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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Revenue      
Total revenue $ 145,650 $ 143,705 $ 131,781
Cost of revenue      
Total cost of revenue 53,015 46,885 44,109
Gross profit 92,635 96,820 87,672
Operating expenses      
Sales and marketing 13,324 14,489 14,235
Administration and other 58,263 58,040 57,271
Total operating expenses 71,587 72,529 71,506
Income from operations 21,048 24,291 16,166
Other (expense)/income (299) 101 (63)
Net interest income 67 233 385
Income before income tax expense 20,816 24,625 16,488
Income tax expense 9,829 9,815 2,536
Net income for the year 10,987 14,810 13,952
Net income attributable to MiX Telematics Limited stockholders 10,987 14,810 13,947
Net income attributable to non-controlling interest 0 0 5
Net income for the year $ 10,987 $ 14,810 $ 13,952
Net income per ordinary share      
Basic (in dollars per share) $ 0.02 $ 0.03 $ 0.02
Diluted (in dollars per share) 0.02 0.03 0.02
Net income per American Depository Share      
Basic (in dollars per AD share) 0.50 0.66 0.62
Diluted (in dollars per share) $ 0.48 $ 0.63 $ 0.61
Ordinary shares      
Weighted average (in shares) 553,653 563,578 561,088
Diluted weighted average (in shares) 567,879 583,741 572,824
American Depository Shares      
Weighted average (in shares) 22,146 22,543 22,444
Diluted weighted average (in shares) 22,715 23,350 22,913
Related party transactions      
Short-term lease expense $ 198 $ 721  
Non-executive Chairperson      
Related party transactions      
Short-term lease expense 182 537 $ 637
Subscription      
Revenue      
Total revenue 127,570 123,150 110,399
Cost of revenue      
Total cost of revenue 39,828 34,940 32,555
Hardware and other      
Revenue      
Total revenue 18,080 20,555 21,382
Cost of revenue      
Total cost of revenue $ 13,187 $ 11,945 $ 11,554