabilities) $ 18 $ 46 Current portion $ 607 $ 313 (1) Relates to a reclassification of certain costs from Product warranties to the Maintenance provision.

Development expenditure (Tables

Development expenditure (Tables)	3 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Development Expenditure	Development expenditure incurred comprises the following (in thousands): Three Months Ended June 30, 2021 2022 Costs capitalized (1) $ 971 $ 1,041 Costs expensed (2) 1,437 1,555 Total costs incurred $ 2,408 $ 2,596 (1) Costs capitalized relate only to the development of internal-use software, which are recognized in accordance with the Intangible assets (Internal-use software and technology) accounting policy. (2) Costs expensed are included in Administration and other expenses in the Condensed Consolidated Statements of Income.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Lease Cost and Supplemental Cash Flow Information and Non-Cash Activity	The components of lease cost are as follows (in thousands): Three Months Ended June 30, 2021 2022 Operating lease cost $ 407 $ 332 Short-term lease cost 89 46 Total lease cost $ 496 $ 378 Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands): Three Months Ended June 30, 2021 2022 Operating cash flow information: Cash payments included in the measurement of lease liabilities $ 393 $ 376 Non-cash activity: Right-of-use assets obtained in exchange for new operating lease liabilities $ 399 $ 199 Weighted-average remaining lease term and discount rate for our operating leases are as follows: March 31, June 30, Weighted-average remaining lease term - operating leases (months) (1) 25 23 Weighted-average discount rate - operating leases 8.0 % 8.0 % (1) Including expected renewals where appropriate.
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases	Maturities of operating lease liabilities as of June 30, 2022 were as follows (in thousands): 2023 (remainder) $ 954 2024 772 2025 692 2026 603 2027 614 Thereafter 1,555 Total future minimum lease payments 5,190 Less: Imputed interest (1,138) Present value of future minimum lease payments 4,052 Less: Current portion of lease liabilities (874) Non-current portion of lease liabilities $ 3,178

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic Earnings Per Share	The net income and weig hted average number of shares used in the calculation of basic and diluted earnings per share are as follows (in thousands, except per share data): Three Months Ended June 30, 2021 2022 Numerator (basic) Net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Denominator (basic) Weighted-average number of ordinary shares in issue and outstanding 551,860 551,367 Basic earnings per share $ 0.01 $ 0.001 American Depository Shares*: Net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Weighted-average number of American Depository Shares in issue and outstanding 22,074 22,055 Basic earnings per American Depository share $ 0.16 $ 0.03 *One American Depository Share is the equivalent of 25 ordinary shares.
Schedule of Diluted Earnings Per Share	Three Months Ended June 30, 2021 2022 Numerator (diluted) Diluted net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Denominator (diluted) Weighted-average number of ordinary shares in issue and outstanding 551,860 551,367 Adjusted for: – potentially dilutive effect of stock appreciation rights 11,840 3,551 – potentially dilutive effect of restricted share units 1,320 1,747 Diluted-weighted average number of ordinary shares in issue and outstanding 565,020 556,665 Diluted earnings per share $ 0.01 $ 0.001 American Depository Shares*: Diluted net income attributable to MiX Telematics Limited stockholders $ 3,531 $ 678 Diluted weighted-average number of American Depository Shares in issue and outstanding 22,601 22,267 Diluted earnings per American Depository share $ 0.16 $ 0.03 *One American Depository Share is the equivalent of 25 ordinary shares.

Segment information (Tables)

