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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Total revenue $ 36,074 $ 30,948 $ 70,972 $ 58,445
Cost of revenue        
Total cost of revenue 13,106 10,297 25,149 18,875
Gross profit 22,968 20,651 45,823 39,570
Operating expenses        
Sales and marketing 3,872 2,447 7,384 5,193
Administration and other 15,366 13,631 30,373 27,122
Total operating expenses 19,238 16,078 37,757 32,315
Income from operations 3,730 4,573 8,066 7,255
Other (expense)/income 199 (77) 64 (175)
Net interest expense 141 70 219 140
Income before income tax expense 3,788 4,426 7,911 6,940
Income tax expense 2,489 974 3,081 1,066
Net income 1,299 3,452 4,830 5,874
Less: Net income attributable to non-controlling interest 0 0 0 0
Net income attributable to MiX Telematics Limited $ 1,299 $ 3,452 $ 4,830 $ 5,874
Net income per ordinary share        
Basic (in dollars per share) $ 0.002 $ 0.01 $ 0.01 $ 0.01
Diluted (in dollars per share) 0.002 0.01 0.01 0.01
Net income per American Depository Share        
Basic (in dollars per share) 0.06 0.16 0.22 0.27
Diluted (in dollars per share) $ 0.06 $ 0.15 $ 0.21 $ 0.26
Ordinary shares        
Weighted average (in shares) 552,386 548,008 552,124 547,569
Diluted weighted average (in shares) 565,622 558,951 565,322 558,829
American Depository Shares        
Weighted average (in shares) 22,095 21,920 22,085 21,903
Diluted weighted average (in shares) 22,625 22,358 22,613 22,353
Subscription        
Revenue        
Total revenue $ 30,885 $ 27,623 $ 61,975 $ 53,498
Cost of revenue        
Total cost of revenue 9,219 7,676 18,346 15,025
Hardware and other        
Revenue        
Total revenue 5,189 3,325 8,997 4,947
Cost of revenue        
Total cost of revenue $ 3,887 $ 2,621 $ 6,803 $ 3,850