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CONDENSED CONSOLIDATED STATEMENTS OF INCOME/(LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 35,262 $ 36,074 $ 70,321 $ 70,972
Cost of revenue        
Total cost of revenue 13,160 13,106 26,486 25,149
Gross profit 22,102 22,968 43,835 45,823
Operating expenses        
Sales and marketing 4,053 3,872 8,385 7,384
Administration and other 16,572 15,366 31,547 30,373
Total operating expenses 20,625 19,238 39,932 37,757
Income from operations 1,477 3,730 3,903 8,066
Other income 708 199 1,607 64
Net interest (expense)/income (223) (141) 264 (219)
Income before income tax expense 1,962 3,788 5,774 7,911
Income tax expense 3,168 2,489 6,302 3,081
Net income/(loss) (1,206) 1,299 (528) 4,830
Less: Net income attributable to non-controlling interest 0 0 0 0
Net income/(loss) attributable to MiX Telematics Limited $ (1,206) $ 1,299 $ (528) $ 4,830
Net income/(loss) per ordinary share        
Basic (in dollars per share) $ (0.002) $ 0.002 $ (0.001) $ 0.009
Diluted (in dollars per share) (0.002) 0.002 (0.001) 0.009
Net income/(loss) per American Depository Share        
Basic (in dollars per share) (0.05) 0.06 (0.02) 0.22
Diluted (in dollars per share) $ (0.05) $ 0.06 $ (0.02) $ 0.21
Ordinary shares        
Weighted average (in shares) 552,210 552,386 551,792 552,124
Diluted weighted average (in shares) 552,210 565,622 551,792 565,322
American Depository Shares        
Weighted average (in shares) 22,088 22,095 22,072 22,085
Diluted weighted average (in shares) 22,088 22,625 22,072 22,613
Subscription        
Revenue        
Total revenue $ 30,700 $ 30,885 $ 61,663 $ 61,975
Cost of revenue        
Total cost of revenue 9,852 9,219 19,905 18,346
Hardware and other        
Revenue        
Total revenue 4,562 5,189 8,658 8,997
Cost of revenue        
Total cost of revenue $ 3,308 $ 3,887 $ 6,581 $ 6,803