Segment information (Tables)	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables provide revenue and Segment Adjusted EBITDA (in thousands): Three Months Ended June 30, 2021 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 18,711 $ 1,215 $ 19,926 $ 8,904 Europe 3,373 1,261 4,634 1,751 Americas 3,623 195 3,818 539 Middle East and Australasia 4,349 1,105 5,454 2,543 Brazil 1,020 32 1,052 317 Total Regional Sales Offices 31,076 3,808 34,884 14,054 Central Services Organization 14 — 14 (2,587) Total Segment Results $ 31,090 $ 3,808 $ 34,898 $ 11,467 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Three Months Ended June 30, 2022 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 19,061 $ 1,672 $ 20,733 $ 7,937 Europe 3,145 489 3,634 1,236 Americas 3,412 690 4,102 173 Middle East and Australasia 4,099 885 4,984 1,838 Brazil 1,235 360 1,595 435 Total Regional Sales Offices 30,952 4,096 35,048 11,619 Central Services Organization 11 — 11 (2,767) Total Segment Results $ 30,963 $ 4,096 $ 35,059 $ 8,852 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time.
Reconciliation of Segment Results to Income Before Tax	A reconciliation of the segment results to income before income tax expense is disclosed below (in thousands): Three Months Ended June 30, 2021 2022 Segment Adjusted EBITDA $ 11,467 $ 8,852 Corporate and consolidation entries (2,376) (2,174) Operating lease costs (1) (407) (334) Product development costs (2) (363) (343) Depreciation and amortization (3,679) (3,746) Stock-based compensation (costs)/reversal (3) (364) 192 Restructuring costs (1) — Net profit on sale of property, plant and equipment — 33 Net foreign exchange (losses)/gains (76) 845 Net interest (expense)/income (78) 487 Income before income tax expense $ 4,123 $ 3,812 1. For the purposes of calculating Segment Adjusted EBITDA, operating lease expenses are excluded from the Segment Adjusted EBITDA. Therefore, in order to reconcile Segment Adjusted EBITDA to income before income tax expense, the total lease expense in respect of operating leases needs to be deducted. 2. For segment reporting purposes, product development costs, which do not meet the capitalization requirements under ASC 730 Research and Development or under ASC 985 Software , are capitalized and amortized. The amortization is excluded from Segment Adjusted EBITDA. In order to reconcile Segment Adjusted EBITDA to income before income tax expense, product development costs capitalized for segment reporting purposes need to be deducted. 3. The Executive Vice President and Chief Financial Officer, John Granara, resigned with effect on June 24, 2022. The reversal for the three months ended June 30, 2022 relates to the forfeiture of stock appreciation rights and restricted share units as a result of the resignation during the period.

Stock-based compensation plan (

Stock-based compensation plan (Tables)	3 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Unvested SARs Activities	The following table summarizes the activities for the outstanding SARs: Number of SARs Weighted- Weighted Average Contractual Remaining Term (years) Aggregate Intrinsic Values (in thousands) Outstanding as of April 1, 2022 40,971,875 45 Granted — — Exercised (121,875) 21 Forfeited (4,950,000) 47 Outstanding as of June 30, 2022 35,900,000 40 3.43 Vested and expected to vest as of June 30, 2022 34,907,500 39 3.40 986 Vested as of June 30, 2022 8,350,000 21 0.75 1,949

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Undrawn Facilities	Details of undrawn facilities are shown below: Interest rate March 31, June 30, Undrawn borrowing facilities at floating rates include: – Standard Bank Limited: Overdraft SA Prime* less 1.2% $ — $ — Vehicle and asset finance SA Prime* less 1.2% 587 — Working capital facility SA Prime* less 0.25% 544 — – Nedbank Limited overdraft SA Prime* less 2% 690 619 – Investec Limited Facility: General committed banking facility SA Prime* less 1.5% — 21,666 General uncommitted banking facility Negotiable (overnight or daily rates) — 10,000 $ 1,821 $ 32,285 *South African prime interest rate

Revenue from contracts with c_3

Revenue from contracts with customers - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 5.8		$ 6.7
Revenue	1.3	$ 1.2
Deferred commissions	$ 4.4		$ 4.1

Revenue from contracts with c_4

Revenue from contracts with customers - Summary of Recognized Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Capitalized Contract Cost [Line Items]
Amortization recognized during the period	$ (941)	$ (910)
Cost of Revenue
Capitalized Contract Cost [Line Items]
Amortization recognized during the period	(740)	(675)
Sales and Marketing
Capitalized Contract Cost [Line Items]
Amortization recognized during the period	$ (201)	$ (235)

Credit risk related to accoun_3

Credit risk related to accounts receivable - Schedule of Movements in the Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at April 1	$ 5,426	$ 5,575
Bad debt provision	720	571
Write-offs, net of recoveries	(573)	(16)
Foreign currency translation differences	(470)	194
Balance at June 30	$ 5,103	$ 6,324

Credit risk related to accoun_4

Credit risk related to accounts receivable - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net accounts receivables pledged as security	$ 25,035	$ 25,092
Asset Pledged as Collateral | Overdraft facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net accounts receivables pledged as security	$ 3,200	$ 4,100

Property, plant and equipment -

Property, plant and equipment - Schedule of Owned Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Owned assets, gross	$ 74,148	$ 74,531
Less: accumulated depreciation and impairments	(45,086)	(46,597)
Owned assets, net	29,062	27,934
Plant and Equipment
Property, Plant and Equipment [Line Items]
Owned assets, gross	715	791
Motor Vehicles
Property, Plant and Equipment [Line Items]
Owned assets, gross	1,879	1,938
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Owned assets, gross	1,458	1,553
Computer and radio equipment
Property, Plant and Equipment [Line Items]
Owned assets, gross	3,803	4,036
In-vehicle devices
Property, Plant and Equipment [Line Items]
Owned assets, gross	65,976	65,881
Assets in progress
Property, Plant and Equipment [Line Items]
Owned assets, gross	$ 317	$ 332

Property, plant and equipment_2

Property, plant and equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2.6	$ 2.7

Property, plant and equipment_3

Property, plant and equipment - Schedule of Right-of-Use Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (2,894)	$ (2,984)
Right of use assets, net	3,860	4,340
Property
Property, Plant and Equipment [Line Items]
Right of use property and equipment, gross	6,546	7,019
Equipment, motor vehicles and other
Property, Plant and Equipment [Line Items]
Right of use property and equipment, gross	$ 208	$ 305

Intangible assets - Schedule of

Intangible assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 41,939	$ 45,212
Accumulated amortization	(23,182)	(24,752)
Net	18,757	20,460
Patents and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	137	105
Accumulated amortization	(105)	(70)
Net	$ 32	35
Patents and trademarks | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	3 years
Patents and trademarks | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	20 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 2,678	2,772
Accumulated amortization	(2,500)	(2,528)
Net	$ 178	244
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	2 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	15 years
Internal-use software, technology and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 39,124	42,335
Accumulated amortization	(20,577)	(22,154)
Net	$ 18,547	$ 20,181
Internal-use software, technology and other | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	1 year
Internal-use software, technology and other | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	18 years

Intangible assets - Narrative (

Intangible assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1.1	$ 1

Accrued expenses and other li_3

Accrued expenses and other liabilities - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021
Current:
Product warranties	$ 313	$ 630	$ 607
Maintenance	664	506
Employee-related accruals	6,789	7,621
Lease liabilities	874	932
Accrued commissions	2,967	3,017
Other accruals	7,731	6,904
Total current	19,338	19,610
Non-current:
Lease liabilities	3,178	3,655
Other liabilities	487	689
Total non-current	$ 3,665	$ 4,344
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total current	Total current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total non-current	Total non-current

Accrued expenses and other li_4

Accrued expenses and other liabilities - Schedule of Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Product warranties
Beginning balance	$ 683	$ 612
Warranty expense	6	56
Reclassification	(275)	0
Utilized	0	(61)
Foreign currency translation difference	(55)	18
Ending balance	359	625
Non-current portion (included in other liabilities)	46	18
Current portion	$ 313	$ 607	$ 630

Development expenditure - Compo

Development expenditure - Components of Development Expenditure (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Costs capitalized	$ 1,041	$ 971
Costs expensed	1,555	1,437
Total costs incurred	$ 2,596	$ 2,408

Leases - Narrative (Details)

Leases - Narrative (Details)	Jun. 30, 2022
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 month
Maximum
Lessee, Lease, Description [Line Items]
Lease term	121 months
Annual escalation percentage	8%

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease cost	$ 332	$ 407
Short-term lease cost	46	89
Total lease cost	$ 378	$ 496

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Non-Cash Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Operating cash flow information:
Cash payments included in the measurement of lease liabilities	$ 376	$ 393
Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 199	$ 399
Weighted-average remaining lease term - operating leases (months)	23 months		25 months
Weighted-average discount rate - operating leases	8%		8%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Leases [Abstract]
2023 (remainder)	$ 954
2024	772
2025	692
2026	603
2027	614
Thereafter	1,555
Total future minimum lease payments	5,190
Less: Imputed interest	(1,138)
Present value of future minimum lease payments	4,052
Less: Current portion of lease liabilities	(874)	$ (932)
Non-current portion of lease liabilities	$ 3,178	$ 3,655

Income taxes (Details)

Income taxes (Details)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	82.20%	14.40%

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Basic earnings per share
Net income attributable to MiX Telematics Limited stockholders	$ 678	$ 3,531
Weighted average number of ordinary shares in issue and outstanding (in shares)	551,367	551,860
Basic earnings per share (in dollars per share)	$ 0.001	$ 0.01
Weighted average number of American Depository Shares in issue and outstanding (in shares)	22,055	22,074
Basic earnings per American Depository Share (in dollars per share)	$ 0.03	$ 0.16
Diluted earnings per share
Diluted weighted average number of ordinary shares in issue and outstanding (in shares)	556,665	565,020
Diluted earnings per share (in dollars per share)	$ 0.001	$ 0.01
Diluted weighted average number of American Depository Shares in issue and outstanding (in shares)	22,267	22,601
Diluted earnings per American Depository Share (in dollars per share)	$ 0.03	$ 0.16
Stock Appreciation Rights
Diluted earnings per share
Potentially dilutive effect of share-based payment arrangements (in shares)	3,551	11,840
Restricted Share Units
Diluted earnings per share
Potentially dilutive effect of share-based payment arrangements (in shares)	1,747	1,320

Segment information - Narrative

Segment information - Narrative (Details)	3 Months Ended
	Jun. 30, 2022 regional_sales_office segment
Segment Reporting [Abstract]
Number of reportable segments | segment	6
Number of regional sales offices | regional_sales_office	5

Segment information - Schedule

Segment information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total revenue	$ 35,059	$ 34,898
Segment Adjusted EBITDA	8,852	11,467
Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	30,963	31,090
Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	4,096	3,808
Total Regional Sales Offices
Segment Reporting Information [Line Items]
Total revenue	35,048	34,884
Segment Adjusted EBITDA	11,619	14,054
Total Regional Sales Offices | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	30,952	31,076
Total Regional Sales Offices | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	4,096	3,808
Africa
Segment Reporting Information [Line Items]
Total revenue	20,733	19,926
Segment Adjusted EBITDA	7,937	8,904
Africa | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	19,061	18,711
Africa | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	1,672	1,215
Europe
Segment Reporting Information [Line Items]
Total revenue	3,634	4,634
Segment Adjusted EBITDA	1,236	1,751
Europe | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	3,145	3,373
Europe | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	489	1,261
Americas
Segment Reporting Information [Line Items]
Total revenue	4,102	3,818
Segment Adjusted EBITDA	173	539
Americas | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	3,412	3,623
Americas | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	690	195
Middle East and Australasia
Segment Reporting Information [Line Items]
Total revenue	4,984	5,454
Segment Adjusted EBITDA	1,838	2,543
Middle East and Australasia | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	4,099	4,349
Middle East and Australasia | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	885	1,105
Brazil
Segment Reporting Information [Line Items]
Total revenue	1,595	1,052
Segment Adjusted EBITDA	435	317
Brazil | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	1,235	1,020
Brazil | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	360	32
Central Services Organization
Segment Reporting Information [Line Items]
Total revenue	11	14
Segment Adjusted EBITDA	(2,767)	(2,587)
Central Services Organization | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	11	14
Central Services Organization | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	$ 0	$ 0

Segment information - Reconcili

Segment information - Reconciliation of Segment Results to Income Before Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 8,852	$ 11,467
Stock-based compensation (costs)/reversal(3)	(200)	(400)
Net interest (expense)/income	487	(78)
Income before income tax expense	3,812	4,123
Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	8,852	11,467
Corporate and Eliminations
Segment Reporting Information [Line Items]
Corporate and consolidation entries	(2,174)	(2,376)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Operating lease costs	(334)	(407)
Product development costs	(343)	(363)
Depreciation and amortization	(3,746)	(3,679)
Stock-based compensation (costs)/reversal(3)	192	(364)
Restructuring costs	0	(1)
Net profit on sale of property, plant and equipment	33	0
Net foreign exchange (losses)/gains	845	(76)
Net interest (expense)/income	$ 487	$ (78)

Stock-based compensation plan -

Stock-based compensation plan - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.2	$ 0.4
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2
Expected period for recognition of unvested awards	3 years 10 months 24 days
Number of restricted stock units outstanding (in shares)	35,900,000		40,971,875
Number of restricted stock units vested (in shares)	8,350,000
Number of restricted stock units exercised (in shares)	121,875
Number of restricted stock units forfeited (in shares)	4,950,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 0.1
Expected period for recognition of unvested awards	9 months 18 days
Number of restricted stock units outstanding (in shares)	800,000		2,000,000
Number of restricted stock units unvested (in shares)	800,000		2,000,000
Number of restricted stock units vested (in shares)	1,000,000
Number of restricted stock units exercised (in shares)	1,000,000
Number of restricted stock units forfeited (in shares)	200,000
Estimated forfeiture rate	5%
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)	34,965,000

Stock-based compensation plan_2

Stock-based compensation plan - Summary of Unvested SARs Activities (Details) - SARs $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Number of SARs
Outstanding as of beginning of period (in shares) | shares	40,971,875
Granted (in shares) | shares	0
Exercised (in shares) | shares	(121,875)
Forfeited (in shares) | shares	(4,950,000)
Outstanding as of end of period (in shares) | shares	35,900,000
Vested and expected to vest (in shares) | shares	34,907,500
Vested (in shares) | shares	8,350,000
Weighted- Average Award Price in U.S. Cents
Outstanding as of beginning of period (in dollars per share) | $ / shares	$ 0.45
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	0.21
Forfeited (in dollars per share) | $ / shares	0.47
Outstanding as of end of period (in dollars per share) | $ / shares	0.40
Vested and expected to vest (in dollars per share) | $ / shares	0.39
Vested (in dollars per share) | $ / shares	$ 0.21
Weighted average remaining contractual term, outstanding	3 years 5 months 4 days
Weighted average remaining contractual term, vested and expected to vest	3 years 4 months 24 days
Weighted average remaining contractual term, vested	9 months
Aggregate intrinsic value, vested and expected to vest | $	$ 986
Aggregate intrinsic value, vested | $	$ 1,949

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands, R in Millions	Jun. 29, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 29, 2022 ZAR (R)	Mar. 31, 2022 USD ($)
Debt Disclosure [Abstract]
Bank overdrafts		$ 6,228		$ 5,597
Line of Credit Facility [Line Items]
Bank overdrafts		$ 6,228		$ 5,597
Investec Limited
Line of Credit Facility [Line Items]
Credit facility, period	364 days
General committed banking facility | Investec Limited
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 22,000		R 350
Commitment fee percentage	0.30%
Percentage deducted from interest rate		1.50%
General uncommitted banking facility | Investec Limited
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 10,000
Commitment fee percentage	0.10%

Debt - Schedule of Undrawn Faci

Debt - Schedule of Undrawn Facilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Line of Credit Facility [Line Items]
Undrawn borrowing remaining	$ 32,285	$ 1,821
Standard Bank Limited | Overdraft
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	1.20%
Undrawn borrowing remaining	$ 0	0
Standard Bank Limited | Vehicle and asset finance
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	1.20%
Undrawn borrowing remaining	$ 0	587
Standard Bank Limited | Working capital facility
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	0.25%
Undrawn borrowing remaining	$ 0	544
Nedbank Limited | Overdraft
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	2%
Undrawn borrowing remaining	$ 619	690
Investec Limited | General committed banking facility
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	1.50%
Undrawn borrowing remaining	$ 21,666	0
Investec Limited | General uncommitted banking facility
Line of Credit Facility [Line Items]
Undrawn borrowing remaining	$ 10,000	$ 0

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022
Amended Network Service Agreement with MTN | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 1.5	$ 1.7
Ugandan Income Tax Matter
Loss Contingencies [Line Items]
Estimate of possible loss	$ 1

Subsequent events (Details)

Subsequent events (Details)	3 Months Ended
	Jun. 30, 2022 R / shares	Jun. 30, 2022 $ / shares	Jun. 30, 2021 R / shares	Jun. 30, 2021 $ / shares
Subsequent Events [Abstract]
Dividends declared per share (in ZAR per share) | (per share)	R 0.04	$ 0.3	R 0.04	$ 0.3
Dividends declared per ADS (in ZAR per share)	R 1